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Message: <blockquote data-quote="anxious" data-source="post: 12779" data-attributes="member: 193"><p>I just came across this blog by Norman Fernandez :- (see <a href="http://normanfernandez.blogspot.com/2008/06/how-much-income-does-one-need-monthly.html" target="_blank">http://normanfernandez.blogspot.com/2008/06/how-much-income-does-one-need-monthly.html</a> ) That got me thinking.. Many families are actually struggling on less than RM3000 per month. It was recently reported in the Star that:- Nor Mohamed also said there were proposals to lower this year’s income tax so that the public would have more cash in hand, but this needed to be looked into before a decision could be taken. As it is, he said the starting point for taxable income was already high. A non-married individual need only pay income tax if his or her monthly income was above RM2,950, and a married worker, above RM3,200. “Of the 10.5 million workers, only one million pay tax. Of that figure, only 38,000 individuals are taxed at 28%, the highest level,” he said, adding that revenue from income tax amounted to RM10bil. (see <a href="http://thestar.com.my/news/story.asp?file=/2008/6/11/nation/20080611194511&sec=nation" target="_blank">http://thestar.com.my/news/story.asp?file=/2008/6/11/nation/20080611194511&sec=nation</a> )Since only one million pay tax, are the majority of Malaysians living on less than RM3200 per month. If so, what would their likely expense breakdown be?  Would you agree with Norman Fernandez’s breakdown?</p></blockquote><p></p>

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