According to Minister Shanmugam the top 20% income earners, companies, and non-Singaporeans pay 84% of the total taxes in Singapore to finance our $52 billion government budget expenditure. The rest pay only 16% of the total taxes.I think when Shanmugam flung those numbers out like so many rose petals at a wedding, he was expecting people to appreciate how the government cares for the “common man”. Perhaps the numbers might blunt some of the criticism that there is not enough redistribution?
– Gintai blog, 16 June 2012, My meeting with Minister K Shanmugam Sc, Link
It didn’t work on me. His numbers floated in a vacuum. I searched high and low for contextual figures, but found none. Without context, what to make of his numbers? Full story
Related:
My meeting with Minister K Shanmugam Sc - Gintai.wordpress.com
