3 ms·
This is bruto pay. It is massively wrong, almost deceitful. I think they're presenting average pre-tax income. Singapore tax is between 0% and 20%, and there's
by waps 12y ago
This is bruto pay. It is massively wrong, almost deceitful.
I think they're presenting average pre-tax income. Singapore tax is between 0% and 20%, and there's 7% VAT. In Germany you're going to be paying between 42 and 45% income tax, and 19% VAT. That means in Singapore you can spend 74.4% of your income on what you want, in Germany 39%. And singapore is much less regulated than Germany, and much better connected trade-wise, which means goods are a lot cheaper there to begin with (not real estate though).
So, for the same bruto pay you'd have double the money in Singapore compared to Germany, meaning those Singaporeans can easily buy 4 or 5 ipads for that average wage, whereas an average Earning german would be doing very well to get 2.5 for their "higher" pay. Hell, the average Singaporean is probably better off than the average Luxembourgian.
Keep in mind that the "average" wage in singapore might be high, but the mean wage is a LOT lower. Same, of course, is true in Luxembourg, but I don't think it's that skewed in Germany.