See below for the full list of injustice in Malaysia that has yet to be resolve!

Under 52 years of BN/UMNO rule, many injustice, corruption and crime has been committed by their cronies! Below is just some of the case that I can keep track! If you have more, please feel free to let me know so I can add to it!

AM I BIAS?!? I DO NOT SUPPORT THE BAD THINGS THE OPPOSITION DOES BUT I DON'T HAVE TO REPORT IT EITHER CAUSE THE MAIN STREAM MEDIA DOES A GOOD JOB WITH THAT ALREADY!

THERE IS A NEED TO HELP BALANCE THE BIAS NEWS REPORTING YOU GET FROM MAIN STREAM MEDIA!

Tuesday, November 25, 2008

Is lowering your EPF contribution really good for you?!?

LOWERING the rate of employees’ contribution to the Employees Provident Fund (EPF) temporarily is part of the Government’s bag of tricks to rouse the economy.

This time around, an employee can reduce his EPF contribution from 11% of his salary to 8% for two years from Jan 1. The idea is to boost private consumption by putting more money in workers’ pockets.

Unlike the last two occasions, the next rate cut will be on a voluntary basis. The Government has estimated that RM4.8bil a year will be freed up for spending in the economy if all EPF contributors opt for the rate cut.

We are clear about the argument that
increasing workers’ disposable income is good for the economy.

BUT THE REAL QUESTION IS..."IS THE EPF CUT GOOD FOR THE WORKERS?!?"

The EPF has often said that for most workers, their savings are already insufficient to see them comfortably through their old age. There will even be less available when the contributions are reduced. Taking into consideration that at retirement age, the worker will find it more difficult to get a job,
it is better that he tries to manage with the present take home pay than to have less savings upon retirement.

Considering the cost of living has gone up and our purchasing power has been significantly reduced in recent times,
there is little this magical three percentage points can do for the individual per se.

And the most important thing is......... there is now a tax-free limit on EPF savings and insurance premiums amounting to RM8,000. If, by reducing our contributions, we go below the limit, it can also have implications on our tax bracket.

This means while it may look like we may have extra disposable income from the EPF cuts......what actually may happen is that
the govt will take back the extra income through taxing back your higher disposable income!!!

(Mark my words! Lets see if the govt will raise income tax rate next year!)

QUESTION OF THE DAY!
Is the goverment being sneaky about this lower EPF scheme!

(source Malaysiakini and TheStar)

No comments:

Issues that still have not seen Justice!

1. Port Klang Free Zone scandal
2. Kugan murder
3.
Altantuya's murder!
4. UMNO Youth assault on Kapal Singh in Parliament (JUSTICE SERVED..kind of!)
5.
Malacca CM, Ali Rustam's corruption
6. Lingam Tape Case
7.
INDONESIAN MODEL MANOHARA (JUSTICE SERVED..kind of!)
8. Khir Toyo - Mansion, Disneyland and etc issues!
9.
Kill Nizar blog/Utusan Malaysia death threat to Teresa Kok
10.Zakaria Md Deros Istana
11.Frogs, Mohd Jailu & Mohd Radzi corruption case
(the 2 has gotten acquitted!)
12.Penang Land Scam!
13.Abdul Razak Baginda Media Taboo
14.Najib's Submarine and Helicopter Scandal!
15.Elizabeth Wong's Picture Scandal
(BF still not arrested by police!)

16.Hindraf legal advisor P Uthayakumar still in ISA (JUSTICE SERVED!)

17.Private Investigator Bala's Injustice!
18.Prostitution of young girls and children
19. HumanTrafficking in Malaysia
20. Illegal VCDs/DVDs/Prostitution/Gambling in M'sia.
21. Najib's 50 million Bribery Case
22.Saiful not charge with Anwar for Sodomy
23.Bukit Antarabangsa landslide Victims!
24.M Indira Ghandi kidnapped daughter
25.Penan, Sarawak Women being sexually abuse!
26.Sujatha death (sammy vellu son's "assistant")
27. Turtle Eggs consumed by Sarawak's Police!
28. M'sian's Money lost through corrupt BN govt projects!
29. Taib's rape and plunder of Sarawak's wealth!
30. Utusan Malaysia racist article
31. RM300 million Gong Badak stadium
32. Teoh Beng Hock death
33. Selangor's BN assemblypersons spending 90.6 percent of the total state allocations within the first two months of this year.
34. Kg Buah Pala, Penang Land Scandal
35. Section 23 Muslim insulting Hindus
37. Mahkota Cheras Police Brutality
38. Biro Tata Negara - Racist Propaganda!
39. Auditor General Report 2009!
40.Churches being burned
41. 60% of Sarawak state fund diverted elsewhere

42. 2nd Finance Minister's P.Sec charge for corruption

43. Drop charges against Al-Islam magazine's journalists

44. Cow Head Protestors gets it easy from M'sia Courts

45. Najib gets away with bribery in Sibu!

46. Another death in Police custody. Krishnan!

47. Aminulrasyid Amzah Death in Police Custody

1 policeman gets 5 years in jail but this is pending appeal!

48. Police stole Chia Buang Hing money, and beat him up

49. Bernama cameraman Hairul Nizam Bahrin beaten by police.

50. 2011 Sarawak Election Scandals!

51. Ahmad Sarbani another MACC victim!

52.Police shooting youth on their knees!!!

53. Perak Constitutional Scandal!

54. Ibrahim Ali Immunity for Authorities

55. Justice for Baharuddin Ahmad

56. 6 PSM members under EO! (RELEASED)

57. Violent Demonstration in Penang

58. Tan Sri Tajuddin Ramli gets away scot free!

59.Sinar Harian attack on Christians!

60.Native Land Grab in Sarawak!

61. Project IC in Sabah!

62. Gani Patail and Musa Hassan sins!

63. The National Feedlot Corporation (NFC) scandal

64. ABU and Hindraf attacked my UMNO's Goons!

65. IPCMC dead in the water!

66. Gan Ee Seng vs Pahang Govt

67. Lynas Scandal

68. Police powerless against thugs in Klang (SMM)

69. Rela and Police Thuggery (victim S Mogan)

70. Lim Guan Eng's Son attacked by Pro UMNO bloggers

71. COPGATE SCANDAL

72. Strings of UMNO Thug's Violence!

73. Prove of Taib corruption in Sarawak! (29.)