7% GST - ouch

[TaxAgain]

Increase GST, complain. Increase Income Tax, complain. Never increase, also compain for no subsidy. So what to do? Imagine if you have a house for rental. When the house is getting old and need touch up, do you renovate it and rent out at higher price or just let it rot and rent out at lower price?

[PreferGST]

Prefer GST increase than Income Tax increase. At least with GST increase, I can reduce spending to reduce paying GST. But if Income Tax increased, I would be crazy to ask for lower pay in order to pay lower tax, right?

[PreferGST]

By the way, GST is also paid by foreigners/tourists when they either ineligible to claim GST refund, too lazy to do that, or don't know how to do that.

[U must be crazy]

So if I earn $1,000 a month and most of my money goes towards day-to-day survival, how do I spend less? Stop eating?

[7%?]

Yes, browsing around this message board and i simply agree the fact that Unfair posted 17-11-2006 08:10 AM            
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Shiitake's post sums it all up: for people on a good salary who assume that they will always have a good salary, Singapore is a nice place to stay, at least from a financial perspective.
I have lived and worked in Europe and Singapore, and when I moved my average income tax rate went from 43% in Europe to 14% in Singapore. I still prefer the European system for two reasons: it is fairer (more social) from a societal angle; and personally the peace of mind was much bigger in Europe. Here, I need to save any income tax savings for a rainy day, and no matter how much I save I may still get wet. In Europe, at least I know my high taxes are buying me a decent umbrella.
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Here i would like to add some of my points. Example like dining out at the restaurant, we paid (1%+5%+10%=16%)additional in our total bill. I think next time we must paid 18%, any doubt?
For my salary in Singapore, i paid 22% income tax, i think it's considered high.... In addition, i need to save for raining days, my healthy care and family health care too although we have SGH, NUH (NOT that cheap here), in the end most people still seeking specialists in Mt E and Gleneagles Hospital when sick!!!

[the poor]

I don't think the 7% GST will help the poor like me. I earn $3K a month, my husband earn $6k a month, we have 2 kids, a maid and parents to support, on top of that we must paid our child school fees,  study expenses, our HDB loans, utilities bill...my parents health care (although they have little CPF plus mediasave but not sufficient)...

[political analyst]

To 7%.

That umbrella will be an umbrella with a lot of holes.
Hope you get the picture now...

[5%]

Very sad coming back to Singapore with 7% GST next month. Salary doesn't increase much, how to survive with so much paid and paid?

[cactus]

In the last 10 years, Singapore reached rich country status...you're now getting a nice, fat, rich country GST...
...rich country unemployment and free trade job losses are coming up next ..to take care of all those jobless, you will have to raise taxes so you can pay welfare or as they like to call it, 'workfare'

seen this all before

enjoy

[This message has been edited by cactus (edited 03-01-2007).]

[yes but..]

... VAT in Germany just went up to 19% and GST and PST in British Columbia  together is 14%.

No complaints here.  Just laughing at those in the EU at Canada, and of course those who complain here.

[please leave]

What's that so funny to laugh? since you love the GST in Germany, just go back to your country!

[cactus]

Please Leave is certainly not a racist now, is he?  

Please Leave should never come to Canada. We are racially tolerant...he needs to go to a country with people more racist than himself... and, oh yes, with a high, high sales tax

[mEmE]

I think "please leave" is a singaporean, singaporean never racist!, they just sound out their point of view, they don't complaint either, they were analysing the facts. No worriessss CACTUS.