Royally screwed
We are being royally screwed by our dear govt.
So last year they announced that in 2009, we have a choice to reduce employee’s EPF contribution from 11% to 8% so that the people can have more cash to spend.
Fine.
But on the other hand, they quietly went and increased individual income tax rates at the same time!! So now, not only do those who’ve reduced their EPF have less savings, they have less money to spend due to higher income taxes! And the taxable income bracket has been reduced!!
WTF?!! Is that how THEY are helping the rakyat?!