IRAS reported that in 2012, there are 4,222 taxpayers who earned more than S$1M each. And another 12,921 earned between S$500K to $1M. As of 2012, the population of Singapore is 5.312 million people. Therefore, only 0.0032% of the population earns above S$500K. There you go, this is a good perspective when we compare salaries.