Through the proposed DTC / GST legislations, the government has acknowledged the demand of new revenue system nevertheless the proposed new laws apparently appear become even more complicated then today's one. Because for the increasing tax rate better brackets, a reduction of taxable income attending a higher bracket saves you more tax than exactly the reduction to a lower class. So let's compare the tax saving of contributing $1000 by a single individual with a $30,000 income with what sing...

Through the proposed DTC / GST legislations, the government has acknowledged the demand of new revenue system nevertheless the proposed new laws apparently appear become even more complicated then today's one. Because for the increasing tax rate better brackets, a reduction of taxable income attending a higher bracket saves you more tax than exactly the reduction to a lower class. So let's compare the tax saving of contributing $1000 by a single individual with a $30,000 income with what sing...