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teddybear
23-05-14, 14:01
The truth about GST:

- GST is a regressive tax

- GST penalizes people who have no incomes because they either have retired, too young to work, unable to work due to various reasons (medical, housewives, physical and mental disabilities). As such, GST is a "cruel" tax vs income tax (in layman term) because it taxes everybody who is breathing and need to live even when they have no income.

- Because GST taxes people with no income like babies, young kids, and old people, it discourages people to have babies, and to take care of their parents (additional taxes means additional burden).

- GST causes inflation, particularly everytime it has been increased.

- GST increases businesses' administrative costs, and these costs will ultimately be expected to be passed on to consumers, hence increasing cost of living.

- SG GST increases the burden of retirees tremendously, because medical services and medicine have not been exempted from GST (UNLIKE most other countries where medical and basic necessities are all EXEMPTED from GST).

- You can't compare SG GST of 7% with say UK GST (they call it "VAT") of 17.5% in terms of absolute figure because UK GST exempts all medical, basic necessities, and children products and services! (If UK is going to tax all these, UK GST is probably equivalent to 3% of SG GST only?)

- What else???

minority
23-05-14, 15:53
WOW COCK story come liao! HERE WE GO AGAIN....

Country don't depends on tax depends on what for revenue to drive programs. u mean wait $$$ to fall out of the sky ? WAH... See Bae COCK leh.

ITS A CONSUMPTION TAX COCK... don't want to pay more don't consume so much! U MEAN U RATHER PAY FLAT TAX?

LOL!!!!

CLOWN....

minority
23-05-14, 15:59
THERE WAS A COCK WHO IS FULL OF BULL.
THE FACT IS THE BULL HAS MORE SHIT THAN FACTS.

teddybear
23-05-14, 16:05
Yes, country depend on tax, so why need to cut high-income and business income tax just to shift the tax burden to the middle-income and the poor in the form of GST? :doh:

No money to pay GST can don't eat don't drink water or not? What a COCK! :eek:


WOW COCK story come liao! HERE WE GO AGAIN....

Country don't depends on tax depends on what for revenue to drive programs. u mean wait $$$ to fall out of the sky ? WAH... See Bae COCK leh.

ITS A CONSUMPTION TAX COCK... don't want to pay more don't consume so much! U MEAN U RATHER PAY FLAT TAX?

LOL!!!!

CLOWN....

minority
23-05-14, 16:20
Yes, country depend on tax, so why need to cut high-income and business income tax just to shift the tax burden to the middle-income and the poor in the form of GST? :doh:

No money to pay GST can don't eat don't drink water or not? What a COCK! :eek:


Can you tell me HOW MUCH GST contribute to the whole tax system???? CAN U???? don't CRY COCK for sake of CRY COCK?

RICH CONSUME MORE. Items they buy are BIG TICKET ITEMs! tax are MORE! Consume more pay more TAX. why u jealous?

TAX BURDEN? what tax burden. GST have been 7% for the longest time. and it never increased. ur tax reduction u screaming about happen when? so what shift are u talking about? can you proof there was a shift? Coz GST is still 7% in fact government collect less tax. but knowing take back more when the Rich come and spend more via GST !! and this also create jobs!!!!! service industry that cater for the rich. like banks, sales assistant , high end cars with it support servicing chain etc. creating JOBS! DUMB COCK!

teddybear
23-05-14, 16:29
Don't need to twist and turn here. You can try your trick on the uneducated and the old but many people know what GST is all about, regardless of your twist and turn................. :D



Can you tell me HOW MUCH GST contribute to the whole tax system???? CAN U???? don't CRY COCK for sake of CRY COCK?

RICH CONSUME MORE. Items they buy are BIG TICKET ITEMs! tax are MORE! Consume more pay more TAX. why u jealous?

TAX BURDEN? what tax burden. GST have been 7% for the longest time. and it never increased. ur tax reduction u screaming about happen when? so what shift are u talking about? can you proof there was a shift? Coz GST is still 7% in fact government collect less tax. but knowing take back more when the Rich come and spend more via GST !! and this also create jobs!!!!! service industry that cater for the rich. like banks, sales assistant , high end cars with it support servicing chain etc. creating JOBS! DUMB COCK!

minority
23-05-14, 20:12
Don't need to twist and turn here. You can try your trick on the uneducated and the old but many people know what GST is all about, regardless of your twist and turn................. :D

Yes when u can explain this is the cock n bull answer u can give. :doh::doh::doh:

teddybear
23-05-14, 20:26
The middle-income and poor people make up of 80% of people in Singapore and all who don't pay tax previously all ended up also paying more TAXES in the form of GST! GST forms a large part of their income! :doh:

Rich people pay GST but get NETT tax cut from direct INCOME TAX reduction! In summary, NETT they pay less taxes! :eek:


Yes when u can explain this is the cock n bull answer u can give. :doh::doh::doh:

minority
24-05-14, 01:07
The middle-income and poor people make up of 80% of people in Singapore and all who don't pay tax previously all ended up also paying more TAXES in the form of GST! GST forms a large part of their income! :doh:

Rich people pay GST but get NETT tax cut from direct INCOME TAX reduction! In summary, NETT they pay less taxes! :eek:



So? Tell me which country don't have to pay taxes ? At least is consumption tax u don't consume u don't pay ! Consume less pay less rich pay income tax more n they consume more pay more consumption tax.

Talk cock.

teddybear
24-05-14, 11:23
What a joke! You want to drink water and eat to fill stomach and see doctor and take medicine when sick all need to pay GST! :doh:

For once I thought you are talking about living in UK where people can eat and drink and see doctor and buy medicine don't need to pay GST because UK exempt all basic necessities and medicine and children stuffs from GST! :beats-me-man:

High income earners pay less tax now (20% instead of 30%), and when they pay 7% GST they got lots of tax savings! :eek:


So? Tell me which country don't have to pay taxes ? At least is consumption tax u don't consume u don't pay ! Consume less pay less rich pay income tax more n they consume more pay more consumption tax.

Talk cock.

Kelonguni
24-05-14, 12:48
Let us not be judgemental and presumptuous.

Some of the rich pay very little GST because of their thrifty habits. Some of the poor and middle income spend like there is no tomorrow and pay so much more in GST.

minority
24-05-14, 13:24
Let us not be judgemental and presumptuous.

Some of the rich pay very little GST because of their thrifty habits. Some of the poor and middle income spend like there is no tomorrow and pay so much more in GST.

like I say dont want to pay dont consume. its a lifestyle choice mah. Or we rather not have that choice ?

minority
24-05-14, 13:29
What a joke! You want to drink water and eat to fill stomach and see doctor and take medicine when sick all need to pay GST! :doh:

For once I thought you are talking about living in UK where people can eat and drink and see doctor and buy medicine don't need to pay GST because UK exempt all basic necessities and medicine and children stuffs from GST! :beats-me-man:

High income earners pay less tax now (20% instead of 30%), and when they pay 7% GST they got lots of tax savings! :eek:

Wah lau. Basic stuff how much GST is that? n u simply forget low income get GST rebates? u spend like no tomorrow then u go pay GST lor. U are a reall cheap skate cock! and HDB which 80% of population stays get yrly rebates !!!


And! the rich have bigger home they dont consume more water and electricity ? their bill are higher they pay more GST too!

its a life style choice. dont want to pay use min.

U Keep complain GST becoz u are RICH and are too cheap skate to pay TAX for ur consumption! FACE it . u are a CHEAP COCK!

irisng
24-05-14, 13:33
- GST increases businesses' administrative costs, and these costs will ultimately be expected to be passed on to consumers, hence increasing cost of living

For those GST registered companies, they can claim back the GST from the IRAS. The problem is on one side these businessman claim GST from the IRAS and on the other side, pass this cost to the consumers (win win situation):2cents:, so the consumers are the one who get the hardest hit espcially on food as food is our necessity.

Simi
24-05-14, 13:36
cock is 公雞 ?

公雞 is dearer than 母雞

unless the Cock is old and infertile then it is cheap :D

so Old cock is 老公雞 ?

minority
24-05-14, 13:38
cock is 公雞 ?

公雞 is dearer than 母雞

unless the Cock is old and infertile then it is cheap :D

Or the Avatar type of Alien Blue Cock. ? or the Lazy Cock that keep complaining and Complaining every morning when he wake up?

Simi
24-05-14, 13:40
Or the Avatar type of Alien Blue Cock. ? or the Lazy Cock that keep complaining and Complaining every morning when he wake up?


Minority Sir

you and Teddy Sir very cute
Bickering all the time :ashamed1::D

then again its good because got fierce debate then got Progress :cheers1:

heehee
24-05-14, 15:23
No, only intermediate companies can claim back GST.
That is why heard people say when GST is 7%, we are paying like 21% or more because of what you said, esp for food use cheaper ingredients, recycle used oil for many more days, reduce the ingredients & portion served to you (all happening now).


For those GST registered companies, they can claim back the GST from the IRAS. The problem is on one side these businessman claim GST from the IRAS and on the other side, pass this cost to the consumers (win win situation):2cents:, so the consumers are the one who get the hardest hit espcially on food as food is our necessity.

onglai
24-05-14, 15:59
Minority Sir

you and Teddy Sir very cute
Bickering all the time :ashamed1::D

then again its good because got fierce debate then got Progress :cheers1:

they derive satisfaction from rubbing cock against each other....

:D:D

minority
24-05-14, 16:08
they derive satisfaction from rubbing cock against each other....

:D:D

LOL!!!!!!!!!!!!! I dont feel any saisctification leh. the other Cockernaden. I think he shoik.

teddybear
24-05-14, 17:33
This is what I heard as well! :doh:


No, only intermediate companies can claim back GST.
That is why heard people say when GST is 7%, we are paying like 21% or more because of what you said, esp for food use cheaper ingredients, recycle used oil for many more days, reduce the ingredients & portion served to you (all happening now).

teddybear
24-05-14, 17:36
Basic stuff don't need to pay much GST?! :doh:
Medicine and medical service also basic necessity, a few nights in hospital ends up with thousands of dollars, don't need to pay much GST?!

GST rebates and HDB rebates can cover tens of thousands of dollars of medical services and medicine that need to pay GST?! :doh:

Oh yes, it is precisely the 80% living in HDB flats, those middle and low income households that are the worst hit because previously they pay ZERO taxes and now have to pay so much GST! (including for those heads in their families who don't pay income taxes but still incur GST costs, especially young children and old people!).

The above facts proved that You are the Biggest COCK in the world! COCK IN MOUTH! :simmering:


Wah lau. Basic stuff how much GST is that? n u simply forget low income get GST rebates? u spend like no tomorrow then u go pay GST lor. U are a reall cheap skate cock! and HDB which 80% of population stays get yrly rebates !!!

And! the rich have bigger home they dont consume more water and electricity ? their bill are higher they pay more GST too!

its a life style choice. dont want to pay use min.

U Keep complain GST becoz u are RICH and are too cheap skate to pay TAX for ur consumption! FACE it . u are a CHEAP COCK!


What a joke! You want to drink water and eat to fill stomach and see doctor and take medicine when sick all need to pay GST! :doh:

For once I thought you are talking about living in UK where people can eat and drink and see doctor and buy medicine don't need to pay GST because UK exempt all basic necessities and medicine and children stuffs from GST! :beats-me-man:

High income earners pay less tax now (20% instead of 30%), and when they pay 7% GST they got lots of tax savings! :eek:

minority
24-05-14, 18:23
Basic stuff don't need to pay much GST?! :doh:
Medicine and medical service also basic necessity, a few nights in hospital ends up with thousands of dollars, don't need to pay much GST?!

GST rebates and HDB rebates can cover tens of thousands of dollars of medical services and medicine that need to pay GST?! :doh:

Oh yes, it is precisely the 80% living in HDB flats, those middle and low income households that are the worst hit because previously they pay ZERO taxes and now have to pay so much GST! (including for those heads in their families who don't pay income taxes but still incur GST costs, especially young children and old people!).

The above facts proved that You are the Biggest COCK in the world! COCK IN MOUTH! :simmering:


Talk cock lah.. u mean u go stay hospital no subsidy? oh forgot u rich A WARD rifght thats why u complain again... Talk cock Rich u better pay more tax!!!

teddybear
24-05-14, 18:56
you mean hospital don't have subsidy before GST implemented?! What cock are you spilling? The fact is, GST hit the middle-incomers and the poor and the old people the most! :p


Talk cock lah.. u mean u go stay hospital no subsidy? oh forgot u rich A WARD rifght thats why u complain again... Talk cock Rich u better pay more tax!!!

irisng
24-05-14, 22:37
No, only intermediate companies can claim back GST.
That is why heard people say when GST is 7%, we are paying like 21% or more because of what you said, esp for food use cheaper ingredients, recycle used oil for many more days, reduce the ingredients & portion served to you (all happening now).

Your intermediate companies is it referring to small medium companies? From what I know as long as a company turnover exceeds a certain amount (couldn't remember how much is it), it can registered with IRAS, even if the company's turnover does not exceed the required amount, it can register too but upon approval.

So for a GST registered companies, they can claim back the GST amount paid for their expenses but at the same time they also need to pay back the IRAS for the GST that they charge to their customers. For food sellers, I'm not sure how are they going to pay back the GST to IRAS for their sales to consumers if they are GST registered companies?

irisng
24-05-14, 22:38
No, only intermediate companies can claim back GST.
That is why heard people say when GST is 7%, we are paying like 21% or more because of what you said, esp for food use cheaper ingredients, recycle used oil for many more days, reduce the ingredients & portion served to you (all happening now).

Duplicate post

chestnut
25-05-14, 07:16
GST and how it works

http://www.iras.gov.sg/irashome/page.aspx?id=1780

http://www.iras.gov.sg/irashome/uploadedfiles/e-Tax_Guide/etaxguide_GST_GST%20General%20Guide%20for%20Businesses_20131231.pdf

Gst rebate for low and middle income

http://www.gstvoucher.gov.sg/faqs.html

http://app.mof.gov.sg/newsroom_details.aspx?
type=press&cmpar_year=2014&news_sid=20140331633155859774


Pioneer package

http://www.singaporebudget.gov.sg/data/budget_2014/download/annexb1.pdf

minority
25-05-14, 09:48
you mean hospital don't have subsidy before GST implemented?! What cock are you spilling? The fact is, GST hit the middle-incomers and the poor and the old people the most! :p

u mean the RICH dont need to pay they pay more!!! no subsidy and bigger bills more GST..no rebates! so what cock u spewing COCKANADEN? COCK between your ear on a SUNDAY?

teddybear
25-05-14, 23:53
Come on, we all know that the rich get a 10% income tax cut with 7% GST!

To make easier for a COCK like you to understand the above implications, let me show all of you clearly how it goes, assuming the rich earn $10m a year:

1) Scenario 1: When without GST and paying 30% income tax, they probably can only spent $1m a year on expenses, saving $6m a year after 30% income tax (paying $3m in income taxes).

2) Scenario 2: When with 7% GST but now only 20% income tax, they will spend $1.07m a year (because of 7% GST on their $1m a year expenses) but they will have saving of $6.93m after 20% income tax (paying $2m in income taxes)!!! Thanks to 7% GST but 10% income tax reduction, they now have a income tax savings of $0.93m !!!
NOW, as you say, where is the extra tax revenue going to come from because of the shortfall (from collecting less from the rich)? There is no free lunch! Simple, from those people in scenario 3!!!

3) Scenario 3: Middle-income people (>80% of them) WHO pay ZERO income tax NOW have to pay 7% GST, thus incurring extra tax payments, which will help to make up for part of the tax revenue shortfall due to (2)!!! :tongue3:

Next, you say, the poor got GST rebates.
But you conveniently forget to tell all of us that the majority of middle-incomers got no rebates now!
And as you said, there is no free lunch, if there is tax revenue shortfall, it must come from somewhere and somebody right?
Simple, from these middle-incomers!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

So simple you don't understand or you are just lying through your teeth? :tongue3:


u mean the RICH dont need to pay they pay more!!! no subsidy and bigger bills more GST..no rebates! so what cock u spewing COCKANADEN? COCK between your ear on a SUNDAY?

chestnut
26-05-14, 07:18
http://www.mti.gov.sg/ResearchRoom/Documents/app.mti.gov.sg/data/pages/507/doc/2%20ERC_Taxation.pdf

smallant
26-05-14, 08:05
Phew. Cpf is our $$$.. I am sooooo happy. .. can use lor.. :-)

teddybear
26-05-14, 10:18
CPF is your $$$ BUT you can't touch because you are too naive and cannot manage your money, and letting your withdrawal all before you die will end up you squandering on china mei-mei (for old men, or "duck" for old women) and then asking the state for assistance! :doh:


Phew. Cpf is our $$$.. I am sooooo happy. .. can use lor.. :-)

eng81157
26-05-14, 10:25
i love it when the govt keeps stating "we must educate the people .........(on policies, govt initiatives, social behaviour, etc etc)", but when it comes to CPF - they suddenly suffer a behavioural change and dispense with the education.

if can educate citizens about almost anything, can't educate citizens on financial planning?? u mean all male retirees gonna hook up with china mei mei meh?

teddybear
26-05-14, 11:10
Education?
I am afraid the educators have also failed in educating because they just don't realize or fail to highlight the below contradictions:

1) CPF min sum is supposed to be minimum to survive.
If $155k min sum with monthly payout of $1200 per month from CPF Life for LIFE (+ another $45k in medisave) is still NOT more than enough,
then,

2) How can $300 per month financial assistance or $1000 per month min wages be enough for a person to support a whole family and still accumulate an amount enough to hit the ever increasing CPF min sum (which is increasing at more than double of inflation and double to triple of wage increase) by the time they are too old to work?

It is either CPF min sum of $155k has been raised too high or the $300 financial assistance and $1000 min wage is grossly insufficient! which is correct???????????????? :confused:



i love it when the govt keeps stating "we must educate the people .........(on policies, govt initiatives, social behaviour, etc etc)", but when it comes to CPF - they suddenly suffer a behavioural change and dispense with the education.

if can educate citizens about almost anything, can't educate citizens on financial planning?? u mean all male retirees gonna hook up with china mei mei meh?

hopeful
26-05-14, 11:38
i love it when the govt keeps stating "we must educate the people .........(on policies, govt initiatives, social behaviour, etc etc)", but when it comes to CPF - they suddenly suffer a behavioural change and dispense with the education.

if can educate citizens about almost anything, can't educate citizens on financial planning?? u mean all male retirees gonna hook up with china mei mei meh?

Henry Ford:
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Does this applies to CPF?

Have the ST publish infographics about money flow to/from CPF, reserves etc to counteract Roy's "infographics"?

I am much confused about Singapore reserves.
Land is considered part of Singapore reserves.
Lets say a land booked at $100mio value is sold at LH99 for $400mio.
So developer pay $400mio to government, which goes to reserves.
since it is LH, the land still belong to government and now re-valued at $400mio? + plus bank $400mio. so total reserves up by $700mio by selling the land at $100mio?

eng81157
26-05-14, 13:12
Education?
I am afraid the educators have also failed in educating because they just don't realize or fail to highlight the below contradictions:

1) CPF min sum is supposed to be minimum to survive.
If $155k min sum with monthly payout of $1200 per month from CPF Life for LIFE (+ another $45k in medisave) is still NOT more than enough,
then,

2) How can $300 per month financial assistance or $1000 per month min wages be enough for a person to support a whole family and still accumulate an amount enough to hit the ever increasing CPF min sum (which is increasing at more than double of inflation and double to triple of wage increase) by the time they are too old to work?

It is either CPF min sum of $155k has been raised too high or the $300 financial assistance and $1000 min wage is grossly insufficient! which is correct???????????????? :confused:

if you can't meet the minimum sum, too bad. garmen isn't going to top the account up.

secondly, you can't simply educate on this whole CPF life program that was forced down our throats. why? simply because we have to guess (for goodness' sake) how long we live. how to educate this?

minority
26-05-14, 13:54
CPF is your $$$ BUT you can't touch because you are too naive and cannot manage your money, and letting your withdrawal all before you die will end up you squandering on china mei-mei (for old men, or "duck" for old women) and then asking the state for assistance! :doh:

Again talk cock on a Monday? u can use for your home, OA buy equity, Gold education and medical.

Yes the only thing u got it right is no spend on Mei Mei. Cockadoo.

minority
26-05-14, 13:56
Education?
I am afraid the educators have also failed in educating because they just don't realize or fail to highlight the below contradictions:

1) CPF min sum is supposed to be minimum to survive.
If $155k min sum with monthly payout of $1200 per month from CPF Life for LIFE (+ another $45k in medisave) is still NOT more than enough,
then,

2) How can $300 per month financial assistance or $1000 per month min wages be enough for a person to support a whole family and still accumulate an amount enough to hit the ever increasing CPF min sum (which is increasing at more than double of inflation and double to triple of wage increase) by the time they are too old to work?

It is either CPF min sum of $155k has been raised too high or the $300 financial assistance and $1000 min wage is grossly insufficient! which is correct???????????????? :confused:


wat cock u spewing? brian got COCKscrewed? your example in 2. the person won't be able to meet the min sum anyway. The government will have to help them.

teddybear
26-05-14, 14:57
If you have no answer to my question, you have the option to keep quiet rather than showing your uncivilized and immoral behaviour.............. :tsk-tsk:
Don't know how brian can get COCKscrewed, you probably got COCKscrewed before is it? :D


wat cock u spewing? brian got COCKscrewed? your example in 2. the person won't be able to meet the min sum anyway. The government will have to help them.


Education?
I am afraid the educators have also failed in educating because they just don't realize or fail to highlight the below contradictions:

1) CPF min sum is supposed to be minimum to survive.
If $155k min sum with monthly payout of $1200 per month from CPF Life for LIFE (+ another $45k in medisave) is still NOT more than enough,
then,

2) How can $300 per month financial assistance or $1000 per month min wages be enough for a person to support a whole family and still accumulate an amount enough to hit the ever increasing CPF min sum (which is increasing at more than double of inflation and double to triple of wage increase) by the time they are too old to work?

It is either CPF min sum of $155k has been raised too high or the $300 financial assistance and $1000 min wage is grossly insufficient! which is correct???????????????? :confused:

Simi
26-05-14, 15:06
http://www.mti.gov.sg/ResearchRoom/Documents/app.mti.gov.sg/data/pages/507/doc/2%20ERC_Taxation.pdf

Bro
think for GST nobody can escape from it

may have to relook at Custom Duty Tax
on luxury items

understand that wine is S$8 across the board
So if you buy a bottle of wine from NTUC at say S$20

S$8 goes to the tax


If you buy a bottle of Vintage say S$1000
the tax is also S$8

teddybear
26-05-14, 15:08
So this is a case of the rich spend more but don't need to pay more tax? :p


Bro
think for GST nobody can escape from it

may have to relook at Custom Duty Tax
on luxury items

understand that wine is S$8 across the board
So if you buy a bottle of wine from NTUC at say S$20

S$8 goes to the tax


If you buy a bottle of Vintage say S$1000
the tax is also S$8

Simi
26-05-14, 15:17
So this is a case of the rich spend more but don't need to pay more tax? :p

you say wan hor not me :tongue3:

anyway just enjoy this video for laugh


http://www.youtube.com/embed/tiAZ01dkcdc?feature=player_embedded

minority
26-05-14, 19:23
So this is a case of the rich spend more but don't need to pay more tax? :p

ur maths really cock.

$20 X 0.7% GST + $8 liquor tax = ?

$1000 X 0.7% GST + $8 liquor tax = ?

Do the maths yourself.

minority
26-05-14, 19:47
If you have no answer to my question, you have the option to keep quiet rather than showing your uncivilized and immoral behaviour.............. :tsk-tsk:
Don't know how brian can get COCKscrewed, you probably got COCKscrewed before is it? :D

U are the one who use the Cock word . I am only learning from you! I have answered your question. are ur eyes cockscrewed? cannot see?

teddybear
26-05-14, 20:04
Wow! You are the one who first used the COCK word and now you go finger pointing at me?

Aren't you also the one who KNN here KNN there? How many times you have KNN your mother? (I have no idea what KNN is until I checked google. Anyway, KNN is not a bad word to you so doesn't matter isn't it?) :beats-me-man:



U are the one who use the Cock word . I am only learning from you! I have answered your question. are ur eyes cockscrewed? cannot see?

teddybear
26-05-14, 20:07
This one so complicated you know how to count?

Like that my 3 scenarios why you don't know how to count? You have mental problem or you KNN too much or you are the product of KNN? :sleep:


ur maths really cock.

$20 X 0.7% GST + $8 liquor tax = ?

$1000 X 0.7% GST + $8 liquor tax = ?

Do the maths yourself.


Come on, we all know that the rich get a 10% income tax cut with 7% GST!

To make easier for a COCK like you to understand the above implications, let me show all of you clearly how it goes, assuming the rich earn $10m a year:

1) Scenario 1: When without GST and paying 30% income tax, they probably can only spent $1m a year on expenses, saving $6m a year after 30% income tax (paying $3m in income taxes).

2) Scenario 2: When with 7% GST but now only 20% income tax, they will spend $1.07m a year (because of 7% GST on their $1m a year expenses) but they will have saving of $6.93m after 20% income tax (paying $2m in income taxes)!!! Thanks to 7% GST but 10% income tax reduction, they now have a income tax savings of $0.93m !!!
NOW, as you say, where is the extra tax revenue going to come from because of the shortfall (from collecting less from the rich)? There is no free lunch! Simple, from those people in scenario 3!!!

3) Scenario 3: Middle-income people (>80% of them) WHO pay ZERO income tax NOW have to pay 7% GST, thus incurring extra tax payments, which will help to make up for part of the tax revenue shortfall due to (2)!!! :tongue3:

Next, you say, the poor got GST rebates.
But you conveniently forget to tell all of us that the majority of middle-incomers got no rebates now!
And as you said, there is no free lunch, if there is tax revenue shortfall, it must come from somewhere and somebody right?
Simple, from these middle-incomers!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

So simple you don't understand or you are just lying through your teeth? :tongue3:

minority
26-05-14, 23:22
Wow! You are the one who first used the COCK word and now you go finger pointing at me?

Aren't you also the one who KNN here KNN there? How many times you have KNN your mother? (I have no idea what KNN is until I checked google. Anyway, KNN is not a bad word to you so doesn't matter isn't it?) :beats-me-man:


U are really a prata man huh? Shall I help refresh ur selective memory?



Talk cock! :rolleyes:

teddybear
26-05-14, 23:27
Think you have selective memory or bad memory or mental retardedness because you are the product of KNN? Below is something you posted several months ago! :tongue3:



KNN again talk cock. since u can afford why are u clogging up the C ward! let the people who need !!!

another case of talk cock.




U are really a prata man huh? Shall I help refresh ur selective memory?

minority
27-05-14, 09:53
Think you have selective memory or bad memory or mental retardedness because you are the product of KNN? Below is something you posted several months ago! :tongue3:

Like I say u have selective memory also. KNN means what to your filty mind? can you tell us?

teddybear
27-05-14, 11:28
You used the "KNN" phrase on other people and now you asking people what is the meaning?

I checked google, and here it is:
http://www.sg-city.com/smf/index.php?topic=2321.0;wap2

Since KNN is not a bad word to you, I return you loh! You must be a product of KNN as defined in that webpage??? :scared-1:
No wonder brian cockscrewed and mentally retarded! :banghead:


Like I say u have selective memory also. KNN means what to your filty mind? can you tell us?

minority
27-05-14, 18:35
You used the "KNN" phrase on other people and now you asking people what is the meaning?

I checked google, and here it is:
http://www.sg-city.com/smf/index.php?topic=2321.0;wap2

Since KNN is not a bad word to you, I return you loh! You must be a product of KNN as defined in that webpage??? :scared-1:
No wonder brian cockscrewed and mentally retarded! :banghead:

common I already explain my stand. u have a dirty mind no wonder are so cockardened. ur statement dont make sense. Know Nothing Nut . how to fit in your statement? u need to go back to school( Screw ) COCK..

teddybear
28-05-14, 11:40
Repost here for discussions............ :2cents:


What is fair?
Fair means if you earn more, you pay more tax. Otherwise, any honorable people would expect people who earn less to pay more tax?

But the world is now getting skewed, with all kind of taxes being levied on people that has nothing to do with income (be it from personal income or businesses), and letting people who earn more income pay less taxes while people who earn less are now made to shoulder higher taxes in other form (E.g. GST etc).

Honestly, why would anybody expect and make the young, the old and unable to work anymore, the disabled, the handicapped, and all those people who has no income to pay taxes (in any form, such as GST)? :banghead:

In the very least, GST or VAT or whatever implemented in other developed countries (e.g. UK) exempt basic necessities (inclusive of medical and children stuffs) from GST/VAT!


You have to be fair for the majority of middle-incomers whose income is not high and pay little to ZERO income taxes, whose young children and aged parents don't pay any income taxes, suddenly these middle-incomers need to pay GST for themselves and their children and parents to live! :tsk-tsk:

As to under-declaring income, this is a crime and loss of state's revenue! It is the job of govt to nail them and make they pay, especially when they already paying less taxes because of business and income tax cut from 30% to 17% and 20%!

As to what you say, obvious this is illegal! Looks like this is common and govt should just plug these corporate tax losses loophole! :tsk-tsk:

minority
30-05-14, 11:22
Oi! talk cock king and prata king. Here is fact that you choose not to see and fudge over on. go suck on it. Since u like to keep whining abt GST any hao sioa abt medical bills not GST exempted. Suck on it.

"In addition, the government has been absorbing GST in full for all subsidised patients in public hospitals and polyclinics since the GST was introduced in 1994. GST has also been absorbed for all subsidised patients receiving long-term care services.[16]"

teddybear
30-05-14, 13:05
You buy medicine from pharmacy, need to pay GST or not?
You see GPs in private clinics and get the medicine, need to pay GST or not?
You go govt hospitals directly without referral from polyclinics, need to pay GST or not?
You check the govt medical bills rate quoted to you before subsidy, that is almost like private hospital charges! Govt hospitals supposed to peg bills to private hospitals??? Obviously, the difference is called "subsidy"! You stupid idiot kam gong or what?

This is like govt saying HDB lose money building HDB flats and provide subsidy to you for buying new BTO flats as compared to resale HDB flats!
The statement itself is not wrong from the view of HDB, but we can also say the govt as a whole make a LOT of MONEY building HDB flats (because they bought our land at $0.60 psf of land and sell it to HDB at $600+ psf of land to build HDB flats!). That is >100,000% of profit on the land alone! :rolleyes:



Oi! talk cock king and prata king. Here is fact that you choose not to see and fudge over on. go suck on it. Since u like to keep whining abt GST any hao sioa abt medical bills not GST exempted. Suck on it.

"In addition, the government has been absorbing GST in full for all subsidised patients in public hospitals and polyclinics since the GST was introduced in 1994. GST has also been absorbed for all subsidised patients receiving long-term care services.[16]"

minority
30-05-14, 13:49
You buy medicine from pharmacy, need to pay GST or not?
You see GPs in private clinics and get the medicine, need to pay GST or not?
You go govt hospitals directly without referral from polyclinics, need to pay GST or not?
You check the govt medical bills rate quoted to you before subsidy, that is almost like private hospital charges! Govt hospitals supposed to peg bills to private hospitals??? Obviously, the difference is called "subsidy"! You stupid idiot kam gong or what?

This is like govt saying HDB lose money building HDB flats and provide subsidy to you for buying new BTO flats as compared to resale HDB flats!
The statement itself is not wrong from the view of HDB, but we can also say the govt as a whole make a LOT of MONEY building HDB flats (because they bought our land at $0.60 psf of land and sell it to HDB at $600+ psf of land to build HDB flats!). That is >100,000% of profit on the land alone! :rolleyes:



Maybe u never go school (SCREW) or may be u donno how to read or maybe you got COCK in your eyes or may be you watch too much porn damage ur grey matter ( according to ST). PLS read before you try to bull shit. What I say. u KPKB say medical I show u. GST rebated. u want to talk abt HDB? HDB no rebates? MAKE lots or $$$ PLS show proof. No Proof your talk is like Shit not worth a cent :2cents:.

I CALL U BULL SHIT. TALK COCK SING SONG.

teddybear
30-05-14, 13:58
Please stop all your lies!
Show proof that govt make money building HDB flats? How? May be I have to dig up the payment from govt >20 years ago (in 198x) where they bought our land for $0.60 psf of land? :rolleyes:
Think it is easier for govt to give us all statistics about how much they paid for the land they acquired under the name of "national development" from 197x to 198x since with these we will have a better picture of the actual costs of land they "acquired" that they subsequently sell to HDB in this case?
And better still, they should provide us how much of these land has still not been developed (means no "national development" yet) and is still just "land"... :o


Maybe u never go school (SCREW) or may be u donno how to read or maybe you got COCK in your eyes or may be you watch too much porn damage ur grey matter ( according to ST). PLS read before you try to bull shit. What I say. u KPKB say medical I show u. GST rebated. u want to talk abt HDB? HDB no rebates? MAKE lots or $$$ PLS show proof. No Proof your talk is like Shit not worth a cent :2cents:.

I CALL U BULL SHIT. TALK COCK SING SONG.

minority
30-05-14, 14:30
Please stop all your lies!
Show proof that govt make money building HDB flats? How? May be I have to dig up the payment from govt >20 years ago (in 198x) where they bought our land for $0.60 psf of land? :rolleyes:
Think it is easier for govt to give us all statistics about how much they paid for the land they acquired under the name of "national development" from 197x to 198x since with these we will have a better picture of the actual costs of land they "acquired" that they subsequently sell to HDB in this case?
And better still, they should provide us how much of these land has still not been developed (means no "national development" yet) and is still just "land"... :o

I wonder who is lieing here. or trying to spread malicious rumours.


like that say when the iban is here land was free. when the stanford raffles come land was free leh!

u stupid fool never see the value put into the developing the infra to support the land? TALK COCK.

like that u must well go merc show room at C&C throw up a fuss and protest that the car should be sold to you in bare metal cost! coz the whole thing is after metal. They bought the metal cheap!

TALK COCK!!!!!! what happen to your grey matter!!!

Simi
30-05-14, 14:54
Ceasefire and have a Break

Have a Tiger :cheers1::cheers1:

Relax and have FUN :D

An old Doberman starts chasing rabbits and before long, discovers that he's lost.

Wandering about, he notices a panther heading rapidly in his direction with the intention of having lunch.

The old Doberman thinks, "Oh, oh! I'm in deep shit now!"


Noticing some bones on the ground close by, he immediately settles down to chew on the bones with his back to the approaching cat.


Just as the panther is about to leap, the old Doberman exclaims loudly, "Boy, that was one delicious panther! I wonder, if there are any more around here?"

Hearing this, the young panther halts his attack in mid-strike, a look of terror comes over him and he slinks away into the trees.

"Whew!," says the panther, "That was close! That old Doberman nearly had me!"

Meanwhile, a squirrel who had been watching the whole scene from a nearby tree, figures he can put this knowledge to good use and trade it for protection from the panther.

So, off he goes.

The squirrel soon catches up with the panther, spills the beans and strikes a deal for himself with the panther.

The young panther is furious at being made a fool of and says, "Here, squirrel, hop on my back and see what's going to happen to that conniving canine!"

Now, the old Doberman sees the panther coming with the squirrel on his back and thinks, "What am I going to do now?," but instead of running, the dog sits down with his back to his attackers, pretending he hasn't seen them yet, and just when they get close enough to hear, the old Doberman says ...

"Where's that squirrel? I sent him off an hour ago to bring me another panther!"

Moral of this story...

Don't mess with the old dogs.

Age and skill will always overcome youth and treachery!


Bullshit and brilliance only come with age and experience.

teddybear
30-05-14, 15:44
May be you can ask the govt whether we can say "No we don't want to sell to you" for their land acquisition under "National development"? :rolleyes:

So, Stop lying and twist and turn! Almost everybody here knows that now! Ha ha ha! :tongue3:



I wonder who is lieing here. or trying to spread malicious rumours.


like that say when the iban is here land was free. when the stanford raffles come land was free leh!

u stupid fool never see the value put into the developing the infra to support the land? TALK COCK.

like that u must well go merc show room at C&C throw up a fuss and protest that the car should be sold to you in bare metal cost! coz the whole thing is after metal. They bought the metal cheap!

TALK COCK!!!!!! what happen to your grey matter!!!

teddybear
31-05-14, 19:39
calling minority to give us the answer about land acquisition in 197x - 198x under "Acquisition of land for National development":

Can we tell the govt: "No we don't want to sell to you" for their land acquisition under "National development"? :rolleyes:



May be you can ask the govt whether we can say "No we don't want to sell to you" for their land acquisition under "National development"? :rolleyes:

So, Stop lying and twist and turn! Almost everybody here knows that now! Ha ha ha! :tongue3:

minority
02-06-14, 09:56
calling minority to give us the answer about land acquisition in 197x - 198x under "Acquisition of land for National development":

Can we tell the govt: "No we don't want to sell to you" for their land acquisition under "National development"? :rolleyes:


So if everyone don't want to sell for deveoplemnt or relocation. We develop what? everyone selfish like you own interest? Only with people like you ard SINGAPORE IS SCREWED. SELF centred and selfish.!!! Full of personal interest. :simmering::simmering::simmering:

Oi!! COCK TALKER Prata man can you tell me if a swamp land is worth more than a developed land? Can you tell me if both are the same? A piece of swamp in the middle of no where and something that have infra all developed to it?



Go C&C tell them u want to buy the MERC at Chow T price coz its just metal no reason why C&C should sell u the MERC so expensive.. GO GO. I encourage u to go do that! KANG GONG. :doh::doh::doh:

Such simple things u cannot understand or phamthom? u want to KPKB. :doh::doh::doh::doh::doh:

Go Geylang eat some pig brain soup. Correction EAT a whole lot of it.. I think u in need to por .

minority
02-06-14, 10:00
Cock talker

u say until like singapore only one with land accquation act? every country also have such act dumbo.

http://www.legislature.mi.gov/(S(tzksb255fu3usyvqjuresx45))/documents/mcl/pdf/mcl-Act-3-of-1942-1st-Ex-Sess-.pdf

http://www.legislation.gov.uk/ukpga/1919/57/contents/enacted


http://www.agc.gov.my/Akta/Vol.%2010/Act%20486.pdf

and the list go on and on and on.

So don't twist it like Singapore are the only one with it?

hopeful
02-06-14, 10:40
Cock talker

u say until like singapore only one with land accquation act? every country also have such act dumbo.

http://www.legislature.mi.gov/(S(tzksb255fu3usyvqjuresx45))/documents/mcl/pdf/mcl-Act-3-of-1942-1st-Ex-Sess-.pdf

http://www.legislation.gov.uk/ukpga/1919/57/contents/enacted


http://www.agc.gov.my/Akta/Vol.%2010/Act%20486.pdf

and the list go on and on and on.

So don't twist it like Singapore are the only one with it?

does the articles say what price to be paid?
i think issue is compensation price for land acquisition.
and govt squatting on acquired land for years and years.

teddybear
02-06-14, 11:37
Price and non-"national development" many years after acquisition (despite being acquired for "national development") are the main issues! Well, you just hit the nail on the head!


does the articles say what price to be paid?
i think issue is compensation price for land acquisition.
and govt squatting on acquired land for years and years.

hopeful
02-06-14, 12:31
Price and non-"national development" many years after acquisition (despite being acquired for "national development") are the main issues! Well, you just hit the nail on the head!

lets say you have swamp A and i have swamp B side by side.
govt take your swamp A and pay you $1psf (market rate then), builds lots of infrastructure.

30 years down the road, govt want my swamp B. can the govt pay me $1psf or does the govt have to pay me $100psf (the market rate for swampland now).

would it be better if govt acquire both swamps simultaneously and let swamp B lie fallow for 30 years or govt acquire swamp A first and then swamp B 30 years later.

personally, i think $1psf or $100psf doesnt matter as long as it is market rate at that point in time.

teddybear
02-06-14, 13:06
Let's just say, if you acquire land for national development, it means there should be national development already planned and to be executed, not just acquire and leave the land vacant to grow grass even after 20 years later. :o

The other issue is as you said about price but they are usable land and not swamp, with factories occupying the land doing economically-contributing activities, market rate then going like $8-10 psf and you are getting paid $0.60 psf.

If you consider that now in 2014 developers are paying >$1000 psf of 99LH land (or >$330 psf ppr considering plot ratio of 3.0 for just 99LH land) in ulu areas, then $10 psf of FH land is really very little in 198x which is basically only about 30 years ago (not to mention $0.60 psf of which we are unwilling to sell anyway!). :doh:



lets say you have swamp A and i have swamp B side by side.
govt take your swamp A and pay you $1psf (market rate then), builds lots of infrastructure.

30 years down the road, govt want my swamp B. can the govt pay me $1psf or does the govt have to pay me $100psf (the market rate for swampland now).

would it be better if govt acquire both swamps simultaneously and let swamp B lie fallow for 30 years or govt acquire swamp A first and then swamp B 30 years later.

personally, i think $1psf or $100psf doesnt matter as long as it is market rate at that point in time.

teddybear
02-06-14, 13:34
Don't talk cock and try to lie and mislead others!
There are big differences in those you quoted!

Firstly, in any democratic country, the land acquisition for national development only acquire sufficient land necessary for the "specific" "national development", and not all land in the whole region, let alone >80% of all the vacant land in the whole country!
Also, They don't acquire any land and then grow grass on the land for >10 years, let alone >30 years!

Secondly, in those countries, they pay "market rates"!



Cock talker

u say until like singapore only one with land accquation act? every country also have such act dumbo.

http://www.legislature.mi.gov/(S(tzksb255fu3usyvqjuresx45))/documents/mcl/pdf/mcl-Act-3-of-1942-1st-Ex-Sess-.pdf

http://www.legislation.gov.uk/ukpga/1919/57/contents/enacted


http://www.agc.gov.my/Akta/Vol.%2010/Act%20486.pdf

and the list go on and on and on.

So don't twist it like Singapore are the only one with it?