It is that time of the year again.
Remember to file your income tax.
Ouch.
Taxes are a necessary evil because a country's revenue is from taxes and a country like any modern day entity needs revenue to be viable.
So, if we have to pay some taxes, we are contributing to nation building.
Not a bad thing, really.
However, if it is possible for us to pay less income tax, why not?
I am talking about doing it legally, of course.
As I don't have any significant earned income anymore, I don't pay any income tax.
When was the last time I paid income tax?
You might want to read it: HERE.
Investing for income has helped me to increase my income but not my income tax and you can do it too by creating dividend machines: HERE.
Related post:
Income tax payable.
2 comments:
Dear AK, if you dont have income, but contribute to your CPF voluntarily, then will you get "flag" by IRAS in that sense no income declared but got $$$ to top-up CPF?? Where do you get the money from??
Just curious only
Hi P Lee,
I have passive income from my investment. ;)
http://singaporeanstocksinvestor.blogspot.sg/2017/05/when-will-i-have-as-much-passive-income.html
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