We are now being paying tax on our petrol!

[buff]

not only is the govt not subsidising, they're taxing us!! the only 'relief' is the RM625 rebate....

yes, petrol is taxed very heavily in the UK, Aus etc etc... but the difference (again) is that they're not taxed on their cars as heavily as us... !!

there is so much reliance on motorists to top up the govt coffers that if everyone started to take public transport, the govt will go bankrupt!! now you know why the efforts to encourage people to take public transport is half hearted at best?

ps... if you can, you should take leave and queue up to buy the 100 or so copies of the toll concessions that will be 'declassified'. guarantee can make a lot of money later as 'collector's item'...

[Odysseus]

Malaysia Boleh.....

[buff]

the best has to be the stimulus announced by our DPM, the new finance minister....

opening hypermarket for 2 hours longer.... :blink:

yep, that would solve all the world's problems! :rolleyes:

[alfred98]

Great...gahment.....boleh lah.....Skeletal in the closet is coming out one by one!!!:mad:

[WitchKing]

If buy new car now can still qualify for the rebate or not?

[Zazu]

If buy new car now can still qualify for the rebate or not?

PM said it will remain until next year.

[shiruikage]

hmmm...how come every gahmen in power are either a f***ing moron or a completly clueless idiotic moron? oh, sorry to all the morons in the world, i do not mean to insult u.

[daBoss]

the best has to be the stimulus announced by our DPM, the new finance minister....

opening hypermarket for 2 hours longer.... :blink:

yep, that would solve all the world's problems! :rolleyes:

ya man... i had a dem good laugh when i hear this announced by the gomen.

the other one was the reduction of epf contribution to 8%... instead of helping people increase income, an easy way out is to get people to spend their retirement funds... :sus:

[ungsutiong]

Every decision made must benefit their pocket for political funding.
Every announcement will benefit a small minority only.
Benefit for the public at large has been scrapped for the last 2 decades.
Now that the public is wiser through other forums, they will try to be more creative in money making policies.

[LaoZhang]

Every decision made must benefit their pocket for political funding.
Every announcement will benefit a small minority only.
Benefit for the public at large has been scrapped for the last 2 decades.
Now that the public is wiser through other forums, [B]they will try to be more creative in money making policies. [B]

Is this part of it ?


Assume monthly basic salary is RM 4,000.

- If your monthly EPF contribution is 11% ( RM440 ), taxable income = RM3,560, income tax payable = RM77.

- If your monthly EPF contribution is 8% ( RM320 ), taxable income = RM3,680, income tax payable = RM109.

Conclusion : If you choose to contribute 8%, you will end up paying more income tax to the government, which will make the government richer. Finance Minister Najib said this measure is meant to boost the slow-down market, but from this example we see that the money does not go into the market. Instead the money goes direct into the government's pocket through
the greater amount of income tax that we will have to pay.

Obviously this measure does not help the market at all.

Can people verify the truth of the above computation ?

[cucuan]

what saddens me the most is that the majority of the Malay peasants are lead (or misled) to believe that everything is fine and OK and to think high and mighty about their government leaders.

[datokuan]

what saddens me the most is that the majority of the Malay peasants are lead (or misled) to believe that everything is fine and OK and to think high and mighty about their government leaders.

.....aduh!!!!!.....hati sakit...:(.

[Zazu]

Is this part of it ?


Assume monthly basic salary is RM 4,000.

- If your monthly EPF contribution is 11% ( RM440 ), taxable income = RM3,560, income tax payable = RM77.

- If your monthly EPF contribution is 8% ( RM320 ), taxable income = RM3,680, income tax payable = RM109.

Conclusion : If you choose to contribute 8%, you will end up paying more income tax to the government, which will make the government richer. Finance Minister Najib said this measure is meant to boost the slow-down market, but from this example we see that the money does not go into the market. Instead the money goes direct into the government's pocket through
the greater amount of income tax that we will have to pay.

Obviously this measure does not help the market at all.

Can people verify the truth of the above computation ?

for those in the lower income bracket.. no difference cos they r not taxed. Maybe for the higher end this has to be considered.

[alfred98]

I thot EFP and insurance are under same bracket...that mean max deduction comes to 5000 onli....if U pay more also no point.....for the lower income one no need to pay income tax......that why......gahment servant got one million or so.....but amount of tax payer also 1 million plus abit.......that mean majority of gahment servant are not paying tax!!!!!:squeeze:

[buff]

my 2 sen advice is that people should keep as much as they can in EPF coz, there's no real alternative (safe investment) to the 5% div out there..

[WitchKing]

PM said it will remain until next year.

Was he awake when he said this or was he talking in his sleep?

[daBoss]

my 2 sen advice is that people should keep as much as they can in EPF coz, there's no real alternative (safe investment) to the 5% div out there..

what if by the time we retire the money squandered away on bail-out projects?

[buff]

what if by the time we retire the money squandered away on bail-out projects?

dun worry la.... it's guaranteed by govt..... the govt can print as much ringgit as she needs.... so we'll definitely get back the $$$.... how much it's worth is another matter though.... :rolleyes:

one thing to bear in mind- all other 'investments' are not safe.... just look at what happened to products sold by lehman brothers and morgan stanley? some people lost everything!

[Dino]

dun worry la.... it's guaranteed by govt..... the govt can print as much ringgit as she needs.... so we'll definitely get back the $$$.... how much it's worth is another matter though.... :rolleyes:

one thing to bear in mind- all other 'investments' are not safe.... just look at what happened to products sold by lehman brothers and morgan stanley? some people lost everything!

Yah...i lost quite a bit in the 401k.....:crying:

[ungsutiong]

Was he awake when he said this or was he talking in his sleep?

Still in honeymoon, perhaps......some said it could be the side effect of too much viagra.

[datokuan]

Yah...i lost quite a bit in the 401k.....:crying:

lucky u, onli a bit lost in 401K.... I noe pple lost more than 75% of the 401K in the last 3 months.... kenot retire now....me oso in the sama sama boat now...:crying:

[Dino]

lucky u, onli a bit lost in 401K.... I noe pple lost more than 75% of the 401K in the last 3 months.... kenot retire now....me oso in the sama sama boat now...:crying:

1/3 gone ok.....:crying:

[datokuan]

1/3 gone ok.....:crying:

well done.....considering the average now is 50% of 6 mths ago..... worst hit are those linked to Leh#@%&......:crying: a big zero!!!

[Dino]

well done.....considering the average now is 50% of 6 mths ago..... worst hit are those linked to Leh#@%&......:crying: a big zero!!!

I think the best is still save your own bloody money instead of depending on other people to manage your money. Can't trust anybody these days!! KNN!!!! :mad:

[Oddfather]

I think the best is still save your own bloody money instead of depending on other people to manage your money. Can't trust anybody these days!! KNN!!!! :mad:

You can trust me......firstly, give me all your $$$$$$$$.......muahahahahaha.....

[Dino]

You can trust me......firstly, give me all your $$$$$$$$.......muahahahahaha.....

Jahat...memang jahat!!! :p

[daBoss]

sorry for being ignorant... 401k not guaranteed by usa gomen ah? hmm... like that epf still better leh... :)

[Dino]

sorry for being ignorant... 401k not guaranteed by usa gomen ah? hmm... like that epf still better leh... :)

No laaa......where got guarantee wan...its an investment.......so stock cacat...401k value also cacat. Some people lost over $500k in 3 weeks in their 401k because of the crash loor.....

[datokuan]

No laaa......where got guarantee wan...its an investment.......so stock cacat...401k value also cacat. Some people lost over $500k in 3 weeks in their 401k because of the crash loor.....

BTW, can 401K allow you to keep everything in cash? And can you set up your own 401K and manage by yourself?

[Dino]

BTW, can 401K allow you to keep everything in cash? And can you set up your own 401K and manage by yourself?

Err.....all these value in 401k are "virtual" worth but you can only put in up to $15k a year.
So i suppose if you want to top up with cash, can also laaa....

Nope...by yourself, you can't set up a 401k...only if you are with an employer(i think). They normally match dollar to dollar up to a certain percentage....

[datokuan]

Err.....all these value in 401k are "virtual" worth but you can only put in up to $15k a year.
So i suppose if you want to top up with cash, can also laaa....

Nope...by yourself, you can't set up a 401k...only if you are with an employer(i think). They normally match dollar to dollar up to a certain percentage....

In this case, I like the Singapore CPF model. You have to keep cash up to certain amount and then choose to invest the excess into shares and property. :squeeze:

[KongMing]

If we ourselves can manage our own $$ why let those Lemon bro ppl and funds suck up your hard earned $$. You pay them comm/fee every year without fail even though your funds is making losses in bad times, easy $$ for them huh? I din know 401k was not guaranteed like ours here. Since it's risky, dont have to put much $ in it ba! Might as well invest own your own.