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 T1, T20 and B40 Detailed Breakdown, Real Celery

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backspace66
post May 16 2025, 11:19 AM

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QUOTE(Drian @ May 16 2025, 11:11 AM)
RM 25-27k is 6-7k USD household income in US.

7k USD household income in US is B30, my guesstimate.  So top 1% income in Malaysia is equivalent to Bottom 30% in US. 
That's why the government use percentile, cause this can give an impression that there is a lot of rich people in Malaysia.
If they use absolute numbers, it will expose how relatively poor we are.             

So there are people here in /k who are not that good in mathematics/critical thinking who thinks T20 earns a lot and have to be taxed way more. I caught a few people in /k doing that.
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Seems like earning MYR 20k is equivalent to earning USD 14k based on PPP, but obviously this is just average and does not including specific location


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jasontoh
post May 16 2025, 11:21 AM

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QUOTE(backspace66 @ May 16 2025, 11:19 AM)
Seems like earning MYR 20k is equivalent to earning USD 14k based on PPP, but obviously this is just average and does not including specific location
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How so?
backspace66
post May 16 2025, 11:21 AM

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QUOTE(jasontoh @ May 16 2025, 11:21 AM)
How so?
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Purchasing power parity
Seralph
post May 16 2025, 11:25 AM

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QUOTE(Drian @ May 16 2025, 11:11 AM)
RM 25-27k is 6-7k USD household income in US.

7k USD household income in US is B30, my guesstimate.  So top 1% income in Malaysia is equivalent to Bottom 30% in US. 
That's why the government use percentile, cause this can give an impression that there is a lot of rich people in Malaysia.
If they use absolute numbers, it will expose how relatively poor we are.             

So there are people here in /k who are not that good in mathematics/critical thinking who thinks T20 earns a lot and have to be taxed way more. I caught a few people in /k doing that.
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even ignoring PPP (which is important to compare incomes between countries), a quick google search shows US Median household income at USD6.6k per month.

Very ironic that you are questioning people's mathematics/critical thinking.
Drian
post May 16 2025, 11:51 AM

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QUOTE(Seralph @ May 16 2025, 11:25 AM)
even ignoring PPP (which is important to compare incomes between countries), a quick google search shows US Median household income at USD6.6k per month.

Very ironic that you are questioning people's mathematics/critical thinking.
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My point is it's not a lot for top 1%. It's not luxurious by any means.









TiramisuCoffee
post May 16 2025, 01:13 PM

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QUOTE(jasontoh @ May 16 2025, 08:46 AM)
Even if full population paying tax it is still jz 300K people, whats more this is from the population of 4.2M tax payers. Doubt ppl lagak kaya except PMX having grudge with T15 folks by labeling them mahakaya.
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Maybe those posh cars etc all second hand punya Dunno really dunno..but huge income divide is true thou.. 1 billionaire among d crowd will bring up avg income .. icon_rolleyes.gif
jasontoh
post May 16 2025, 02:20 PM

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QUOTE(TiramisuCoffee @ May 16 2025, 01:13 PM)
Maybe those posh cars etc all second hand punya Dunno really dunno..but huge income divide is true thou.. 1 billionaire among d crowd will bring up avg income ..  icon_rolleyes.gif
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This is actually mainly working class, definitely not maha-kaya as per the PMX description. True there are those billiun-aire and bring up the average. Income divide happens everywhere

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