Quote:
Originally Posted by Kim91
More are earning these amount
http://www.channelnewsasia.com/mobil...e/1661918.html
Median monthly household income among resident employed households - a household headed by a Singapore citizen or Permanent Resident and with at least one working person - from work rose from S$7,870 in 2013 to S$8,290 in 2014.
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Median monthly income from each member of the household also rose from S$2,247 in 2013 to S$2,380 in 2014. This is an increase of 5.9 per cent in nominal terms, or 4.7 per cent in real terms.
This is more reflective of reality in singapore than household income. And that is provided every one do not under declare income tax. Though in europe and us, the income tax is even worse.
Think about in the US, in your lifetime, you can only give out $6.4M worth of gifts untaxable...