SGD 280,001 to 320,000 20%
USD 218,000 to 250,000 20%
Anything below this should be around 8% to 18% tops.
120k USD should be around 12%
Working hours 9 to 5 , 5 days week. = 40 hours .
Most expats gets 20 to 25 days off per year not inclusive of public holidays.
I'd be retired on that tax rate at this point. For comparison last year I did:
343K gross employment income. The result was 111K federal and provincial tax withheld, 3,867.50 in CPP, 188 in a second tranche of CPP, 1049.12 in EI
Some tax was recuperated via contributions to certain registered investment accounts but most of that was offset by investment income making the recovery only 6K. So total to the gov't last year around 110K.
Wife did about 1/3 less. But between the two of us we coughed up close to 180K+ in tax.
Now my time-off and other benefits are far in excess of that 20-25 days off. I get that plus 18 Christmas shut-down days that I pop in on for no more than an hour or two here or there to make sure certain filings go through, given a vehicle among other things.
I should say I have no problem paying that tax, except currently I am not inline with how our government has been spending it through the years and think we need a complete revamp of our social security safety nets, among many other programs.
This post was edited by SBD on May 26 2025 10:13am