tag:blogger.com,1999:blog-2511206895677357151.post8144388012976561928..comments2023-08-17T20:13:06.437+08:00Comments on The Itch To Write: Simple analogy on how tax-reduction are not helping the poorUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2511206895677357151.post-34593956267292749802008-09-30T10:29:00.000+08:002008-09-30T10:29:00.000+08:00you forgot the end of the story...the rich man doe...you forgot the end of the story...the rich man does not show up the next day to drink and the other 9 men don't have enough to pay the bill...the rich man decides to go drink oversees taking his wealth away.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2511206895677357151.post-27704869172468088052008-06-09T17:55:00.000+08:002008-06-09T17:55:00.000+08:00But the people in Singapore aren't getting free dr...But the people in Singapore aren't getting free drinks. Everyone's paying. <BR/><BR/>I guess a tax-reduction will help the poor if you follow the phrase "every little bit helps". A tax-reduction is still a tax-reduction. 7% GST reduced to 5% is still going to help the poor. <BR/><BR/>Sure the rich will benefit but at least the poor will spend lesser... Won't they?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2511206895677357151.post-87222515409359594302008-06-09T17:17:00.000+08:002008-06-09T17:17:00.000+08:00Interesting analogy. I hazard that you are referri...Interesting analogy. I hazard that you are referring to the one-off personal income tax rebate of 20% announced during this year's budget. It would indeed be accurate except for the fact that you did not take into account the cap on the 20% rebate on personal income taxes for YA 2008. This rebate is actually capped at $2000.<BR/><BR/>http://www.iras.gov.sg/irasHome/page03.aspx?id=6670<BR/><BR/>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2511206895677357151.post-83714058924411261922008-06-09T16:00:00.000+08:002008-06-09T16:00:00.000+08:00Nice analogy but some errors spotted...The poorest...Nice analogy but some errors spotted...<BR/><BR/>The poorest, since they originally did not pay anything, would have ZERO savings...not the 100% you had in your illustration...<BR/><BR/>You can't save on nothing :)Xtrocioushttps://www.blogger.com/profile/08846520633929127414noreply@blogger.com