Monday 21 November 2022

How much does Singaporeans pay in personal income tax?



I am not a lawyer but I speak from facts, so I stand on solid ground.


Half of Singaporean workers do not even pay any income tax. Of the other half, 80% of them pay an effective tax rate of less than 4%.

How is that remotely close to 'beggaring the taxpayers'?

What is being (deliberately?) ignored by all who oppose the GSTis the fact of the Permanent Enhanced GST Voucher Scheme which reduces the effective GST rate for the bottom 30% of households to less than 3%.

This is a permanent scheme that costs at least $1 billion annually.

Some people ask: where did surplus go? Some of it goes to top up the GST Voucher Scheme to give back to Singaporeans.

The GST Voucher Scheme makes GST a multi-tiered system based on income. It ensures that those who pay less are truly those who have less.

The PAP has the political courage to do what is unpopular in order to ensure that social programmes are sustainable.

Endemic income equality problems?

The Government is taking a holistic, multi-ministry, multi-agency approach to help uplift families and children from the vulnerable groups.

This approach is taken because the problems faced by these families are complex. Complex problems do not have a simple solution. This approach is also resource-intensive but produces better outcomes.

How about we match our concern not with words but with actions? The GST hike will make resources available to help vulnerable people and narrow income gap.

Assurance Package.

The cry is: Delay the GST hike because there is inflation.

The Assurance Package does that. It delays it by 5 years for majority of people.

Now you've got your wish and you call it some kind of gimmick on an election basis? Come on lah.

By the way, the Assurance Package was announced during the previous term of government, not during this term.

This lawyer asked for his comment to be shot down. His wish is granted.

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