How many people made 6-figure salaries last year? - 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




How many people made 6-figure salaries last year?

Reply
 
Thread Tools
  #1 (permalink)  
Old 09-09-2008, 05:04 PM
Salary.sg
Guest
 
Posts: n/a
Default How many people made 6-figure salaries last year?

I remember reading somewhere that there are about 70,000 people making $100,000 or more last year. Well, that figure is wrong, at least according to the latest annual report from IRAS.

As usual, I analysed the most important appendix in the IRAS report and found that 154,714 assessed taxpayers took home a 6-figure salary last year.

Yes, exactly 153,779 resident taxpayers and 935 non-resident taxpayers made $100k or more. Together, they form 18% of the (assessed) taxpayer population.

In this group, each individual made an average of $237k last year.

The average net tax assessed for this group is about $25k, or more than $2,000 a month.

Are you paying $2,000 in income tax a month?

http://www.salary.sg/2008/how-many-p...ies-last-year/

Reply With Quote
  #2 (permalink)  
Old 10-09-2008, 09:29 AM
BT--
Guest
 
Posts: n/a
Default 2625

Are you referring to Business Times Weekend? If so, then maybe you remember wrongly. BT reported that 70,000 people were in the above-$150k bracket, which is correct based on the same IRAS appendix.

Reply With Quote
  #3 (permalink)  
Old 10-09-2008, 01:42 PM
ExOfficio--
Guest
 
Posts: n/a
Default 2627

153,779 resident taxpayers and 935 non-resident taxpayers made $100k or more.

153,779 like very few. Singapore residents seem to earn more...maybe underdeclaring?

Reply With Quote
  #4 (permalink)  
Old 10-09-2008, 03:55 PM
Dude--
Guest
 
Posts: n/a
Default 2629

If you earn more the $100k annually, I think you would easily qualify for PR-ship. Resident taxpayers include PR. That could account for the low the number of non-resident taxpayers.
Reply With Quote
  #5 (permalink)  
Old 11-09-2008, 01:08 PM
Ben--
Guest
 
Posts: n/a
Default 2634

I'm puzzled why only 820+k people are paying taxes....

This includes foreigners right?
Reply With Quote
  #6 (permalink)  
Old 11-09-2008, 03:28 PM
Low income--
Guest
 
Posts: n/a
Default 2641

To Ben: low-income earners are not even assessed for income tax. There are many low-income earners.
Reply With Quote

  #7 (permalink)  
Old 23-09-2008, 04:41 PM
Wealth Journey--
Guest
 
Posts: n/a
Default 2748

Income tax only discovers the one who earns six figures working..

there are also those getting six figures from investments that are not taxable.
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
Industries with Highest Proportion Earning 5-Figure Monthly Income Salary.sg Income and Jobs 23 06-08-2017 05:46 PM
Time to Job Hop, Happy New Year Salary.sg Income and Jobs 3 05-05-2016 08:49 PM
Beware of People who claim to have "Doctorates" Salary.sg Education and Personal Growth 23 11-07-2012 12:43 PM
Case Study 2 - How Engineer made Half Million Salary.sg Investments and Net Worth 4 10-02-2008 10:38 PM
6-figure a month for private banker? Salary.sg Income and Jobs 5 13-12-2007 10:20 AM

» 30 Recent Threads
Constituency Manager (People... ( 1 2 3... Last Page)
746 Replies, 381,796 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,714 Replies, 1,608,596 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,012 Replies, 435,719 Views
Job offer from Apple ( 1 2 3... Last Page)
120 Replies, 16,533 Views
Career as Teacher ( 1 2 3... Last Page)
1,840 Replies, 1,246,780 Views
MCI and IMDA ( 1 2)
17 Replies, 2,119 Views
Stat board tiers ( 1 2 3... Last Page)
47 Replies, 20,693 Views
Compare civil service salary ( 1 2 3... Last Page)
8,683 Replies, 4,891,396 Views
Freldo Staking*Program
0 Replies, 50 Views
Ways to increase income ( 1 2 3... Last Page)
39 Replies, 6,545 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,363 Replies, 508,364 Views
Work culture in CPF board ( 1 2)
19 Replies, 27,352 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
89 Replies, 121,033 Views
anyone working at NCS ? ( 1 2 3... Last Page)
309 Replies, 237,001 Views
Data Science Landscape in SG
0 Replies, 149 Views
Project management
0 Replies, 186 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
848 Replies, 656,039 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,697 Replies, 751,549 Views
Recession Coming ? IBM just...
3 Replies, 1,435 Views
Job Application with MOE... ( 1 2 3... Last Page)
183 Replies, 178,419 Views
Lawyer Salary ( 1 2 3... Last Page)
4,760 Replies, 1,872,950 Views
Anyone from Ministry of Social and...
6 Replies, 2,969 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,794 Replies, 3,497,062 Views
ST Electronics ( 1 2 3... Last Page)
335 Replies, 144,777 Views
Benchmark your monthly income by... ( 1 2)
16 Replies, 2,149 Views
How is life as a doctor in... ( 1 2 3... Last Page)
765 Replies, 730,574 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,605 Replies, 443,034 Views
GovTech career grade ( 1 2 3... Last Page)
81 Replies, 90,312 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:08 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2