Singapore Budget 2009 - Taxation Issues

 

FREAK!!!! This is too much!!!

CUT IN CPF!! NO CUT IN INCOME TAX! NO CUT IN GST!!

When oil price increase.. electric bills increase trememdiously.. when oil drops to 41usd.. more than 70% off from the peak.. we have a mere 24% decrease in electric bills..

How to survive!??!

CPF already cut from 20% to 13% and limit at 4.5k (last time 6k)..

6k * 20% = 1200
4.5K * 13% = 585
total deduction = 615

51.25% lesser

we are already getting 51.35% lesser in CPF contribution by employer.. 615 per month!

how much more??

CUT HDB housing price lah..

If we are to suffer.. all housing loan interest charge cut to 0.6% per annual lah..

wah liao eh.. too much man..

last two years singapore boomS!!! but CPF did not revert back to 20% and cap at 6k..

bad time cut cut cut cut from us..

good time.. never give back.. only know how to increase minister's salary.. mark to market minister's pay..
mark to market HDB flats...
Markt to market TAXI FARE
mark to market bus fare
mark to market GST/ERP.... etc... etc..
but never mark to market back our CPF

I support you. I find it very suffocating in my life.

When oil price increase...public tpt fare increase cos oil px increase....when oil px fall, public tpt fare no fall cos it not link only to oil px...got other considerations =(

Our ministers are among the Best Paid or the Best Paid in the world, yet it citizens pay are not....=( Managers to workers pay in Singapore lacks behind HK, UK etc...cos we must keep our costs down....why only the citizens sharing that part? Thought it One Singapore, One Nation, One citizen? I'm so disappointed with my own country when I have to support both my parents and sibings, and when I see families worse off than us fighting for a living from collectings cans etc =(

i also heard news saying that CPF cut is like 1 of the last resorts. but they will be pay review conducted. so will cut or not also depends on the review results.

Citizen's money/salary can cut.. but government's revenue (taxes/GST) cannot be cut?? wat logic??
call me selfish.. but if everything increase during boom.. and now bad times... Shouldnt everything revert back??
If this is not.. shouldnt we be more careful in the future and be given a chance to speak on GST/ERP/transportation fare issues? since it is going to be like.. only up but no come down?

Increase the Wife Rebate. How in this day we can support our wife in a year for $2k? HK has a more realistic Wife Rebates.

I support for the reduction of HDB as they really inflated too much. Just compare the price of a HDB and the income of a fresh graduates 10 years versus now. This explain why people are not getting married or marrying late and has difficulty in getting childrens. TOO EXPENSIVES...

it's called wife relief... not wife rebate. haha... that's why it's a relief. to help relief what you used to support your wife. not fully subsidize on how you support ur wife. i would read that as an incentive. it's our duty to maintain our wife, children, parents, etc. why should the government pay us to do that?

if hubby stays at home to take care of kids and parents, why not? :)

yeaps. just that it isn't really the norm here right? maybe that's why there isn't such a thing as hubby relief yet! =)

that brings up a question.. If HDB is true to its market pricing policy....

That means next year.. i will see a 20 ~ 30% drop in HDB flat launch price??? but that also brings the question of how transparent is the valuation technique that HDB uses?

Selling of land to private is the decision of government.. if next year economy "kar-BOOMED"... and no land is going to be released by government.. the price will be artifically stayed at previous "market priced"...

but our pay cannot be artifically stayed at previous market price... how? married and have kids with minimum social welfare (singapore does not believe in social welfare).... no money how?

(based on previous experience, land sales are stopped during bad times..)

Whether the new HDB launch prices will drop for next year or not, that really depends on the HDB resale market which in turn depends on the demand and supply. :)

As said.. Supply is government controlled.  during bad times.. all land sales were stopped.

Government can and will control land sales to moderate property prices so that it does not have a landslide drop in propery prices. Unfortunately, it's not simple to control property prices and it is subject to the market demand for properties as well. I think it's a good thing that government helps to hold up property prices as property is probably the biggest asset for most Singaporeans.

govt may be dipping into reserves for the upcoming budget.

so what is your wishlist? i hope middle income can get something too and not just low income.

my wishlist is lower personal income taxes, lower property taxes =)

Yes! Lower personal income taxes and property taxes! :D

I wish more help for middle income too...we are feeling so squeezed!

Maybe more ultilties rebates, maybe town council can reduce their SC&C too.