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Budget 2008

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mike8057d
    14-Feb-2008 14:43  
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that's what I am hoping for
 
 
ten4one
    14-Feb-2008 14:08  
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The Budget must address inflation issues - maybe personal tax cuts. Cheers!
 
 
mike8057d
    14-Feb-2008 12:47  
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S'pore cuts 2008 growth to 4-6%
 

 
cyjjerry85
    14-Feb-2008 11:53  
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it will be announce 'live' on the web tomorrow at 3.30pm...think CNA channel will broadcast also
 
 
scotty
    14-Feb-2008 11:37  
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Every cent counts to me now.... 
 
 
mike8057d
    14-Feb-2008 09:04  
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aiyah...if the gahment wants to give, just take lah......will you reject them?  you will still have to pay up when they raise the GST, etc
 

 
Sporeguy
    12-Feb-2008 17:05  
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Don't forget, every new baby borned next door has to carry the burden of few K dollars debt. That is every new born nextdoor is already in debt.
 
 
Arbitrager
    12-Feb-2008 16:44  
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Hi limhpp,

guess you must be staying in expensive pte properties.. that's y.

ERS per person
Year
Annual Value of Your Home
Up to $10,000
(This includes almost all HDB flats)
Above $10,000
2003 $400 $200
2004 $400 $200
2005 $400 $200
Total $1,200

$600


$1000-2000 is based on the fact if 1 were to hold all the till march 2008, cos they give dividends based on the GDP growth.

ERS will earn tax-free dividends each year in the form of bonus shares, payable every year on 1 March from 2004 - 2008. The rate is a minimum guaranteed 3% + real GDP growth rate of the previous year.


Crediting Date
Dividend Rate (%)
ERS balance as at
1 March 2004
4.1
31 Dec 2003
1 March 2005
11.4
31 Dec 2004
1 March 2006
9.4
31 Dec 2005
1 March 2007
10.9
31 Dec 2006
 
 
limhpp
    12-Feb-2008 16:10  
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Arbitrager,

I don't remember getting 1000-2000 bucks. What we get is just a mere few hundred bucks. So the interest we pay is much more..........
 
 
Arbitrager
    12-Feb-2008 16:04  
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I rather they dun give any goodies this time round..

in economics, any current government spending is repaid by future taxation... and i believe we will have to pay back much much more than wat we get now..

give u 1 time off goodies, but in exchange for prolonged period of "repayment scheme". look at the ERS some time back we got in exchange for higher and higher GST and other hikes. how many % "interest" we pay back for the 1000-2000bucks we got.
 

 
mike8057d
    12-Feb-2008 15:08  
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agree
 
 
loyfam88
    12-Feb-2008 14:37  
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To encourage more kids. They should cut the income tax rate of working fathers or give more rebates to the fathers. Currently they only give incentives for mothers only!!! How many % of mothers earn income higher than the hubby?

The end result is as an entire family, they can have more savings. Not reduce tax on those who might not be paying taxes or already lower taxes.

 
 
 
mike8057d
    12-Feb-2008 14:30  
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my wish for Budget 2008...lower income tax
 
 
mike8057d
    12-Feb-2008 14:27  
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that is true....more and more South Korean are coming here to study...stepping stone to western countries.
 
 
jasonongsc
    12-Feb-2008 13:40  
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apart from rising cost of living, at least singapore is a safe place to live in. :)
 

 
jackjames
    12-Feb-2008 13:37  
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all i say is a true fact. .. ooppss..

okay, we shall close this discussion before it got fire..  <<zzziippp my mouth >>

 
 
 
mike8057d
    12-Feb-2008 13:33  
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jackjames....hahahaha, don't be labelled as undesired resident later.  Be careful.
 
 
novena_33
    12-Feb-2008 12:53  
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hey JJ...im not going there with this topic in the open..... hello i Smiley dont stay in next door ok..........like u.......

 

but i dont mind u pay me more....and u will be sure of that........Smiley

 
 
 
jackjames
    12-Feb-2008 12:30  
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mike8057d, i am not raising any politics issues here.

but again, i want to tell you that even sinagapore government invited us to become citizen , we also don't want.. u really hink those "extra charges" will lure us to become citizen meh? but again, newspaper always make comparison between citizen and PR.. the biggest advantage and cost difference is citizen can buy new HDB, aiyoo.. i tell u, how many singaporean can buy their dream HDB with good location, and good price, some people even also forced to enter the resale market..

others charges, we are rich enough to pay you more.

we are here to "compete" rice bowls with you guys, and we are good in that.. that is true... oppss.. hope not create any "bombs" later. else, novena_33 can help me to protect...
 
 
mike8057d
    12-Feb-2008 11:40  
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at least we Sporean (citizen) get some $$, those poor PRs (also pay taxes) don't get any....but still pay as much  
 
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