Monday, November 13, 2006

GST is going to be increased

5% and we're complaining already. What about 7%? This is crazy.

In order to help the lower-income families i.e. like mine. But it's hard to fork out for a start.

Imagine you go to a restaurant, spend $15 on a meal there. This is how much you are charged:
Sub-total: $15
Service charge 10%: $1.50
GST 7%: $1.155
TOTAL: $17.655 which is approximately $17.65 that you have to pay.

A GST of 5% will be $0.825, compared to $1.155.

Man, things are getting damm expensive.

Watch out for February's Budget.

Read the article here.

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