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Income Percentile

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  #1 (permalink)  
Old 01-05-2007, 04:52 PM
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Default Income Percentile

[Update 30 Oct, 2007: the YA2007 version of the calculator.]

Wouldn't it be nice if you can "benchmark" your annual income against the general population in Singapore?

Enter your annual income to calculate your "Income Percentile":



The above calculator is based on the graph below, which shows Annual Income plotted against "Percentiles". It is based on data released by IRAS (see Income of Taxpayers Rising). For example, if you're making $100,000 per year (all in), you're at around the 83rd percentile.

Note that the data take into account only tax paying residents. Non-residents and those who don't pay tax (probably due to having income lower than $20,000 per annum) are not included in the data. So when you're "benchmarking" using the above calculator, you are actually comparing yourself with residents who are paying taxes.



http://www.salary.sg/2007/income-percentile/

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  #2 (permalink)  
Old 02-05-2007, 04:05 PM
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Default 4

Interesting! Is it calculated based on "working population" or "the entire population"?

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  #3 (permalink)  
Old 02-05-2007, 07:44 PM
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Default 5

It's calculated based on residents who filed their income taxes. So you're benchmarking against residents who are required to file tax. (Note that there are quite a number of people who do not need to submit tax returns.)

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Old 04-05-2007, 03:07 PM
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it doesnt have a large portion at zero dollar annual income so obviously it cannot be the entire population. -_-
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  #5 (permalink)  
Old 06-05-2007, 12:53 AM
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Default 12

congster, it does not cover the entire population.

The data covers only residents who filed their taxes. Those earning less than 20k (or so) are not required to file taxes.
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  #6 (permalink)  
Old 08-10-2007, 04:29 PM
mryang---
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Default 446

I'm at 1.9th Percentile, so what does that mean? I'm a low-paid donkey who doesn't have to file tax?
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Old 13-10-2007, 01:23 PM
Krzystof Gabornok---
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Default 463

So any idea how much money will the 500K earner has to pay for the tax in 2007? Any idea? Will he try anything to save paying painful tax while doing tax return?
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  #8 (permalink)  
Old 25-10-2007, 01:56 AM
admin---
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Default 492

Krzystof, the 500k earner has to pay $78,700 for tax.
Use the income tax calculator at:
http://www.salary.sg/2007/income-tax-calculator/
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  #9 (permalink)  
Old 25-09-2021, 07:23 PM
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wow interesting
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