Gst Offset

[shedseven]

visit http://gstoffset.gov.sg for more info...

[miniUltraman]

visit http://gstoffset.gov.sg for more info...

Can buy buy buy :thumbsup:

[Ricky]

Can buy buy buy :thumbsup:

Erm buy what??

[shedseven]

Buy underwear la.. not enough to buy lens leh... peanuts given.. monkey needed..:coolnod:

[TATBOO]

:happy1: buy batteries for flash, camera.................

[Pinky]

:clap2: :clap2: :clap2:

[miniUltraman]

Can buy battery grip at least lah :cheer:

[Ricky]

:happy1: buy batteries for flash, camera.................

Mmm... much better answer. :clap2:

[harrynkl]

basket! cant go in, heavy traffic, i tot got ERP to control the traffic?

[shedseven]

basket! cant go in, heavy traffic, i tot got ERP to control the traffic?

Yeah man.. me too.. upset.. really upset.. but for the ERP thingy, better not have.. if not we've to pay some more.. hehe..

[harrynkl]

Yeah man.. me too.. upset.. really upset.. but for the ERP thingy, better not have.. if not we've to pay some more.. hehe..

u get this then pay the income tax still return to big uncle

[shedseven]

u get this then pay the income tax still return to big uncle

hahaha... yeah man... :coolnod:

[AncientMariner]

u get this then pay the income tax still return to big uncleThe govt is not recovering the expenditure thru income tax alone. It is recovered every time you have to pay for something and unless you don't need to eat, drink, sleep etc you will be paying back with interest. So hold your horses guys before you decide on spending the offset and wait till you see what happens to prices all around and the cost of living. If you are planning on that $1M condo, you will have to pay $20K more - $70K instead of $50K GST i.e. 40% increase not 2% increase. Even if you settle for a HDB flat, how much is your "GST offset" really offsetting?
I would be prepared to pay them ten times this offset to remove GST altogether.

[TATBOO]

For those residing in Singapore...(this was sent to me by an ex-auditor)

Example 1
In 2006, if after rebates etc and your net taxable income is $60,000, the income tax you need to pay is $2,700 (8.75%). If you spend $800 a month on needed goods and services, the GST paid for 5% will be $480 Total=$3,180 in Tax paid.

In 2007, if after rebates etc and your net taxable income is $60,000, the income tax you need to pay is $2,600 (8.50%). If you spend $800 a month on needed goods and services, the GST paid for 7% will be $672 Total=$3,272 in Tax paid.

From $3,180 to $3,272, the effective increase is 2.89%.

Example 2
In 2006, if after rebates etc and your net taxable income is $400,000, the income tax you need to pay is $61,650 (21%). If you spend $4,000 a month on needed goods and services, the GST paid for 5% will be $2,400 Total=$64,050 in Tax paid.

In 2007, if after rebates etc and your net taxable income is $400,000, the income tax you need to pay is $58,700 (20%). If you spend $4,000 a month on needed goods and services, the GST paid for 7% will be $3,360 Total=$62,060 in Tax paid.

From $64,050 to $62,060, the effective decrease is -3.11%.

Example 3
In 2006, if after rebates etc and your net taxable income is $25,000, the income tax you need to pay is $187.50 (3.75%). If you spend $800 a month on needed goods and services, the GST paid for 5% will be $480 Total=$667.50 in Tax paid.

In 2007, if after rebates etc and your net taxable income is $25,000, the income tax you need to pay is $175 (3.5%). If you spend $800 a month on needed goods and services, the GST paid for 7% will be $672 Total=$847 in Tax paid.

From $667.50 to $847, the effective increase is 26.89%.

The fact is: The poorer you are the more the GST is going to make you poorer

[Stanley]

For those residing in Singapore...(this was sent to me by an ex-auditor)

Example 1
In 2006, if after rebates etc and your net taxable income is $60,000, the income tax you need to pay is $2,700 (8.75%). If you spend $800 a month on needed goods and services, the GST paid for 5% will be $480 Total=$3,180 in Tax paid.

In 2007, if after rebates etc and your net taxable income is $60,000, the income tax you need to pay is $2,600 (8.50%). If you spend $800 a month on needed goods and services, the GST paid for 7% will be $672 Total=$3,272 in Tax paid.

From $3,180 to $3,272, the effective increase is 2.89%.

Example 2
In 2006, if after rebates etc and your net taxable income is $400,000, the income tax you need to pay is $61,650 (21%). If you spend $4,000 a month on needed goods and services, the GST paid for 5% will be $2,400 Total=$64,050 in Tax paid.

In 2007, if after rebates etc and your net taxable income is $400,000, the income tax you need to pay is $58,700 (20%). If you spend $4,000 a month on needed goods and services, the GST paid for 7% will be $3,360 Total=$62,060 in Tax paid.

From $64,050 to $62,060, the effective decrease is -3.11%.

Example 3
In 2006, if after rebates etc and your net taxable income is $25,000, the income tax you need to pay is $187.50 (3.75%). If you spend $800 a month on needed goods and services, the GST paid for 5% will be $480 Total=$667.50 in Tax paid.

In 2007, if after rebates etc and your net taxable income is $25,000, the income tax you need to pay is $175 (3.5%). If you spend $800 a month on needed goods and services, the GST paid for 7% will be $672 Total=$847 in Tax paid.

From $667.50 to $847, the effective increase is 26.89%.

The fact is: The poorer you are the more the GST is going to make you poorer

Good example that you give, but don think the negative way! Just follow the govt way than you will be OK! Govt force us to improve ourself! How much did you received???:grin: Me got $300/= so little!:confused1:

[littlegenie]

Our govt is good. They encourage you to save $$ by implementing and increasing GST. You spend less money, you save more money.

They can counter you if you can't afford the taxes on 42" LCD TV, you can always buy a smaller TV.

If you can't pay for the taxes on the 1m condo, you can always buy a $500K condo.

They give you $300 so as to help you to tide across this hurtful period of GST increment. Where can you find such a caring/thoughtful govt in this world?..

[shedseven]

:clap2:
haha.. very interesting ppl.. we've positive ppl in the house..

Had a small "talk cock" session with my friends:
A guy earns $1,200 and gets $300. Another one earns $2k and gets $300. And the boss of these guys, gets $300. What a fair system...
- A negative person might say, "I pity the poor ones.. They get as little as the rich ones.."
- A positive person might say, "I kinda agree that everyone gets the same thing. The rich ones pay higher taxes."

Conclusion:
Humans are never satisfied in whatever they have...

[miniUltraman]

:clap2:
haha.. very interesting ppl.. we've positive ppl in the house..

Had a small "talk cock" session with my friends:
A guy earns $1,200 and gets $300. Another one earns $2k and gets $300. And the boss of these guys, gets $300. What a fair system...
- A negative person might say, "I pity the poor ones.. They get as little as the rich ones.."
- A positive person might say, "I kinda agree that everyone gets the same thing. The rich ones pay higher taxes."

Conclusion:
Humans are never satisfied in whatever they have...

Count by percentage of their pay... the guy earns $1,200 get the highest percentage!!!! A good 25%!!!! That is unfair :cheer:
You sure the boss of the $2k guy gets $300... that means the boss still stay in HDB... got to buck up man.. being the boss :grin:

[miniUltraman]

Good example that you give, but don think the negative way! Just follow the govt way than you will be OK! Govt force us to improve ourself! How much did you received???:grin: Me got $300/= so little!:confused1:

ya.. $300 not even enough to buy the light meter from you :grin: Lucky Stanley's courses never charge GST :cheers:

[littlegenie]

We should stay positive. Complaining is of no use.
This is a very "positive" blog.

http://singaporemind.blogspot.com/

:happy1:

[miniUltraman]

We should stay positive. Complaining is of no use.
This is a very "positive" blog.

http://singaporemind.blogspot.com/

:happy1:

govt give you more than $300 is it :cheer:
Nobody complains lah... It is kopi talk

[littlegenie]

govt give you more than $300 is it :cheer:
Nobody complains lah... It is kopi talk

I also wish for more leh.. :grin: :coolnod:

[Static]

Seriously I think there is a flaw in the distribution of this GST offset package.

My colleague elder sis married an angmoh, holds a green card and currently

living in the states, was oso given this GST offset package. :(

Currently she dun hab any property in Spore, so would she be given more

$$$$ ????

Somemore, I think she is doing quite well in the states. Abit unfair right ?

[harrynkl]

Seriously I think there is a flaw in the distribution of this GST offset package.

My colleague elder sis married an angmoh, holds a green card and currently

living in the states, was oso given this GST offset package. :(

Currently she dun hab any property in Spore, so would she be given more

$$$$ ????

Somemore, I think she is doing quite well in the states. Abit unfair right ?

u talking about fairness in the world, must be joking:rofl:

the rich getting richer and the poor got to pay for the rich undoing

[piggyxiaozhu]

:knock1: :knock1:

haiz... dun complain lah.. .at least guys get 100 more lor...

[littlegenie]

:knock1: :knock1:

haiz... dun complain lah.. .at least guys get 100 more lor...

guys have to suffer 2 - 2.5 yrs more to get the xtra 100 leh.. i rather miss the 2 -2.5 yrs and get $100 less. At least i can use the time for meaningful stuff.

Last time got 1 medic (NSF) start part-time @ night, when he ORD, he also got his degree. Power.. making full use of his NS time.

[littlegenie]

govt give you more than $300 is it :cheer:
Nobody complains lah... It is kopi talk

Complaining about the GST increase. Not the rebate payout.. :knock1:

[miniUltraman]

:knock1: :knock1:

haiz... dun complain lah.. .at least guys get 100 more lor...

YES!!! guys can get 100 more.. woo hooo.. and they give us 2.5 years free food and lodging.. where to find :cheer:

[XXXcat]

YES!!! guys can get 100 more.. woo hooo.. and they give us 2.5 years free food and lodging.. where to find :cheer:

but i think regular dun have. my hubby only get $200 lor.. :knock1: :eek:

[miniUltraman]

but i think regular dun have. my hubby only get $200 lor.. :knock1: :eek:

That is because regular already earn enough :cheer: They are serving their career anyway... so.. :happy1:

[XXXcat]

That is because regular already earn enough :cheer: They are serving their career anyway... so.. :happy1:


hai so sad.. though i have more $$.. he gave me lor.. :victory:

[piggyxiaozhu]

envy leh!!!!!!!! :grin:

[miniUltraman]

envy leh!!!!!!!! :grin:

sister... $100 only no need envy until like that leh :happy1:

[harrynkl]

but i think regular dun have. my hubby only get $200 lor.. :knock1: :eek:

me too, work so hard for big unlce and get this less rebate with one mth bonus only :mad2: :mad:

[TATBOO]

me too, work so hard for big unlce and get this less rebate with one mth bonus only :mad2: :mad:

think u get better paid & bonus in private company. no need do duty, free & easy

[piggyxiaozhu]

sister... $100 only no need envy until like that leh :happy1:

$100 leh.... i poor unemployed personel now leh.... :rofl:

[miniUltraman]

$100 leh.... i poor unemployed personel now leh.... :rofl:

huh.. so cham arh.. :( nevermind ask Harry treat you makan :cheers: he sure don't mind

[harrynkl]

huh.. so cham arh.. :( nevermind ask Harry treat you makan :cheers: he sure don't mind

:thumbsup: :cheers:

[harrynkl]

think u get better paid & bonus in private company. no need do duty, free & easy

yes still consider of it, no credit given oso

i dun mind a lower paid job but the management is important

[miniUltraman]

:thumbsup: :cheers:

Can treat me oso not :happy1:

[miniUltraman]

yes still consider of it, no credit given oso

i dun mind a lower paid job but the management is important

lower paid job how to buy buy buy... :grin: (Given that 5D is next on your line :clap2: )

[piggyxiaozhu]

WAHAHAHAHA

harry come here treat everyone sia.... :clap2: :clap2:

[miniUltraman]

WAHAHAHAHA

harry come here treat everyone sia.... :clap2: :clap2:

aiya.. ask him treat u.. he so happy.. I mention treat me oso.. he kept quiet leow :(

[harrynkl]

aiya.. ask him treat u.. he so happy.. I mention treat me oso.. he kept quiet leow :(

i treat u to treat her :happy1: u got say mah.... u want roast pig:happy1: oopps.....

[harrynkl]

lower paid job how to buy buy buy... :grin: (Given that 5D is next on your line :clap2: )

tat is 5D MK II with 10 fps, livefeed and DIGI 3 processer

[miniUltraman]

tat is 5D MK II with 10 fps, livefeed and DIGI 3 processer

Skip the 5D... got for 1DMIII :cheer:

[miniUltraman]

i treat u to treat her :happy1: u got say mah.... u want roast pig:happy1: oopps.....

ROASTED Piggyxiaozhuzhu :happy1:

[harrynkl]

ROASTED Piggyxiaozhuzhu :happy1:

u insult piggy:knock1:

[harrynkl]

Skip the 5D... got for 1DMIII :cheer:

i not a pro of MK III, i getting 1Ds soon instead but without the 's":grin: hear there some firmware problem that why the delay

then 5D by end yr soon if kana 4D

[Static]

i not a pro of MK III, i getting 1Ds soon instead but without the 's":grin: hear there some firmware problem that why the delay

then 5D by end yr soon if kana 4D

Wahahah ur camp got internet one har ? The rules so relax liao ?

[miniUltraman]

Wahahah ur camp got internet one har ? The rules so relax liao ?

yeah.. camp should bar access to sgshoot :happy1:

[miniUltraman]

u insult piggy:knock1:

piggy is piggyxiaozhu... I say piggyxiaozhuzhu.. not referring her lah :grin:

[TATBOO]

piggy is piggyxiaozhu... I say piggyxiaozhuzhu.. not referring her lah :grin:

then who u refering too? :knock1: :knock1:

[miniUltraman]

then who u refering too? :knock1: :knock1:

nobody arh.. refer to a ROAST pigglet lor sounds nicer in chinese.. piggy小猪猪 lor :victory: don't complicate things leh :clap2: later I kenna humtum on the streets oso dunno what happen

[lionking]

i used it to pay my insurance.. :clap2: