Quote:
Originally Posted by Husky
Hi John,
I am talking about combined income for households applying for flat. The current ceiling if 8K combined household income which I feel is a bit on the low side given that more than 30% of households are earning more than 8k.
My fiancee and I fall into the 8-10k income range. Under current regulations we are not able to apply for new flats. However if you do the maths, going private is a bit of a stretch. Hence my fustration.
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Yes, I get your point now. I also tried using this other comparison tool at
Compare your annual salary (2008) | Salary.sg - Your Salary in Singapore which I gather is using Iras official data.
Assuming no bonus, a 4k monthly (hence 48k annual) will put the person at "higher than 45.8% of all resident taxpayers."
So if both husband and wife make 4k, there are more than 50% households earning more than 8k. And I think the Iras data (and the above mentioned comparison tool) does not even include the people earning below 20k/year.