Compare Income (part 2) - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Compare Income (part 2)

Reply
 
Thread Tools
  #1 (permalink)  
Old 09-11-2007, 01:12 AM
Salary.sg
Guest
 
Posts: n/a
Default Compare Income (part 2)

You can consider this as the "feel good" version of our salary comparison calculator.

A reader requested that the comparison calculations include people who aren't required to pay taxes. Specifically, these are people whose annual income is $20,000 and below.

According to the Iras report, 691,441 Singapore residents were in the "non-taxable" group. This means that more than 48% of all the 1,436,512 assessed residents are not required to pay income tax for YA2006.

I had earlier excluded them not because they are "in a different league". The main reason is that I believe this group contains not only people who are gainfully employed, but also people who are between jobs and people who are transiting from employment to voluntary unemployment (e.g. homemakers), among others.

Anyway, I had thought it's always better to have the benchmarks higher than lower.

But I changed my mind.

The chart below shows the gap between the income percentiles when we include the non-taxable and when we exclude them. As you can see, in order to be at the 90th-percentile (i.e. beating 90% of the people), you need to make about $150k when you previously compare only with the taxable group, but now you just need $90k when you include the non-taxable.

Isn't statistics fun?



And here's the "feel good" version of the income comparison calculator:



http://www.salary.sg/2007/compare-income-part-2/

Reply With Quote
  #2 (permalink)  
Old 10-11-2007, 09:10 PM
at82---
Guest
 
Posts: n/a
Default 531



Actually I am just interested in income distribution of S'poreans who work. I am of the impression that the income gap is getting wider.

Reply With Quote
  #3 (permalink)  
Old 10-11-2007, 10:02 PM
admin---
Guest
 
Posts: n/a
Default 533

at82, the gap is widening. I don't think anyone disputes that.

Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How to be rich (part 2) Salary.sg Investments and Net Worth 5 08-09-2011 03:51 PM
Compare Your Income by Age & Gender Salary.sg Income and Jobs 37 11-11-2009 12:46 PM
Compare Your Household Income 2009 Salary.sg Income and Jobs 54 09-09-2009 09:26 AM
Compare Your Income Salary.sg Income and Jobs 2 30-10-2007 10:06 PM
Luck plays a part in income Salary.sg Income and Jobs 0 02-06-2007 11:14 AM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
5,594 Replies, 2,362,097 Views
Roles in accenture singapore ( 1 2 3... Last Page)
317 Replies, 238,827 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,144 Replies, 876,303 Views
Invest in D9 new condo
1 Replies, 951 Views
Compare civil service salary ( 1 2 3... Last Page)
9,558 Replies, 5,429,654 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,806 Replies, 1,054,109 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,971 Replies, 913,840 Views
Salary negotiation for fresh grads
9 Replies, 3,669 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,201 Replies, 1,854,248 Views
Career as Teacher ( 1 2 3... Last Page)
2,552 Replies, 1,544,766 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
909 Replies, 736,543 Views
List of Management Associate... ( 1 2 3... Last Page)
179 Replies, 126,062 Views
Q: Management Associate at SGX ( 1 2 3... Last Page)
44 Replies, 10,070 Views
Our Poll Results: 45% Fresh... ( 1 2 3... Last Page)
46 Replies, 20,780 Views
Please Share DBS Average Months...
6 Replies, 703 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3... Last Page)
226 Replies, 43,450 Views
Fresh Grad from local U cant find... ( 1 2 3... Last Page)
54 Replies, 9,586 Views
Do most MNCs pay better than the... ( 1 2 3)
25 Replies, 2,240 Views
Whats your net worth ( 1 2 3... Last Page)
2,704 Replies, 778,162 Views
Dentist Salary
6 Replies, 5,851 Views
Big Four Promotion/Bonus/Incr... ( 1 2)
14 Replies, 1,147 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
710 Replies, 340,314 Views
Mid-Year Civil Servant Bonus 2019 ( 1 2 3... Last Page)
1,437 Replies, 744,205 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,228 Replies, 230,619 Views
What house should I buy after... ( 1 2)
19 Replies, 8,141 Views
Insurance Management Associate... ( 1 2 3... Last Page)
58 Replies, 15,877 Views
Salary working for SEA FP&A...
6 Replies, 812 Views
Dsta ( 1 2 3... Last Page)
801 Replies, 532,005 Views
Singapore Land Authority
5 Replies, 871 Views
anyone working at NCS ? ( 1 2 3... Last Page)
344 Replies, 273,546 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:06 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2