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> OFFICIAL THREAD: ELECTION BUDGET 2018, Teks ucapan di page 1

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FauxHawk
post Oct 27 2017, 02:31 PM

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Anybody got the script yet ah
FauxHawk
post Oct 27 2017, 02:50 PM

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QUOTE(fazlythewarrior @ Oct 27 2017, 02:40 PM)
Belum lagi lepas Najib duduk baru MoF upload teks ucapan bajet di website.
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Cool thanks
FauxHawk
post Oct 27 2017, 03:32 PM

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QUOTE(karkar8811967 @ Oct 27 2017, 03:26 PM)
fuck!!!!!
lose rm50!!!!
i beli yellow...
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I also lose I bet ketupat green
FauxHawk
post Oct 27 2017, 03:44 PM

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Mudah lupa lmao
FauxHawk
post Oct 27 2017, 03:46 PM

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Bajet day is best day coz can sit in office listen to comedy on tv
FauxHawk
post Oct 27 2017, 04:07 PM

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Anybody know where got online stream of English dub version ah? My boss don't want hear Najib voice
FauxHawk
post Oct 27 2017, 04:13 PM

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QUOTE(aziratul @ Oct 27 2017, 04:08 PM)
mana penah ada.
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Last year not sure which channel on tv is eng sub. This year TV buttons rosak cannot channel surf
FauxHawk
post Oct 27 2017, 05:00 PM

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QUOTE(smallbug @ Oct 27 2017, 04:55 PM)
tunaseng, might as well write them off lar!  :lol2:
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Diskaun = got chance to get back 80% of loan

Better than now they all lari or writing off.
FauxHawk
post Oct 27 2017, 05:46 PM

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QUOTE(max_cjs0101 @ Oct 27 2017, 05:42 PM)
Are you sure?
Because from what is shown its only for those earning RM70k pa and below.
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Go look at the tax brackets and how it's counted
FauxHawk
post Oct 27 2017, 05:50 PM

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QUOTE(yeelong @ Oct 27 2017, 05:48 PM)
meaning? layman a bit?
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QUOTE(lorrydriverrocks @ Oct 27 2017, 05:48 PM)
So in a way everyone in the country earning more than 20k will pay lower tax?
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Looks like the 70k and up ppl will also save 1k in tax
FauxHawk
post Oct 27 2017, 06:03 PM

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QUOTE(WannaGetBuffed @ Oct 27 2017, 05:57 PM)
There is a 70k taxable income bracket. I doubt there will be reduction for this range and above. That means those who earn 7k+ above might not have any lower income tax rate at 21%.

The gap will widen from 16% to 21% straight.

A lot of ppl will upcar on this I am pretty sure  rolleyes.gif
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The 70k and up ppl are savings 1k liao just from the reduction from the lower brackets
FauxHawk
post Oct 27 2017, 06:18 PM

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QUOTE(WannaGetBuffed @ Oct 27 2017, 06:06 PM)
See post #544. I don't study tax also I am very skeptical on this. I am pretty sure those above 70k chargable income no changes.

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V
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I work in tax...It just how the brackets work, if you got a table on hand, for example, you see the on 20k, tax is 150, next 15k is 5% (750), then next bracket is 35k, tax is 900 ( the 150 + 750 aka the 5% X the 15k).

If the lower brackets got change, the upper brackets also will see the total tax payable change

2% X 15k = 300
2% X 15k = 300
2% X 20k = 400

Total savings 1k lor for 70k above ppl

This post has been edited by FauxHawk: Oct 27 2017, 06:20 PM
FauxHawk
post Oct 27 2017, 06:36 PM

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QUOTE(SmallPenguin @ Oct 27 2017, 06:32 PM)
Ya la, higher tax bracket doesnt apply, only the bracket group below 70k can get.

Then the statement "everyone gets 2%" is flawed.

Why shoot me?
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Because if you read the whole sentence, it would have made sense to you unless you don't understand tax

"Technically everyone will get the 2%, because even if you earn 100k, only your 30k not impacted by the change."

Get THE 2% meaning the savings of the 2%. Then the 2nd part of the sentence highlights how the balance 30k will not be affected because it's not part of the 70k bracket.

This post has been edited by FauxHawk: Oct 27 2017, 06:37 PM
FauxHawk
post Oct 27 2017, 06:48 PM

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QUOTE(silkysilk @ Oct 27 2017, 06:39 PM)
drop in 2% should be done earlier or concurrent with GST la
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Bajet 2015 already got reduction in rates for all brackets
FauxHawk
post Oct 27 2017, 07:55 PM

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QUOTE(kurangak @ Oct 27 2017, 07:51 PM)
maaf adun lahad datu lambat masuk
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Everybody already balik makan liao, you come to tutup kedai ah
FauxHawk
post Oct 28 2017, 11:47 AM

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QUOTE(small-jeff @ Oct 28 2017, 02:10 AM)
so how does the progressive tax works ah?

up to 70k get full 2% cut.

what happens to.. say 100k? first 70k gets 3%, 8% and 14% from each bracket, then remaining 30k follows existing brackets?

compius
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See the 1st item in the appendices, so yes, the brackets beyond the 70k follow existing


http://www.treasury.gov.my/pdf/budget/speech/attachment.pdf

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