Dear BB Participants,
Please take note for the Swimming badge detail:
Venue: Permata Sports Complex, Swimming Pool Paya Terubong
19, Lintang Sports Complex Swimming Pool.
Date: 26th November 2011 (Saturday)
Time: 9 AM - 1 PM
Attire: Swimming attire
Fee: RM 4 per entrance
Officer in charge: Sir John, Sir Thomson, Sir Joel, Mdm Ivy & Mdm Kim Tee
Friday, October 28, 2011
Thursday, October 27, 2011
TAX DEDUCTION
Tax deduction and the next election ( Our Last Chance )
"Our lives begin to end, the day we become silent about things that matter"
Dr. Martin Luther King Jr.
A person who risks nothing does nothing, has nothing, and is nothing.
Only a person who risks is free.
MALAYSIANS ( CHINESE & INDIANS ) WHAT HAS BECOME OF YOU ???? BEING TAKEN FOR A RIDE UNASHAMEDLY BY YOUR GOVT.WHO DO NOT SEEM TO HAVE AN OUNCE OF INTEGRITY. WHAT A SORRY STATE OF AFFAIRS - MIGHT AS WELL BE RULED BY THE TYRANT MUGABE.
M'sia tax deduction methods - Fair?
When non-Malays do their religious obligations, it is NOT tax deductable unless the Church or temple has applied and obtained the approval for tax exemption, which is normally very stringent and seldom approved.. Even if approved the donation is restriced to 7% of your aggregate income. (This has been revised to 10% from YA 2009 for company.) Whereas zakat qualifies for 100% and is deducted from the tax liability.
Example. Ah Chong donate to temple : RM10,000.
His Annual income : RM100,000.
Tax Relief : RM 23,000 (For Individual) + RM 7,000 (For Donation)
Chargable income : RM70,000
Tax payable : RM7,125
Ahmad - same income and relief Chargeable income :
(RM100,000 – RM23,000) = RM77,000
Tax payable : (Rm7125 + 1680) = RM8,805
Less zakat : RM 10,000
Tax refundable : RM (1,195)
Ah Chong has the same annual income & donated the same amount, but he still needs to pay tax of RM7,125 Yet, Ahmad is entitled to a tax refund of RM1,195.
He is also deemed a dutiful tax payer and honours his religious obligations. How do you like that?
THIS IS CRUDE BUT STRAIGHT TO THE POINT !
Do you know that 90% of the people paying income taxes in Malaysia are the non-Malays? Yes, you are one of them.
Malays who are taxable usually prefer to contribute to Zakat (tax deductible from NETT tax) and give to State Religious bodies (not Govt or Income Tax Dept)
PAY YOUR TAXES DUDE, SO THAT THE MALAYS CAN ENJOY THEIR LIVES AND CALL YOU PENDATANGS !
13th GE is your last chance for CHANGE ! If you don't vote to protect your future generation, your children or grand-children may spit on your grave.
"Our lives begin to end, the day we become silent about things that matter"
Dr. Martin Luther King Jr.
A person who risks nothing does nothing, has nothing, and is nothing.
Only a person who risks is free.
MALAYSIANS ( CHINESE & INDIANS ) WHAT HAS BECOME OF YOU ???? BEING TAKEN FOR A RIDE UNASHAMEDLY BY YOUR GOVT.WHO DO NOT SEEM TO HAVE AN OUNCE OF INTEGRITY. WHAT A SORRY STATE OF AFFAIRS - MIGHT AS WELL BE RULED BY THE TYRANT MUGABE.
M'sia tax deduction methods - Fair?
When non-Malays do their religious obligations, it is NOT tax deductable unless the Church or temple has applied and obtained the approval for tax exemption, which is normally very stringent and seldom approved.. Even if approved the donation is restriced to 7% of your aggregate income. (This has been revised to 10% from YA 2009 for company.) Whereas zakat qualifies for 100% and is deducted from the tax liability.
Example. Ah Chong donate to temple : RM10,000.
His Annual income : RM100,000.
Tax Relief : RM 23,000 (For Individual) + RM 7,000 (For Donation)
Chargable income : RM70,000
Tax payable : RM7,125
Ahmad - same income and relief Chargeable income :
(RM100,000 – RM23,000) = RM77,000
Tax payable : (Rm7125 + 1680) = RM8,805
Less zakat : RM 10,000
Tax refundable : RM (1,195)
Ah Chong has the same annual income & donated the same amount, but he still needs to pay tax of RM7,125 Yet, Ahmad is entitled to a tax refund of RM1,195.
He is also deemed a dutiful tax payer and honours his religious obligations. How do you like that?
THIS IS CRUDE BUT STRAIGHT TO THE POINT !
Do you know that 90% of the people paying income taxes in Malaysia are the non-Malays? Yes, you are one of them.
Malays who are taxable usually prefer to contribute to Zakat (tax deductible from NETT tax) and give to State Religious bodies (not Govt or Income Tax Dept)
PAY YOUR TAXES DUDE, SO THAT THE MALAYS CAN ENJOY THEIR LIVES AND CALL YOU PENDATANGS !
13th GE is your last chance for CHANGE ! If you don't vote to protect your future generation, your children or grand-children may spit on your grave.
Friday, October 21, 2011
understand fall and rise of GOLD
When the US Dollar gets stronger, it takes fewer dollars to buy any commodity that is priced in $USD. When the US Dollar gets weaker it takes more dollars to purchase the same commodity.The price of all US Dollar denominated commodities, like gold, will change to reflect the fact that it will take fewer or more dollars to buy that commodity. So it’s quite possible, in fact it’s almost always the case that a portion of the change in the price of gold is really just a reflection of a change in the value of the US Dollar. Sometimes that portion is insignificant. But often the opposite is true where the entire change in the gold price is simply a mathematical recalculation of an ever-changing US Dollar value.When the dollar gets strong, gold appears to go down, and vice versa. That accounts for part of the fluctuations that we see in the value of gold.The other part is an actual increase in the supply or demand for gold. If the price is higher when being measured not only in US Dollars, but also in Euros, Pounds Sterling, Japanese Yen, and every other major currency, then we know the gold demand is higher and it has actually increased in value.Consequently, if gold is higher in US Dollars while at the same time cheaper in every other currency, then we can conclude that the US Dollar has weakened, and that gold has actually lost value in all other currencies. But the price, because it is being quoted in $USD will be higher and give the illusion of gold becoming more valuable. In such a case the devaluation of gold, due to increased supply on the market, is camouflaged by a weakened US Dollar.Our feature on kitco.com breaks the change of the price of gold into 2 components. One part shows you how much of that change can be attributed to US Dollar strength, or lack of it. The other portion is indicative of how much the price changed as a result of normal trading. Interestingly whatever changes happen to the price of gold as a result of US Dollar strength/weakness also occurs to every other US Dollar denominated commodity by the exact same proportion."
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