Originally Posted by Unregistered

It is a wrong conclusion that 80% of Singapore are rich. Just look at the below data from IRAS and you can see the majority were in fact earning below $80k. And don't forget those who retired early and have no earned income but depending on their wives.

Where do you fit in?

For year ending 2014

Assessable Income. / No.of People
(Gross income less deductibles)

$1m and above / 4557
$500k to $1m / 14,757
$400k to $500k / 11,479
$300k to $400k / 24,268
$200k to $300k / 59,346
$150k to $200k / 70,315
$100k to $150k / 158,244
$80k to $100k / 120,538
$70k to $80k / 86,370
$60k to $70k / 115,089
$50k to $60k / 162,440
$40k to $50k / 224,042
$30k to $40k / 288,519
$25k to $30k / 136,256
$20k to $25k / 71,842
Below $20k - no tax.

Total no. of people : 1.548 m