Personal Finance
Double your income but not double your income tax.
By A Singaporean Stockmarket Investor (ASSI)  •  May 17, 2014
This new blog post has an old theme and that is how we can pay less income tax even as we increase our income. I have received my income tax notice of assessment. Tax payable: $1,606.02. This is much more than what I paid last year which was $1,133.23. About 41.7% more, in fact! Why is this so? It has to do with the missing generous income tax rebate which was given in the year before. Well, considering that my income in 2013 was almost twice as much as my income in 2012, $1,606.02 is not too much to pay, I suppose.
How is such a low income tax possible? After all, someone who makes $250,000 per annum would very likely have to pay an income tax of more than $20,000, wouldn't he? OK, regular readers can skip the following pointers but if you are new to my blog, here are a few things you can consider doing: ......
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By A Singaporean Stockmarket Investor (ASSI)
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