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ACSBR Taxation

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2 points

Singaporeans who earn a higher income should pay a higher percentage of tax as they have a higher buffer of excess income after paying for their basic needs.

The taxes collected from the wealthier can be used for:

1. Government spending (e.g. military, education, public housing)

2. Redistributing wealth to the needy (e.g. health care subsidies, subsidised rental)

3. Reserves for the future.

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