Quote:
Originally Posted by Unregistered
Yeah in Sg, I make my money through investing in propertyand not so much from my salary. Made as a couple S$1.5 mil from propertyalready. Freehold landed esp if bought at a right time and price is very lucrative.
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Sg is investment haven.
No capital gains tax!
If I invest the retained earnings in my corporation,
Interest is taxed at 46% Dividends 38% capital gains 23%
If i pay myself everything as personal income the income
Above 200k is taxed at 46%!
I pay myself about 100k a year. Tax is around 25%.
But cost of living low enough to be very comfortable with 60k a year
In sg ia easier to become rich in my opinion.
But life is hard and will get harder faster for the kids.