wt_know
Well-Known Member
Re: We say we want to slow down
agree that low direct tax but high indirect tax. but we have a choice. other countries that apply high direct tax has no choice.
in spore it is possible for multi millionaires to pay lower tax by staying in resale hdb and dont drive. they keep their money in their pocket instead of paying 40% tax.
a $1.5M ferrari is super duper high indirect tax.
a $100M GCB is a super duper high indirect tax.
but GCB can appreciate ... still consider as future investment
the largest 2 ticket item are car and house
John74;1027369 said:Slow down does not mean lower life quailty. BTW only Norway gives 40 percent of pay for tax. But they are well taken care of. Lots of free health insurance, education , pension , free for giving birth etc. They are paid highly so even with 40 percent tax they are still living comfortably. We say that we pay little tax but we are tax in different things that some people don't know. Car tax and only drive for 10 years. Housing tax, ERP, road tax , insurance. Talk about road tax for BMW it's only few hundred dollars a year as well as insurance. How much are we paying for a housing that are only lease hold. We are actually paying more than 40 percent tax.
agree that low direct tax but high indirect tax. but we have a choice. other countries that apply high direct tax has no choice.
in spore it is possible for multi millionaires to pay lower tax by staying in resale hdb and dont drive. they keep their money in their pocket instead of paying 40% tax.
a $1.5M ferrari is super duper high indirect tax.
a $100M GCB is a super duper high indirect tax.
but GCB can appreciate ... still consider as future investment
the largest 2 ticket item are car and house
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