no "SWEETS", only "CANDY PAPER" given : Budget 2009 REVIEW (part1)

by JP

Let us review the Budget 2009 which was unveil by our Prime Minister recently,

[ A CARING GOVERNMENT ]

ELECTRICITY =>

19. As part of the Government’s effort to further reduce the financial burden of the lower income group, households which incur monthly electricity bills of RM20 or less, will not have to pay for electricity, for the period from 1 October 2008 to end of 2009. The Government will bear the cost of such bills, amounting to RM170 million for the period. A total of 1.1 million households will benefit from this measure.

PERSONAL INCOME TAX =>

20.The higher inflation rate has also affected the purchasing power of the lower middle-income group. To assist this group, the Government proposes the current tax rebate of RM350 per person be increased to RM400 for those with taxable income of RM35,000 and below. With this increase, some 100,000 tax payers will be out of the tax net.

yEH! for the lower income group, they will enjoy a total of RM70/= saved approximately.

Further to this, it will be a 1% drop on personal income tax for those earning more than RM250,000/= per annum; AND

also the same 1% drop for those earning RM35,000/= to RM50,000/= !?

So, now you see how fair our country is ?!!!

For those earning RM3,000 ~ RM4,000/= , Yeh! now you are able to buy 2 more bags of rice;

whilst for those earning more than RM20,000/= a month, you will saved approx RM2,000/= to drink 2 more bottles of fine Scotch Whisky at CLUB DE MaCaU, Jalan Ampang.

..... to be continued in (part II)