Quote:
Originally Posted by Unregistered
300k is not even 5% of the population. if you exclude the expats who are mostly earning >$100k you will prob get like ~3% of the population earning >$100k. $10k a month if include bonus needs total >$150k which probably takes off another 1%.
So we are talking about 1%-2% of the population who make $10k & above. In this unregistered forum, seems like >60% are claiming they make more than that. Smells like BS to me.
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Assessed Income Group Number of Taxpayers
S$ Tax Resident Non-Tax Resident4
20,000 & below - 19,907
20,001 - 25,000 66,410 1,705
25,001 - 30,000 121,292 1,334
30,001 - 40,000 270,703 1,837
40,001 - 50,000 207,250 1,180
50,001 - 60,000 148,420 844
60,001 - 70,000 107,135 576
70,001 - 80,000 79,742 411
80,001 - 100,000 108,754 555
100,001 - 150,000 140,914 618
150,001 - 200,000 61,029 246
200,001 - 300,000 53,623 186
300,001 - 400,000 22,535 58
400,001 - 500,000 10,639 25
500,001 - 1,000,000 13,714 33
1,000,001 & above 4,231 32
Total 1,416,391 29,547
going by the IRAS numbers
total earning 100k and above = 306685/1416391 = ~22%
so 1 in 5 are earning more than 100k per annum.
that's quite a number isn't it?