Sj Oh

09 Mar 2020

∙

If given a choice, would you rather pay high tax and enjoy substantial amount of school,healthcare or low tax and have expensive healthcare system?

Would love to hear everyone's thoughts on taxes and social welfare benefits

5

Discussion (5)

What are your thoughts?

Learn how to style your text

Andy Sim

09 Mar 2020

HR Professional at a Financial Institution

High tax and good health care, welfare benefits. Because not everyone knows how to put their money to better use, so citizens are sort of 'paying' for these better benefits

Reply

Save

Geraldo L.

09 Mar 2020

I would go for high taxes and low cost of welfare (healthcare, school, etc.) considering the progressive tax structure in Singapore and that the rise of medical inflation can be quite scary over the long run.

Reply

Save

Davin

09 Mar 2020

I would choose low tax and expensive health care system. I prefer to have option to have my own plan...

Write your thoughts

Related Posts

I would like to pay my school fees using my credit card but my credit card limit is $8K. Can I actually pay the full amount in a few installment using my credit card? ?

To SRS or not to SRS? Would I be better off paying the upfront taxes and simply investing cash and enjoying the tax-free dividends and capital gains?

When given a choice between full payment or pay by instalment without interest, which would be a better option? What are some considerations to take note of?

What is optimum income to enjoy tax savings to start contributing to SRS? And how would that amount change as we grow older at different life stages?

To Cathie: All AKR expense ratio is too high vs S&P500, is it still suitable for long term passive investing style when huge amount of your gains is paying for the fee?

Related Posts

I would like to pay my school fees using my credit card but my credit card limit is $8K. Can I actually pay the full amount in a few installment using my credit card? ?

To SRS or not to SRS? Would I be better off paying the upfront taxes and simply investing cash and enjoying the tax-free dividends and capital gains?

When given a choice between full payment or pay by instalment without interest, which would be a better option? What are some considerations to take note of?

What is optimum income to enjoy tax savings to start contributing to SRS? And how would that amount change as we grow older at different life stages?

To Cathie: All AKR expense ratio is too high vs S&P500, is it still suitable for long term passive investing style when huge amount of your gains is paying for the fee?