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RE: Trump's Islamic Businesses starting to crumble - 12/12/2015 4:09:31 PM

freedomdwarf1

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quote:

ORIGINAL: thompsonx

ORIGINAL: Greta75

They don't believe his capable of making that happen and they believe his just saying things to win votes. You miss the point that, they aren't outrage about it at all, that's because, they are used to our government saying straight forward things about Islam too. And learnt to recognise that, it's not against Muslims, but coming from pragmatic grounds of keeping harmony and safety of the country.
They aren't in denial that, there are issues in their religion they need to fix.

Or perhaps they would go anyplace to get out of that third world shit hole called singapore with it's 40% tax rate/extortion

Perhaps you need to look at Singapore's tax rates: for 2017 the tax rate will be raised to 22%.

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RE: Trump's Islamic Businesses starting to crumble - 12/13/2015 12:47:13 PM

thompsonx

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ORIGINAL: freedomdwarf1

ORIGINAL: thompsonx

ORIGINAL: Greta75

They don't believe his capable of making that happen and they believe his just saying things to win votes. You miss the point that, they aren't outrage about it at all, that's because, they are used to our government saying straight forward things about Islam too. And learnt to recognise that, it's not against Muslims, but coming from pragmatic grounds of keeping harmony and safety of the country.
They aren't in denial that, there are issues in their religion they need to fix.

Or perhaps they would go anyplace to get out of that third world shit hole called singapore with it's 40% tax rate/extortion

Perhaps you need to look at Singapore's tax rates: for 2017 the tax rate will be raised to 22%.

If you would follow the links previously provided you would not spend so much time with your foot in your mouth and your head up your ass. The basic tax rate is 40%. The govt calls it an enforced savings plan but the "savers" can not take their money out of savings because the fascist govt uses it to invest in the market. This allows that third world shit hole to buy all sorts of expensive military hardware from usa war toy manufacturers.

http://thediplomat.com/2015/03/singapores-defense-budget-climbs-5-7-percent/

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RE: Trump's Islamic Businesses starting to crumble - 12/13/2015 1:23:14 PM

freedomdwarf1

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I looked at several official Singapore web sites.
They all say basic tax rate is 20% to be increased to 22% in 2017.
According to the official IRAS site, it starts from zero and even at $80,000 is still only 8.5%.
Businesses to pay as little as 15% in some categories.
And there's up to 50% tax rebate for residents.
To reach the 22% tax rate you need to be earning $320,000+
And, even as an employee, you can claim personal expenses for your employment (even travel expenses) against your tax.

As for the 'enforced savings' you refer to (CPF), the person gets that back at retirement with profits.
Sure, it's not really liquid-asset savings as such but actually a pension scheme.
From this US website: "whatever was put into the Central Provident Fund by or for a member was guaranteed returnable to that person with interest."
So, unlike the US, you don't need a separate private pension system where the extra money goes to pay dividends, salaries and profits to private businessmen, it goes back to the state to help pay for social housing and other benefits.
And yes, they get their invested money back - it's not lost money like income tax.
So you're wrong to say they can't take their 'savings' out because it's not a savings account - they get it back, with interest, as a pension.

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RE: Trump's Islamic Businesses starting to crumble - 12/13/2015 3:03:53 PM

thompsonx

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ORIGINAL: freedomdwarf1

I looked at several official Singapore web sites.
They all say basic tax rate is 20% to be increased to 22% in 2017.
According to the official IRAS site, it starts from zero and even at $80,000 is still only 8.5%.
Businesses to pay as little as 15% in some categories.
And there's up to 50% tax rebate for residents.
To reach the 22% tax rate you need to be earning $320,000+
And, even as an employee, you can claim personal expenses for your employment (even travel expenses) against your tax.

As for the 'enforced savings' you refer to (CPF), the person gets that back at retirement with profits.
Sure, it's not really liquid-asset savings as such but actually a pension scheme.
From this US website: "whatever was put into the Central Provident Fund by or for a member was guaranteed returnable to that person with interest."
So, unlike the US, you don't need a separate private pension system where the extra money goes to pay dividends, salaries and profits to private businessmen, it goes back to the state to help pay for social housing and other benefits.
And yes, they get their invested money back - it's not lost money like income tax.
So you're wrong to say they can't take their 'savings' out because it's not a savings account - they get it back, with interest, as a pension.

The data you posted is twenty five years old.
The singapore dollar is worth .71 cents usa.
You work for 45 years and the govt takes 40% for cpf.
On top of this you pay @20% income tax.
At age 67 the money you had extorted from you is used to subsidize an anuity.
The average llifespan of a singaporean is 82 years.
The cost of living in singapore is the 8th highest in the world ahead of the uk #9 the usa#25.
Half of the ountry would leave if they could.
Twenty percent of the country is immigrant labor not citizens.
Only a few thousand people seek and acquire citizenship those are mostly retires.
Only about a half million of the 5.3 million citizens are immigrants.
Phoque me running. Does your government take over 60% of your pay and give you phoque all in return?
https://www.cpf.gov.sg/Members/Schemes/schemes/retirement/retirement-sum-scheme
http://www.numbeo.com/cost-of-living/rankings_by_country.jsp

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RE: Trump's Islamic Businesses starting to crumble - 12/13/2015 3:32:43 PM

freedomdwarf1

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The data I quoted came from the OFFICIAL IRAS website for 2016-17 figures.
The US website is old.. yes. I agree.
But the official IRAS website is current and up to date.

They still have the same CPF - it's a pension scheme, not a savings account.
They can also apply for tax relief from contributions too!

To say it's a compulsory savings scheme that they can't get their money from is bullshit.

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RE: Trump's Islamic Businesses starting to crumble - 12/13/2015 3:40:45 PM

thompsonx

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Kewel... your opinion trumps those links...have a nice day

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RE: Trump's Islamic Businesses starting to crumble - 12/13/2015 3:43:57 PM

freedomdwarf1

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Read the links I gave. They are current.
It's not my opinion either. It is fact.

But of course you like to twist words to mean what they don't.
Your so-called savings scheme is a pension scheme. FACT.

Try phoqing reading!

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RE: Trump's Islamic Businesses starting to crumble - 12/13/2015 5:06:49 PM

thompsonx

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The site I posted is quite clear that they do not get their money back, they get an anuity that is secured by the money that the govt has extorted from them. It list how much money the anuity pays and it clearly is not equal to the cost of living in singapore.
Had you take the time to actually read the whole thing.
Now if you wish to stamp your foot and claim what you wish please do so.
It is a third world shit hole that extorts more than half of your wages and gives you little in return.
Now if you think it is such a good deal you are free to immigrate.
But please do not be pissing on my leg and telling me it is raining.

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RE: Trump's Islamic Businesses starting to crumble - 12/14/2015 1:53:23 AM

Greta75

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quote:

ORIGINAL: thompsonx

The site I posted is quite clear that they do not get their money back, they get an anuity that is secured by the money that the govt has extorted from them. It list how much money the anuity pays and it clearly is not equal to the cost of living in singapore.
Had you take the time to actually read the whole thing.
Now if you wish to stamp your foot and claim what you wish please do so.
It is a third world shit hole that extorts more than half of your wages and gives you little in return.
Now if you think it is such a good deal you are free to immigrate.
But please do not be pissing on my leg and telling me it is raining.

We do get our guaranteed money back, thompson, you are seriously just in denial that you are wrong now.
It's impossible for the money not to be returned. There is no situation where you can't get the money back. You just can't take out the money whenever you want it, and use it like an ATM, otherwise, that defeats the purpose of savings.
Have you ever heard of endowment plans? Singaporeans voluntarily buy these plans, where their money can't be withdrawn until 20 or 30 years later. The idea of saving for retirement is to put it somewhere, where when you get the urge to spend it, you can't touch it! That's the whole philosophy.

< Message edited by Greta75 -- 12/14/2015 1:55:30 AM >

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RE: Trump's Islamic Businesses starting to crumble - 12/14/2015 8:30:43 AM

thompsonx

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ORIGINAL: freedomdwarf1

The data I quoted came from the OFFICIAL IRAS website for 2016-17 figures.
The US website is old.. yes. I agree.
But the official IRAS website is current and up to date.

Those are income tax rates and not the cpf.

They still have the same CPF - it's a pension scheme, not a savings account.
They can also apply for tax relief from contributions too!

To say it's a compulsory savings scheme that they can't get their money from is bullshit.

The cites I listed show how much money the average worker makes in singapore. Take 40% of that for 45 years with interest. Compare that with the average amount that the workers recieve on retirement and multiply that by the average amount of time they will live after retirement.
The cite makes it clear that there is not a lump sum settlement at retirement but rather a monthly stipend till death.
The govt forces the worker to put the money into the cpf. The government buys an anuity from "itself" to pay the retired worker their monthly stipend. When the retiree dies the annuity reverts to the govt. entity that issued it.

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RE: Trump's Islamic Businesses starting to crumble - 12/14/2015 8:33:42 AM

thompsonx

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ORIGINAL: Greta75

ORIGINAL: thompsonx

The site I posted is quite clear that they do not get their money back, they get an anuity that is secured by the money that the govt has extorted from them. It list how much money the anuity pays and it clearly is not equal to the cost of living in singapore.
Had you take the time to actually read the whole thing.
Now if you wish to stamp your foot and claim what you wish please do so.
It is a third world shit hole that extorts more than half of your wages and gives you little in return.
Now if you think it is such a good deal you are free to immigrate.
But please do not be pissing on my leg and telling me it is raining.

We do get our guaranteed money back, thompson, you are seriously just in denial that you are wrong now.

Is that why the cite shows the monthly amount you get? Where does it show you can take all of your money and put it in your pocket and leave?

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RE: Trump's Islamic Businesses starting to crumble - 12/14/2015 8:56:34 AM

Greta75

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quote:

Is that why the cite shows the monthly amount you get? Where does it show you can take all of your money and put it in your pocket and leave?

If you choose to denounce your citizenship, you can certainly take all your money and leave anytime.

Yes there is calculator in the CPF website on how much of your money you are paid every month, and if you die, 100% that is left in that account goes to who-ever you bequest it to.

Every single cent where our money gets spent on or goes to is accounted for. We get a full statement every year and we can access to monitor our account online real time, at any time of the year.

If you forgotten, we also use this money to pay our mortgage, our education, our kid's education, our healthcare, our parent's and children's healthcare, our nursing home care, even our lawyer fees for mortgage related stuffs and for investment in stock and shares. So money does come out for specific purposes. We can also use this money to pay for life insurance and health insurance for ourselves and for our kids. We can also use it to buy Annuity. There is always alot of activity going on in this account. And we have access to our money with zero issues for all these approved expenses.

I am only in my 30's and I have fully paid my mortgage thanks to the 40% contributed to this account which I invest in my home. I've used it to pay for my lawyer's fee, even for refinancing of my bank housing loan to get lower interest, this account paid for the transaction and lawyer fees involved. I'm quite happy with that. And money in this account earns guaranteed much higher interest than the banks. I'm happy with it.

So if you want to insist this is Tax, then let me ask you which government in the world is so kind to let you use your tax money to pay for your own mortgage, education, even use it for your kid's education and their health insurance. I'd say, that's pretty cool tax that I'm paying. It grows me money.

< Message edited by Greta75 -- 12/14/2015 9:09:35 AM >

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RE: Trump's Islamic Businesses starting to crumble - 12/14/2015 10:32:54 AM

thompsonx

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ORIGINAL: Greta75

Is that why the cite shows the monthly amount you get? Where does it show you can take all of your money and put it in your pocket and leave?
]
If you choose to denounce your citizenship, you can certainly take all your money and leave anytime.

For the person who claims to have gone to the best school system in the world where english is manditory you should know the difference between denounce and renounce.
I did not say leave the country (although I have posted a cite where if given the opportunity over half of the citizens of singapore would leave) I was referencing leaving the bank with your money.
I am afraid I missed the part where one can have all of their money in cash when they retire if they choose. Perhaps you could help us all out and show us where it says that?

Yes there is calculator in the CPF website on how much of your money you are paid every month, and if you die, 100% that is left in that account goes to who-ever you bequest it to.

I must have missed that part too...would you be so kind as to show me?

Every single cent where our money gets spent on or goes to is accounted for. We get a full statement every year and we can access to monitor our account online real time, at any time of the year.

If you forgotten, we also use this money to pay our mortgage,

Would that be the government subsidized mortgage you claim is free enterprise?

our education, our kid's education, our healthcare, our parent's and children's healthcare, our nursing home care, even our lawyer fees for mortgage related stuffs and for investment in stock and shares. So money does come out for specific purposes. We can also use this money to pay for life insurance and health insurance for ourselves and for our kids. We can also use it to buy Annuity. There is always alot of activity going on in this account.

So it would appear that the vaunted "universal health care" of singapore is not sufficient to actually cover all of ones health care needs.

And we have access to our money with zero issues for all these approved expenses.

Approved expenses seem to be those expenses that go back to the nazi government in that third world shithole.

I am only in my 30's and I have fully paid my mortgage thanks to the 40% contributed to this account which I invest in my home.

Was that one of the 10% of free market mortgages or the 90% that are government subsidized?

I've used it to pay for my lawyer's fee, even for refinancing of my bank housing loan to get lower interest, this account paid for the transaction and lawyer fees involved. I'm quite happy with that. And money in this account earns guaranteed much higher interest than the banks. I'm happy with it.

According to the goverment site I posted the cpf pays market rate.

So if you want to insist this is Tax, then let me ask you which government in the world is so kind to let you use your tax money to pay for your own mortgage, education, even use it for your kid's education and their health insurance.

You might want to look into what quadaffi duck did for his people in lybia. Another dictator for sure but somewhat different in how he spent the money.

16 Things Libya Will Never See Again

By Saya on October 24, 2011in News

1.There is no electricity bill in Libya; electricity is free for all its citizens.
2.There is no interest on loans, banks in Libya are state-owned and loans given to all its citizens at zero percent interest by law.
3.Having a home considered a human right in Libya.
4.All newlyweds in Libya receive $60,000 dinar (U.S.$50,000) by the government to buy their first apartment so to help start up the family.
5.Education and medical treatments are free in Libya. Before Gaddafi only 25 percent of Libyans were literate. Today, the figure is 83 percent.
6.Should Libyans want to take up farming career, they would receive farming land, a farming house, equipments, seeds and livestock to kickstart their farms are all for free.
7.If Libyans cannot find the education or medical facilities they need, the government funds them to go abroad, for it is not only paid for, but they get a U.S.$2,300/month for accommodation and car allowance.
8.If a Libyan buys a car, the government subsidizes 50 percent of the price.
9.The price of petrol in Libya is $0.14 per liter.
10.Libya has no external debt and its reserves amounting to $150 billion are now frozen globally.
11.If a Libyan is unable to get employment after graduation the state would pay the average salary of the profession, as if he or she is employed, until employment is found.
12.A portion of every Libyan oil sale is credited directly to the bank accounts of all Libyan citizens.
13.A mother who gives birth to a child receive U.S.$5,000.
14.40 loaves of bread in Libya costs $0.15.
15.25 percent of Libyans have a university degree.
16.Gaddafi carried out the world’s largest irrigation project, known as the Great Manmade River project, to make water readily available throughout the desert country.

http://countrystudies.us/libya/55.htm

I'd say, that's pretty cool tax that I'm paying. It grows me money.

If you are one of the 48% of singapore citizens who do not want to leave that third world shithole, then please stay there.

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RE: Trump's Islamic Businesses starting to crumble - 12/14/2015 10:36:36 AM

tj444

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quote:

ORIGINAL: Greta75

quote:

ORIGINAL: tj444
ummm... How can they visit the US when he becomes Prez and bans them (Muslims) from entering???

They don't believe his capable of making that happen and they believe his just saying things to win votes. You miss the point that, they aren't outrage about it at all, that's because, they are used to our government saying straight forward things about Islam too. And learnt to recognise that, it's not against Muslims, but coming from pragmatic grounds of keeping harmony and safety of the country.
They aren't in denial that, there are issues in their religion they need to fix.

if dumb Americans vote him in as Prez and want Muslims banned, he will do it and the other politicians kissing his hand/feet will help him do it..

Its not actually that hard to do, just ban anyone from entry that was born or visited certain countries (which is happening now anyway).. that will ban Muslims (as well as other religions) without singling out banning Muslims.. sorta a PC way of doing it..
http://www.latimes.com/nation/la-na-visa-waiver-20151207-story.html

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RE: Trump's Islamic Businesses starting to crumble - 12/14/2015 7:09:24 PM

Greta75

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Thompson,

I seriously do not know what shit article you are reading about Singapore. If you are saying so many people want to leave Singapore, then why haven't they leave? If they choose to give up being a Singaporean, as dual citizenship is not possible in our country, they can cash out their entire CPF and leave. It's so simple.

If they choose to stay, there is forced retirement account, that they need to maintain, with approved expense.

I ask you which government allow them to spend their tax money. What you show is socialism. Not having an account with their own money inside, and being able to use it for important expenses like education, health and roof and investments. Libya pooling money together to spend on whole country things and they do not get their leftover money back, we do. Whatever we contributed to CPF is the amount we have to use, if we want everything back, we simply don't spend it and just let it sit and grow.
https://www.cpf.gov.sg/members

You stroll and look at check your account which is our real time online statement, but it's like a bank account, where you need your own individual password and OTP to access and there is a calculator there. Happy browsing.

Thompson, whether it is government flat or private condominium, both are only 99 years leasehold. So what difference does it make? So you can buy a 1.2mil 99 year leasehold from the private developers, or you can buy a 600k 99 year leasehold from the government without all the frills and gated community.

The difference is, private developers condominium has more facilities, like gyms, swimming pools, tennis courts, basketball courts, etc etc that is exclusive to that gated estate. But on top of the mortgage you pay, there is still a monthly maintanence fee for the facilities, which usually is about $350 per mth.

BTW, here is the article that shows our GPD per Capital beating the US. This is achieved in 50 years BTW.

And here is another article that explains what we value.

To Western ears, the claim that an autocratic state can govern more effectively than a democratic one sounds heretical.
But in the case of Singapore, it is hard to deny that the nation Lee built has for five decades produced more wealth per capita, more health, and more security for ordinary citizens than any of his competitors.

A child born in the United States has three times the chance of dying in infancy of one in Singapore.

A citizen is 24 times more likely to be murdered in the United States than in Singapore

And in 2012, less than 1 percent of Singaporeans reported that they struggled to afford food or shelter, by far the lowest percentage in the world.

In current dollars, the average Singaporean’s income grew from $500 a year in 1965 to $55,000 today

I'd say, to increase income of the citizens is a good job and I believe that is what the US people would like of their future President now. That's why all the minimum wage debates! We did it without minimum wage.

As our founder said: "You take a poll of any people. What is it they want? The right to write an editorial as you like? They want homes, medicine, jobs, schools."

And his right. And he delivered.

< Message edited by Greta75 -- 12/14/2015 7:42:19 PM >

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RE: Trump's Islamic Businesses starting to crumble - 12/14/2015 7:36:29 PM

Greta75

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quote:

ORIGINAL: tj444
Its not actually that hard to do, just ban anyone from entry that was born or visited certain countries (which is happening now anyway).. that will ban Muslims (as well as other religions) without singling out banning Muslims.. sorta a PC way of doing it..
http://www.latimes.com/nation/la-na-visa-waiver-20151207-story.html

From what I understand. A President in the US cannot just do what he likes. He needs to gather enough votes to put it through first. And I don't think any of the republicans even agree with his ban all Muslims plan. And clearly all the democrats oppose it, so it's not like as President, you have full power to be dictatorial about it.
Anyway, that article you posted, what they are doing is only in the right direction. We do the same for people who travelled to countries with airbourne infectious diseases to protect our people, why not do the same to protect our people from terrorists.

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RE: Trump's Islamic Businesses starting to crumble - 12/15/2015 8:31:00 PM

thompsonx

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ORIGINAL: Greta75

Thompson,

I seriously do not know what shit article you are reading about Singapore.

All one need do is click on the link provided If you choose to keep your head up your ass and not read that would be your choice

If you are saying so many people want to leave Singapore, then why haven't they leave?

The article cited pointed out that they would if they could. They cant because the government has all of their money in the cpf.

If they choose to give up being a Singaporean, as dual citizenship is not possible in our country, they can cash out their entire CPF and leave. It's so simple.

Thus far you have failed to show us just here in the law that is stated.

I ask you which government allow them to spend their tax money.

The personal tax rate in lybia is 10%.

What you show is socialism. Not having an account with their own money inside, and being able to use it for important expenses like education, health and roof and investments

Had you bothered to read the posted data those things are paid for by the govt from the oil revenues.

Libya pooling money together to spend on whole country things and they do not get their leftover money back, we do.

They are not pooling the money. The money to pay for all of those things comes from the oil revenues. The govt stash is 5 times what the cpf is

Whatever we contributed to CPF is the amount we have to use, if we want everything back, we simply don't spend it and just let it sit and grow

Show us the law that says you can have all of your money in cash

Thompson, whether it is government flat or private condominium, both are only 99 years leasehold. So what difference does it make? So you can buy a 1.2mil 99 year leasehold from the private developers, or you can buy a 600k 99 year leasehold from the government without all the frills and gated community.

No the diference is that 90% of the mortgages in singapore are govt subsidies only 10% are private enterprise.

The difference is, private developers condominium has more facilities, like gyms, swimming pools, tennis courts, basketball courts, etc etc that is exclusive to that gated estate. But on top of the mortgage you pay, there is still a monthly maintanence fee for the facilities, which usually is about $350 per mth.

No the diference is socialism vs free enterpirse.

BTW, here is the article that shows our GPD per Capital beating the US. This is achieved in 50 years BTW.

That is a blog where as the cite I provided is from the world bank showing that third world shithole is #30 something behind nigeria and south africa an the usa.

In current dollars, the average Singaporean’s income grew from $500 a year in 1965 to $55,000 today

This site says that the average salary in singapore is $3500 singapore dollars per month., minus the cpf that is less than $13.50@ hour usa.

https://www.workingabroad.net/country-profiles/singapore/wages-and-taxes/
http://www.businessinsider.com/average-annual-hours-worked-for-americans-vs-the-rest-of-the-world-2013-8

< Message edited by thompsonx -- 12/15/2015 8:39:52 PM >

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RE: Trump's Islamic Businesses starting to crumble - 12/16/2015 12:03:14 AM

epiphiny43

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Interesting choice of cites.
Google immediately gets a Singapore publication detailing the most recent stats: http://www.straitstimes.com/singapore/12-interesting-trends-about-singapore-household-income-and-spending.
Singapore Monthly average family income is listed by those criteria as $10,503. Quite a well to do shithole. This is Above most areas of Hawaii, the most expensive state in the Union. As our income is down about #14 among US states, Singapore people are enjoying a better standard of living than Hawaii. Pretty impressive boot strapping, considering the state of affairs post-WWII.

ACTUAL world bank stats, not some blog's version. http://databank.worldbank.org/data/download/GNIPC.pdf
Gross national income per capita: Rank:
USA, #14, $55,200.
Singapore #15, $55,150.
South Africa, #108, $6800.
Nigeria, #151, $2,970.

< Message edited by epiphiny43 -- 12/16/2015 12:13:15 AM >

(in reply to thompsonx)

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Post #: 38

RE: Trump's Islamic Businesses starting to crumble - 12/16/2015 2:55:41 AM

Greta75

Posts: 9968
Joined: 2/6/2011
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quote:

ORIGINAL: thompsonx
The article cited pointed out that they would if they could. They cant because the government has all of their money in the cpf.

Your source really sucks. It clearly states here if they want to leave Singapore, they can take all their money out.
https://www.cpf.gov.sg/Members/Schemes/schemes/other-matters/cpf-withdrawals-on-other-grounds#Item1699

quote:

They are not pooling the money. The money to pay for all of those things comes from the oil revenues. The govt stash is 5 times what the cpf is

Which makes us even more impressive, since we have zero natural resource like oil to give us free money for our people.

quote:

No the diference is that 90% of the mortgages in singapore are govt subsidies only 10% are private enterprise.

This was our solution to ensure 80% home ownership and give roof to everybody. Whether it's government or private, it's my own place for 99 years that I rent out to earn an income, sell it for profit or just live in it with a peace of mind of having my own home. So that's great!

quote:

No the diference is socialism vs free enterpirse.

The housing is not free, so it's definitely not socialism. I heard socialist countries like Russia give total free housing from a Russian anyway. She claim as a single mom, she got housing from the government for free, and it's a place of her own. That's socialism.

quote:

BTW, here is the article that shows our GPD per Capital beating the US. This is achieved in 50 years BTW.

That is a blog where as the cite I provided is from the world bank showing that third world shithole is #30 something behind nigeria and south africa an the usa.

If you want to go around US, telling everyone Singapore is a shithole, be my guest, go ahead, you'd just get laugh at. Anybody who has visited Singapore knows it's not a shithole. Those who think Singapore is in China will probably think it's a shithole.

quote:

This site says that the average salary in singapore is $3500 singapore dollars per month., minus the cpf that is less than $13.50@ hour usa.

$3500*13+ additional 20% = $54,600

I use 13, because, I don't know if this happen in US, but all Singaporeans get paid 13 monthly wage in a year, and not 12. We call it a 13th month bonus. Secondly, 20% of CPF contribution is from employer, additional to what your salary is. They cannot deduct it from the salary they promise, it must be over and above, additional that they are throwing it in.

So yea, I'd say, pretty accurate. CPF is not tax but 100% refundable and useable money. So it's your money. Not tax.

< Message edited by Greta75 -- 12/16/2015 2:59:58 AM >

(in reply to thompsonx)

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Post #: 39

RE: Trump's Islamic Businesses starting to crumble - 12/16/2015 9:07:28 AM

thompsonx

Posts: 23322
Joined: 10/1/2006
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ORIGINAL: epiphiny43

Interesting choice of cites.
Google immediately gets a Singapore publication detailing the most recent stats: http://www.straitstimes.com/singapore/12-interesting-trends-about-singapore-household-income-and-spending.
Singapore Monthly average family income is listed by those criteria as $10,503. Quite a well to do shithole. This is Above most areas of Hawaii, the most expensive state in the Union. As our income is down about #14 among US states, Singapore people are enjoying a better standard of living than Hawaii. Pretty impressive boot strapping, considering the state of affairs post-WWII.

ACTUAL world bank stats, not some blog's version. http://databank.worldbank.org/data/download/GNIPC.pdf
Gross national income per capita: Rank:
USA, #14, $55,200.
Singapore #15, $55,150.
South Africa, #108, $6800.
Nigeria, #151, $2,970.

Your link to the mouthpiece of the government of singapore does not work.
Rmember that the 55k figure for singapore is before the 40% cpf extortion racket.
The figures I posted for gdp come from the world bank, the imf and the u.n. Which show that third world shithole as #36,#38,#36. While at the same time showing places like nigeria and south africa higher on the list.
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

The cost of living figures I posted come from:
http://www.numbeo.com/cost-of-living/rankings_by_country.jsp

Showing singapore as the 7th highest cost of living in the world behind only switzerand,norway,iceland,u.s. virgin islands,austraia and denmark.

(in reply to epiphiny43)