[OFFICIAL][LIVE 18 Feb 3:30PM] The 9% GST Budget

[charleslee1989]

Ch 8 news just showed this.

For this family with 2 or 3 kids, father earns $3k income per mth. And they will get $11,860 in benefits.

Wah the 9.6K come from where wor?

 

[danguard]

Yup. Legit very hard.

oh wells

 

[danguard]

Wah the 9.6K come from where wor?

life is tough in here

 

[danguard]

Those earning < $34k/year now fall under poverty level

is it that high already

 

[matchy]

That's it


Time to introduce.... FOOD AND BEVERAGE TAX

 

[Soccerpunter888]

GST is essentially compounded tax across the entire supply chain. This is it...

 

[matrix05]

Hawker went from 3 to 3.50. That not 2% and it's pre GST.

 

[blackestvoid]

pls leegister chiurself as biz sho chiu can claim input tax

 

[kuatos]

from 7% to 9% is

（9-7）/7*100=28.6% increase

and if you use pappy maths, that is 30%

 

[sPacEmAn_sPiFf]

its okay. GST is good for the poor

 

[Schnitzel]

Wait for govt's chicken wing then no more complaints

 

[ment0smintz]

The poor and stupid and draft are 3 in one package. Give them a few more dollars of gst vouchers and they will applaud pap propaganda.

 

[GundamG]

you guys voted for it leh. pls dun complain.

 

[Xiao Sinkie]

GST is essentially compounded tax across the entire supply chain. This is it...

No it's not. Input tax vs output tax thanks.

 

[charsiewfan]

The recent increase is more like due to inflation and energy cost up (almost everything in the chain use energy)

 

[knoxville]

The poor and stupid and draft are 3 in one package. Give them a few more dollars of gst vouchers and they will applaud pap propaganda.

poor will always be poor and don't see bigger picture only the carrot in their face

 

[tankgunner]

well said TS

 

[hachi]

Correct... Is not the 2% is the compounding effect.. Remembered when gst up 5%.. The food we ate up around 25%.. Normal noodle from $2 to 2.50.

 

[Shion]

policymakers very satki, they help to smoothen the increase by 1% each for the next 2 consecutive years instead of increasing it by 2% at one go

end up businesses benefit from it as they can double up their prices twice in a row for the next 2 consecutive years

will be a nightmare for accounting and taxation as well

 

[Red dragon]

GST is essentially compounded tax across the entire supply chain. This is it...

Quite true. Flour price go up by 2% x noodle maker price go up by 2% x distributor price go up by 2%..... by the time it hits the hawker the price up from $3 to $3.50.... really kns