Oct 26 2009, 09:45 AM
bcos for rich they got 27% reduce to 26%. that's more than enough for them to pay 10 credit card tax already. but middle class... dont even reach the 27% taxable amount. and dont have much properties as well... not much trading on it as well.
QUOTE(simplesmile @ Oct 25 2009, 01:17 AM)
Believe me, prudent spending is just an excuse to mask their real reasons or intentions.
When the country was just starting to fall into recession, Govt keep saying "our economy is resilient, US subprime crisis won't affect Malaysia".
When the Government will defer projects in Pakatan states and say because Government no money. You think the Govt really have no money?
You trust what the Government says?
The real reason for taxing on the credit cards is because the Govt wants to tax, but don't want to affect poor people. So... how to tax the middle income and the rich? Raise the income tax rate? No way,.. this will surely kick them out during next General Election. So.. what do middle income and high income people have? Properties and credit cards. So... bring back the RPGT and tax credit card holders. You think the govt really wants to encourage prudent spending? There are other more effective ways to encourage prudent spending as suggested by other forumers.
Bottom line is, this RPGT and service tax on credit cards are designed to MILK the middle income and high income.
When the country was just starting to fall into recession, Govt keep saying "our economy is resilient, US subprime crisis won't affect Malaysia".
When the Government will defer projects in Pakatan states and say because Government no money. You think the Govt really have no money?
You trust what the Government says?
The real reason for taxing on the credit cards is because the Govt wants to tax, but don't want to affect poor people. So... how to tax the middle income and the rich? Raise the income tax rate? No way,.. this will surely kick them out during next General Election. So.. what do middle income and high income people have? Properties and credit cards. So... bring back the RPGT and tax credit card holders. You think the govt really wants to encourage prudent spending? There are other more effective ways to encourage prudent spending as suggested by other forumers.
Bottom line is, this RPGT and service tax on credit cards are designed to MILK the middle income and high income.
Added on October 26, 2009, 9:47 amif bank dont have any good solution on this.. i think i will cancel all
This post has been edited by truth_seeker_09: Oct 26 2009, 09:47 AM
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