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Feb 25, 2010
BUDGET 2010
Give us a break - increase personal tax relief
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THIS year's Budget was disappointing because it excluded tax breaks for individuals and families.
Personal relief for the taxpayer, his spouse and qualifying child relief deserved attention. The wife relief of $2,000 per year works out to about $5.50 per day.
The Finance Ministry should also have left the 20 per cent income tax rebate untouched, at least for this year.
Increasing the personal tax relief will put more cash in the hands of many cash-strapped breadwinners.
The Government will get some, if not much, of it back anyway via the goods and services tax.
While the economy may have brightened somewhat, middle-income earners are still struggling, especially with cashflow problems.
Andy Leong
BUDGET 2010
Give us a break - increase personal tax relief
<!-- by line --><!-- end by line -->
<!-- end left side bar --><!-- story content : start -->
THIS year's Budget was disappointing because it excluded tax breaks for individuals and families.
Personal relief for the taxpayer, his spouse and qualifying child relief deserved attention. The wife relief of $2,000 per year works out to about $5.50 per day.
The Finance Ministry should also have left the 20 per cent income tax rebate untouched, at least for this year.
Increasing the personal tax relief will put more cash in the hands of many cash-strapped breadwinners.
The Government will get some, if not much, of it back anyway via the goods and services tax.
While the economy may have brightened somewhat, middle-income earners are still struggling, especially with cashflow problems.
Andy Leong
