GST Offset Package

Have you received a nice white letter from the local government telling ou to acknowledge that you want the extra money that they are giving you to make up for increasing the Goods & Services Tax from 5 percentage points to 7 percentage points?

A lot of people think that the increase from 5% to 7% is only 2%. That is what certain Men in White want you to believe. Percentage points is different from percentage. If you are slightly mathematically, you would have already gotten what I am trying to say.

2/5 = 0.4 which translates into an increase of 40%!!! Does your salary increase by 40% every few years? I am pissed, because some people's salary do increase with a range of 17% to 33%. Sigh. When was the last time your pay increment is in double digits? Was there even such a time? We are talking about the employed here, those who have a job & report to work. Not the self-employed, the business owners & the investors.

A very simple explanation. Imagine your child weighs 5kg now. Next year he / she weighs 7kg. So it is an increase of 2kg. However, if you express your answer in percentage, it is an increase in weight of 40%. Get it?

So if money is given to you, just take it!!! However, do spend wisely & not squander it meaninglessly.

I have already acknowledge, what about you?

Ja neh!!!