It’s an interesting rate because it showswhat we actually paid in taxesacrossall marginal tax brackets and after allcredits and deductions. You might cringe when you see what your marginal tax rate is but let out a sigh of relief when you see your effective tax rate. Why You Need...
1 Total tax payable/total chargeable income. In practice, the calculation of ER may vary depending on what is used as a measure of ‘total income’. 2 Except in the first income tax bracket where the tax rate is 0%. 3 S$1,250/S$50,000. 4 S$1,600/S$55,000. 5 SRS contribution...
SRTP = \delta + \eta g. The SRTP reflects the typical discounted utilitarian inter-temporal SWF in which the instantaneous utilities of a representative agent are discounted at a rate\delta, the elasticity of marginal utility is\etaand per capita growth rate of consumption isg. Two critical ...