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 INSURANCE TALK, ok let start

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fyire
post Dec 9 2006, 03:01 AM

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QUOTE(ZiyiIsmyIdol @ Dec 9 2006, 02:45 AM)
U r saying tax rate on msia is low n vy few rich ppl? u r not.. go out n check out how many bmw n mercs on the road.
Actually yeah, Malaysian tax rates r damn low compared to places like Australia. Very few rich ppl? I don't see that mentioned anywhere. Where did u see that statement?

QUOTE(ZiyiIsmyIdol @ Dec 9 2006, 02:45 AM)
U say they got good accountant? yea to make sure they pay their taxes well. I know of a high ranking tax-collector. He'll make the big fish beg on their knees to offer them a reasonable solution if these fishy didn't pay tax.
There's a difference between tax deduction methods and tax evasion. If its done legally, there's not a single thing that your high ranking tax collector can do either.


fyire
post Dec 9 2006, 03:49 AM

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QUOTE(ZiyiIsmyIdol @ Dec 9 2006, 03:29 AM)
Hah sorry ha there's no mentioned vy few rich ppl.. wat to do 3am not yet sleep blur blur liao...
Well in Msia for a person earning RM100k annually, he/she will be taxed 27% of income.  Source http://www.hasilnet.org.my/english/eng_NO2_1_1K.asp

Having to pay rm20k plus annually.. thats kind of high! A fresh graduate only earn that in a year! Stop comparing Msia to other country lah since we are living in bolehland. Otherwise just imigrate imediately!  thumbup.gif
Whether you like it or not, it is still a valid reasoning here, comparing Malaysian tax rates to other countries. Why? What else is there to compare to?

Does it matter if a fresh graduate earns less in a year compared to the amount of tax that a rich person pays out? You argument only holds should the fresh graduate need to pay the same 27% tax as well.

QUOTE(ZiyiIsmyIdol @ Dec 9 2006, 03:29 AM)
Oh insurance is also tax deductable, and the receiving is also tax-free.
Woohoo buying insurance is tax deductable including for your children  rclxms.gif  thumbup.gif
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Fact is, when it comes down to it, there's far better ways to do tax deduction, of which you had totally ignored.

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