Chitchat 1.5mil sinkies earn less than $34k p.a

[k1976]

This is the executive summary of the current state of sg.
Oppie leaders need to bring this summary on table.

Blue is the new white.
Leemember?

 

[k1976]

Blue is the new white.
Leemember?

Right, Boss John?

 

[JohnTan]

For example, I know at least three successful SME towkays like @JohnTan who rent out their own property and rent a landed property/condo for their own family to stay. They declare the rented property for employee, or Home-Office and fully tax-deductible.

My landed property in Bukit Timah is owned by me, not rented. Most sinkies have made a fortune from rising property prices, be it HDB or private. You're upset because you fell through the cracks or missed the boat because you were so cocksure that PAP was going to ruin Singapore at least 30 years ago.

 

[jw5]

The measure of wealth and the ability to live comfortably is not annual income but net worth. You can have an annual income of $534K, but have $5,534K of debt, and you would still be living from hand to mouth.