Revisit Old News About Tax, Debt and Subsidy..
Just wondering, who says the truth? I cut a piece from the below to understand the issue. Others read by your self in the below article. Questionable quote: 1) Only 1.7 million worker paying tax over 12.8 million ( 13%)??? So another 87% will get BR1M?? 2) Last year petrol only getting 5cent subsidy, why after 20cent price hike, gomen said we was given 65cent of subsidy???? Soooo funny!!!! “This year we had initially targeted revenue collection to total RM107 billion but our first half collection has already reached the RM99 billion mark. But the income tax payers form a small portion,” he said. Of the 12.8 million in the workforce, only 1.7 million pay tax while in the case of the 700,000 firms, only five per cent, or 35,000, pay taxes.Lim said the middle income bracket’s usual grouse is that the government tends to overlook their interest in the annual fiscal budget. “Remember for every litre of petrol utilised, the government is giving a five-sen subsidy whil