Comments on: The Federal Government should not be earning from the middle and lower income groups http://limguaneng.com/index.php/2009/11/01/the-federal-government-should-not-be-earning-from-the-middle-and-lower-income-groups/ Competence Accountability Transparancy Sat, 04 Feb 2012 06:00:29 +0000 hourly 1 http://wordpress.org/?v=3.1 By: david http://limguaneng.com/index.php/2009/11/01/the-federal-government-should-not-be-earning-from-the-middle-and-lower-income-groups/comment-page-1/#comment-315 david Mon, 02 Nov 2009 11:42:25 +0000 http://limguaneng.com/?p=651#comment-315 Dear YB, i not always here...but i come here to your blog is to specially express my thanks for your raised issue on the credit card tax...Indeed this issue has greatly effected our life and putting the burden to us people. Hope DAP will continue fight for us in this matter, i am sure this is a cry that many cards holder out there. because in today time, many people use credit cards for many reason included to save money for better management on spending or for discount or rebate, this tax will make us lost or cancel lot of card that normally can help us do that. the bank now still do not have decision yet, imaging what if government insist or end up the bank absorb this RM50 but comes with spending condition, this will make LOT of citizen in trouble or force them to spend more or even more debts, plus it is UNFAIR to tax us each cards that we have, many family or student also effected. thank you again. Dear YB,

i not always here…but i come here to your blog is to specially express my thanks for your raised issue on the credit card tax…Indeed this issue has greatly effected our life and putting the burden to us people.

Hope DAP will continue fight for us in this matter, i am sure this is a cry that many cards holder out there. because in today time, many people use credit cards for many reason included to save money for better management on spending or for discount or rebate, this tax will make us lost or cancel lot of card that normally can help us do that.

the bank now still do not have decision yet, imaging what if government insist or end up the bank absorb this RM50 but comes with spending condition, this will make LOT of citizen in trouble or force them to spend more or even more debts, plus it is UNFAIR to tax us each cards that we have, many family or student also effected.

thank you again.

]]> By: dranony http://limguaneng.com/index.php/2009/11/01/the-federal-government-should-not-be-earning-from-the-middle-and-lower-income-groups/comment-page-1/#comment-314 dranony Mon, 02 Nov 2009 07:47:49 +0000 http://limguaneng.com/?p=651#comment-314 Does Najib think that by a "RM1,000 tax relief" that people will actually be getting RM1,000 more in their pockets? And that everyone would benefit from a reduction of tax of the 27% bracket to 26%? A single man who earns RM28,000p.a., would have tax relief of RM8,000, making his chargeable income RM20,000. Under Tax Rates of Year 2009, he would have to pay tax of RM475 on the RM20,000. With an increased tax relief of RM1,000, his chargeable income is lowered, but only at RM19,000. His tax on the RM19,000 be thus reduced, but only to RM445. This is only a reduction in tax of RM30! In fact, with the RM50 service tax per credit card, he'd be poorer by RM20! Does Najib think that by a “RM1,000 tax relief” that people will actually be getting RM1,000 more in their pockets?
And that everyone would benefit from a reduction of tax of the 27% bracket to 26%?

A single man who earns RM28,000p.a., would have tax relief of RM8,000, making his chargeable income RM20,000.
Under Tax Rates of Year 2009, he would have to pay tax of RM475 on the RM20,000.
With an increased tax relief of RM1,000, his chargeable income is lowered, but only at RM19,000. His tax on the RM19,000 be thus reduced, but only to RM445.
This is only a reduction in tax of RM30!

In fact, with the RM50 service tax per credit card, he’d be poorer by RM20!

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