Quote:
Originally Posted by Unregistered
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.
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This is not quite the appropriate analysis since there are infants, children and retired included. The same IRAS statistics shows that the total number of tax payers is just 1,307,273.
So actually 1.3% of taxpayers earn over $500K, certainly enough to participate in this forum