Came across this mind-boggling calculations from yenc’s blog.
“ALERT!! (Applicable for Malaysian only)
NOTE:
Assume monthly basic salary is RM4000.
If your monthly EPF contribution is 11% ( RM440 ), taxable income = RM 3560, income tax payable = RM77.
If your monthly EPF contribution is 8% ( RM320 ), taxable income = RM 3680, income tax payable = RM109.
Conclusion:
If you choose to contribute 8%, you will end up paying more income tax to the government, which will make the government richer. “
Care to voice out?
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Those GOOD samaritans at GOOD Magazine are GOOD enough to share their GOOD sheet that gives a farsighted view on how the temperamental US economy machine works (all puns intended).
An interesting read. Especially the last bit.
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enspire.net is good enough to produce a video version of the financial crisis explanation (posted earlier here).
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Much has been talk about the financial crisis going on in US, then to Europe. I’m very sure everyone in the world; and that includes me, are curious on how the bubble burst – poor and excessive use of credit in the housing market.
Head over to read the explanation by Patrick from Cash Money Life.
For a more Malaysian layman terms writeup, click here (by Hanson from Ringgit Channel)
Now I understand why….
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A colleague of mine, Kevin showed me a real quirky ‘Tamil’ flash animation.
Guess what the animation is trying to sell?
Click on the image above to view
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contributed craps