Voiceofreason
404 Titan's numbers make it seem like that 31% or 34% is paid every year. It's not. It's the first year that hurts, yes, but after that, even going by his figures, the annual tax rate on that amount would be 66486 / 604852 = 11%.
You must have a comprehension problem because I made it very clear it only applied to the first year. Quote:
In you first year of employment in Hong Kong you also need to budget for Provisional Tax, i.e. one year’s tax in advance. Therefore you need to double the above tax figures for your first tax bill.
For someone that calls themselves a “Voice of Reason” you truly are a sell out to your fellow local cadets. While we are trying to get them the same package we are on you are happy to play the role of the management mole and rosy everything up regarding the iCad scheme. Maybe you should change your name to “Voice of Management” or better still “Voice of Apathy”.
apathy [ˈæpəθɪ] n
1. absence of interest in or enthusiasm for things generally considered interesting or moving
2. absence of emotion
[from Latin, from Greek apatheia, from apathēs without feeling, from a-1 + pathos feeling]
Collins English Dictionary – Complete and Unabridged © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003