工作20年就等於瘫痪?! 双亲的价值?!
Had a coffee break with Kitchi yesterday. She summarized it quite precisely. 哲學啊~~
Kitchi：“今天我在我报看到一小版，2005年有一个人骑脚车撞上路上的A Frame，全身瘫痪…Koh Brothers (contractor) 赔了800千给他…”
TSB：“Ei？！ 为什么是contractor赔，不是LTA咧？！”
…省略…
Kitchi：“哦，我在想噢，800千咧，差不多是工作20几年的总薪水…”
TBS：“Er？！所以你是说工作20几年就等於瘫痪啦！”
Kitchi：“Ei？！真的，要这样讲应该也是可以。20年，大概就瘫痪了。”
Summary for non-Chinese readers (Do I have any?) - A cyclist met an accident, paralyzed and received compensation of 800K. If you make 30K ~ 40K a year, 800K is about 20 years. So, 20 years of working = paralyzed?
TSB：“我之前在报纸看到减税的十大方法，例如和父母同住，供养父母etc …结果发现回扣最多的是第二个孩子”
Kitchi：“…”
TSB：“如果你有第二个孩子，税务局给的回扣是20千，是需要交税直接扣掉20千；而不是从你的income里面扣20千再来算该付的所得税”
Kitchi：“是么？”
TSB：“像供养父母，好像只可以从income里面扣8千再算该付的所得税”
Kitchi：“Ei？！”
…省略…
Kitchi：“所以hor …两个双亲的价值竟然低于第二个孩子”
Summary: If you stay and take care of both your parents, you get 8K relief from tax. If you have 2nd kid, you get 20K rebate. So 2nd kid is greater than 2 parents?
A quick check bring me to a more precise number, 10K (for both parents). and 10K for 2nd kid, 20K each for 3rd and 4th kid.
Well, you might think, looking after 2 parents worth half of your 2nd kids (not my point of view, purely based on IRAS relief and rebates), I’m sorry you are wrong.
Case A: no relief nor rebates: annual income 20K or less pay no tax.
Case B: looking after 2 parents: annual income 20K + 10K = 30K or less pay no tax.
Case C: Give birth to 2nd kid: annual income 120K or less pay no tax
tax - rebate = 0
tax = first 80K tax + next 40K tax = 4300 + 5700 = 10K (check here for actual rates)
rebate = 2nd kid rebate = 10ki.e. 120K or less pay no tax.
Hmm… 30K… 120k.. hmm.. so parents worth 1 quarter of 2nd kid?
Think again… 20K is the no tax zone…
30K - 20K = 10K
120K - 20K = 100K
Maybe, from tax relief point of view, your parents worth just 1/10 of a second kid…
Well, that’s not my point of view. Just some stupid calculation.
