PAP MPs rebut Workers' Party Chairman
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okay, probably i just do a quick calculation on how objective i am to donate charitably every month to the taxman on just GST, not considering other tax yet
water, electricity & utilities - 150
milk powder/diapers/food for 2 children - 200
/infant care/child care/after school care for 2 children - 350x2 - 700
transport for 2 children - 50x2 - 100
min cost of public transport for myself - 100
phone & internet - 50
food for myself - 100
insurance on myself in case i drop dead while training or taking IPPT or if i met with a freak accident while in camp - 300
the above after leaving out the last two adds up to 1700/month, shall remove 300 from here for companies too small to be taxed by GST assuming all merchants are honest enough not to 'factor' them in.
oh maybe i'm spent too much, i should not have a phone nor internet, walk my children to school, restrict the whole family to 2 meals a day etc..
anyway, i have donated 98 monthly to the taxman on GST. so when i get 800, it seems i can still get to christmas? that's great, i must send the taxman a thank you note this christmas then. at least, i can still last to year end
oh no, i am reminded at home i also need to pay town council, property tax, oh & income tax, the one i used to pay the above. i guess one can't get more objective & charitable than that right? i feel i'm a star in the president star charity
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Originally posted by mrObjective:
okay, probably i just do a quick calculation on how objective i am to donate charitably every month to the taxman on just GST, not considering other tax yet
water, electricity & utilities - 150
milk powder/diapers/food for 2 children - 200
/infant care/child care/after school care for 2 children - 350x2 - 700
transport for 2 children - 50x2 - 100
min cost of public transport for myself - 100
phone & internet - 50
food for myself - 100
insurance on myself in case i drop dead while training or taking IPPT or if i met with a freak accident while in camp - 300
the above after leaving out the last two adds up to 1700/month, shall remove 300 from here for companies too small to be taxed by GST assuming all merchants are honest enough not to 'factor' them in.
oh maybe i'm spent too much, i should not have a phone nor internet, walk my children to school, restrict the whole family to 2 meals a day etc..
anyway, i have donated 98 monthly to the taxman on GST. so when i get 800, it seems i can still get to christmas? that's great, i must send the taxman a thank you note this christmas then. at least, i can still last to year end
oh no, i am reminded at home i also need to pay town council, property tax, oh & income tax, the one i used to pay the above. i guess one can't get more objective & charitable than that right? i feel i'm a star in the president star charity
very detail. fully agree.better downgrade to save on the insurance.
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Originally posted by mrObjective:
okay, probably i just do a quick calculation on how objective i am to donate charitably every month to the taxman on just GST, not considering other tax yet
water, electricity & utilities - 150
milk powder/diapers/food for 2 children - 200
/infant care/child care/after school care for 2 children - 350x2 - 700
transport for 2 children - 50x2 - 100
min cost of public transport for myself - 100
phone & internet - 50
food for myself - 100
insurance on myself in case i drop dead while training or taking IPPT or if i met with a freak accident while in camp - 300
the above after leaving out the last two adds up to 1700/month, shall remove 300 from here for companies too small to be taxed by GST assuming all merchants are honest enough not to 'factor' them in.
oh maybe i'm spent too much, i should not have a phone nor internet, walk my children to school, restrict the whole family to 2 meals a day etc..
anyway, i have donated 98 monthly to the taxman on GST. so when i get 800, it seems i can still get to christmas? that's great, i must send the taxman a thank you note this christmas then. at least, i can still last to year end
oh no, i am reminded at home i also need to pay town council, property tax, oh & income tax, the one i used to pay the above. i guess one can't get more objective & charitable than that right? i feel i'm a star in the president star charity
oh, u did not budget for singapore pool and also clubbing fees -
Originally posted by angel7030:
oh, u did not budget for singapore pool and also clubbing fees
already too charitable to the taxman to have enough for clubbing. singapore pools is not worth my second look, the chances of winning are too slim to waste throwing good money in. -
Originally posted by reyes:
very detail. fully agree.better downgrade to save on the insurance.
yes indeed. lifeform can be so pathetic here in sg... putting our lives at stake for our family (this, i am not complaining), protecting it at our own expense from any mishap and end up getting punished for doing it (GST). -
The recent political debate where it touches on gst and tharman once again told the opposition that gst increases is to tax the rich more and then help the poor while poor buy less, tax less.
Why not reduce the gst and have extra gst only or high class hobbies or goods or dinning? That is the place where high class pple ply.
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Originally posted by likeyou:
The recent political debate where it touches on gst and tharman once again told the opposition that gst increases is to tax the rich more and then help the poor while poor buy less, tax less.
Why not reduce the gst and have extra gst only or high class hobbies or goods or dinning? That is the place where high class pple ply.
It is difficult to classify. In fact, it creates divide.
We can look from another point. Introduction to scalable tax from 1% to 20%
Below is an example:
Items below $50 are taxed 1%
Items above $50 to $200 are taxed 3%
Items above $200 to $1000 are taxed 7%
Items above $1000 to $5000 are taxed 15%
Items above $5000 are taxed 20%While most people cannot avoid the taxations, it is a rather interesting implementation.
So on and so forth. However, this poses a challenge for most standard POS systems and the tax collecting systems.
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Originally posted by Nelstar:
It is difficult to classify. In fact, it creates divide.
We can look from another point. Introduction to scalable tax from 1% to 20%
Below is an example:
Items below $50 are taxed 1%
Items above $50 to $200 are taxed 3%
Items above $200 to $1000 are taxed 7%
Items above $1000 to $5000 are taxed 15%
Items above $5000 are taxed 20%While most people cannot avoid the taxations, it is a rather interesting implementation.
So on and so forth. However, this poses a challenge for most standard POS systems and the tax collecting systems.
If GST is not reduce for necessity items, the divide is more widen.your proposal seem sound but i agree that implementation is very very hard job not only for the retailers, consumers but also tax man.
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Originally posted by Nelstar:
It is difficult to classify. In fact, it creates divide.
We can look from another point. Introduction to scalable tax from 1% to 20%
Below is an example:
Items below $50 are taxed 1%
Items above $50 to $200 are taxed 3%
Items above $200 to $1000 are taxed 7%
Items above $1000 to $5000 are taxed 15%
Items above $5000 are taxed 20%While most people cannot avoid the taxations, it is a rather interesting implementation.
So on and so forth. However, this poses a challenge for most standard POS systems and the tax collecting systems.
sound good. but i guess they will, like what you said, give all sorts of excuse on the implementation. when collecting taxes, they can crack their heads to think of all the first in this world methods like electronic road pricing & COE and if you remember when gst is first introduced, they go through the trouble to mint lots of 1 cent & 5 cent coins. but when it is to collect less tax, the same fervour is suddenly missing.
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Originally posted by Nelstar:
It is difficult to classify. In fact, it creates divide.
We can look from another point. Introduction to scalable tax from 1% to 20%
Below is an example:
Items below $50 are taxed 1%
Items above $50 to $200 are taxed 3%
Items above $200 to $1000 are taxed 7%
Items above $1000 to $5000 are taxed 15%
Items above $5000 are taxed 20%While most people cannot avoid the taxations, it is a rather interesting implementation.
So on and so forth. However, this poses a challenge for most standard POS systems and the tax collecting systems.
A good idea to tax the rich more to help the poor.
Will they review? No, they wont. They wont even want to hear the suggestions.
They only hear from their own scholars horse mouth.
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Below is an example:
Items below $50 are taxed 1%
Items above $50 to $200 are taxed 3%
Items above $200 to $1000 are taxed 7%
Items above $1000 to $5000 are taxed 15%
Items above $5000 are taxed 20%++++++++++++++
One problem Nel, pple might split up their spending receipts especially clothing or spending on staple foods.
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the splitting up of expenses will actually benefit those with time to spare. which includes the middle income group. the rich ones will not bother to go through such hassles. but anyway, i did not really crack my head to anticipate any problems with this, it is already kind of you all to offer solutions without getting paid for it and which may eventually be used in some ways or other by some others while telling you that yours is not feasible because of this or that.