The overtaxed middle class | Malay Mail

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The overtaxed middle class | Malay Mail
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The overtaxed middle class

Although the sugar and digital taxes are not direct taxes on consumers, soft drink manufacturers and foreign digital service providers like Netflix, Spotify and Steam will likely pass on the extra cost to their customers. reportWhen PH introduced the departure levy in Budget 2019, it proposed to charge those leaving Malaysia for Asean countries RM20 and RM40 for those travelling to other nations.

The poor generally escape paying tax since the goods and services tax was abolished, while the burden of developing the country falls onTo ensure that everybody has a stake in national development, taxes must be distributed in a fairer manner instead of simply burdening the middle class. The 1 per cent, on the other hand, can afford to get taxed a lot more. If the government is desperate to raise revenue, then why not increase the income tax levels for those who earn more than RM250,000 a year? Raise it to 40 or 45 per cent from the current 24.5 to 28 per cent rate.

The rich get to go on with their lives, while the poor get all sorts of benefits – Bantuan Sara Hidup cash aid, free health screenings at private clinics through the Peka B40 programme, and a better shot at entering public university.

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