Singapore's Low Personal Income Tax Rates

Singapore has a comparatively low top personal income tax rate applies to a fairly high level of income.
Find out more in 'MERITOCRACY, PERSONAL RESPONSIBILITY, AND ENCOURAGING INVESTMENT: Lessons from Singapore's Economic Growth Miracle' at www.realitiesofsocialism.org/...
Website: www.realitiesofsocialism.org/...

[@Gabzerelli5]

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[@Whodatbuoy]

Singapore, a trading port city state with the geographical advantage of being at the nexus of some of the largest export countries in the world.
Don't learn the wrong lessons from non comparable countries
GDP per capita doesn't account for the 10% of its workforce that commutes from Malaysia.
Industrialisation and the use of common law whilst having stable leadership over a period of 50 years in a region that did not is the reason for Singapores success.
Effective tax rates when accounting for property tax and others is 18% of GDP which is basically the same as the USA.

[@Bob-jv4yf]

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