Oct 25 2009, 10:59 AM
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“They are getting the RM1,000 tax relief and those paying tax at 27% will now pay 26%.
“So, they get two (relief measures) and only have to pay RM50 (per credit card). Don’t tell me they cannot pay RM50?” he said after a meeting at the 15th Asean Summit here yesterday.
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“So, they get two (relief measures) and only have to pay RM50 (per credit card). Don’t tell me they cannot pay RM50?” he said after a meeting at the 15th Asean Summit here yesterday.
source
What a brilliant thought! His math phailed.
1. Those paying 27% are earning at least RM100k per year. RM50 is nothing to them. And they get a 1% reduce in tax. ==> how about those low-middle level
2. The RM1000 tax relief, doesn't mean that we have extra RM1000 for spend. It just mean that Rm1000 is exempt from tax.
Say if my current income is Rm2500, with 1 month bonus. Total yearly income is RM32500. The income tax would be around RM539. After the extra RM1000 tax relief, the income tax would be around Rm472. the saving is RM67. If I have 2 card. then I pay more tax..!!
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Lots of gift and shopping voucher for him/her 
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