You can see that the % for each tier had been reduced for tax assessment year 2012. I noticed that there's more breakdown of the tax bracket between 40k to 160k too. The result would be less tax for everyone, but more so for the lower income bracket percentage-wise. This year, I paid lower taxes than the year before. Firstly, I earned less than the previous year. This is most likely due to the many interruptions that the wedding had forced upon me. The wedding I had last year coincided with my peak season, so the drop in income is understandable. The second reason is that there's this 20% 'ah-gong' discount to the tax ......
