This is great - high income folks should get taxed more, it's necessary and fairer than GST increases that may affect livelihoods of the lowest income folks.

Singapore Top Marginal Personal Income Tax Will Be Increased with Effect from the 2024

THE top marginal personal income tax will be increased with effect from the 2024 year of assessment,
Singapore Top Marginal Personal Income Tax Will Be Increased with Effect from the 2024

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  • DaisyMoore
    ·2022-02-19
    Taxes reduce the gap between the rich and the poor by adjusting people's income. In a sense, this is correct.
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  • EvelynHoover
    ·2022-02-19
    Perhaps high-income people are not very willing, but they have no other way. The tax law provides more protection for low-income people.
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  • NinaEmmie
    ·2022-02-19
    High income people pay more taxes to help the government better manage society. This is reasonable.
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  • ElsieDewey
    ·2022-02-19
    From the perspective of overall social welfare, this is the best choice.
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