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Thread: Don't know what to say.

  1. #11
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    Facts - There is very little ultra low risk investments giving 2.5% - 4% returns. I can't think of even 1.

    Facts - Ever since he has complained about OCR prices, those who bought already collected a few hundred thousands rental. Continue to complain while other people continue to collect rental. Even those who bought new units (eg: Glades studios) are seeing 100 to 150k paper gain already. Launch price was 600+k. Now already 800k++.

  2. #12
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    minority,
    Wow!
    Didn't know you the BIGGEST LIAR here is still around to spill more LIES!!!!!!!!!!!!
    The BIGGEST LIAR here calling other people BULLSHIT? Wow wow wow!!!!!!!!!!!

    Before you spill more LIES, why don't you clarify your previous LIES:

    minority,
    Since you are still around here, why not you confirm to us whether you are claiming that Olam (majority controlled by Temasek) has rigged its book in order to avoid paying taxes on capital injection???? (since you claimed that PUB must pay taxes on Gov's capital injection!)

    Quote Originally Posted by teddybear View Post
    Wow!
    minority the BIGGEST LIAR here is still around and continue to spill more LIES??????

    minority,
    Since you are still around here, why not you confirm to us whether you are claiming that Olam has rigged its book in order to avoid paying taxes on capital injection???? (since you claimed that PUB must pay taxes on Gov's capital injection!)

    The truth actually is, your statement suit you very well:
    DONT COME F**K LIE LAH.

    BLOODY LIAR!!!!

    Quote Originally Posted by teddybear View Post
    minority,

    More bullshit from you? Ha ha ha!

    If capital injection must be included as revenue/profit, then why Olam put "Capital Injection" as an item in "Cash flows from investing activities"?

    You can see the FACTS here in Page 19:
    http://49tmko49h46b4e0czy3rlqaye1b.w...eport_FY16.pdf

    So, if based on what you said, capital injection must be included as revenue/profit, then are you telling us that Olam is then trying to avoid income taxes by putting "capital injection $" as "Cash flows from investing activities"?

    You claimed that:

    SHOW ME IN IRAS SAY GOVERNMENT CONTRIBUTION ARE NOT TAXABLE?? SHOW ME!!! PROVE ME WRONG!
    ...
    COMPANY A NEGATIVE GET A CONTRIBUTION FROM COMPANY B AND A END THE BOOKS POSITIVE! SO SHOULD HAVE NO TAX!!!???? WTF LOGIC???


    Based on what you claimed, Olam should have reflected the "capital injection $" into revenue/profit in Income Statement and pay the corporate income taxes for this amount! By putting "capital injection $" in "Cash flows from investing activities", Olam has avoided paying corporate income taxes for this amount!

    So minority, are you accusing Olam of trying rig its book to avoid paying income taxes (and considering that Olam if majority-controlled by Temasek!)????????

    minority,
    Don't come here to bullshit to malign Olam and Temasek ok?!

    Quote Originally Posted by minority
    OH HOW IS INJECTION INTO A COMPANY NOT BE CONSIDERED INCOME? DIDN'T THE BOOKS END UP POSITIVE AFTER??? SHOW ME IN IRAS SAY GOVERNMENT CONTRIBUTION ARE NOT TAXABLE?? SHOW ME!!! PROVE ME WRONG!


    SO A F**K LIKE YOU RUN COMPANIES

    COMPANY A NEGATIVE GET A CONTRIBUTION FROM COMPANY B AND A END THE BOOKS POSITIVE! SO SHOULD HAVE NO TAX!!!???? WTF LOGIC??? COZ BOOKS WAS POSITIVE BEFORE INJECTION???

    AND COMPANY B WAS POSITIVE BUT AFTER THAT CONTRIBUTION TO A BECOME NEGATIVE??? SO NO TAX FOR COMPANY B TOO?????

    DONT COME F**K LIE LAH.

    FACT IS BOOKS WAS POSITIVE AFTER CONTRIBUTION THUS TAX ARE PAID!

    SO DONT COME TWIST THE FACT THAT PUB WAS NEGATIVE BEFORE GOVERNMENT CONTRIBUTION!!!

    COME COME U DONT AGREE I CHALLENGE U GO MAKE A POLICE REPORT ON CORPORATE FRAUD!!!! GO!!! SHOW US LEH!!!!


    BLOODY LIAR!!!!

    Quote Originally Posted by minority View Post
    USUAL BULLLSHIT... one moment say 80 then slowly move to 85 then change to some other age again when debunked. I SMELL LOADS OF BULLSHIT

  3. #13
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    When I see such phrases, it always make me laugh until I fall off the chair.............

    You don't even know me and you said you know more about financial instruments than I?
    This is sure sign of dog eye see people low and tarzan don't know oh yee oh? Ha ha ha!
    When we hear people said such thing, we know their capability are likely limited and their eyes are short-sighted, no doubt about it!

    Quote Originally Posted by Hakuho View Post
    Not disputing the tax part, but it is his choice.

    I know more about financial instruments than you la.

    So, according to you, bond investors are also financial idiots ?

  4. #14
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    You said:
    very little ultra low risk investments giving 2.5% - 4% returns?
    If so good did you VOLUNTARILY put ALL your SPARE MONEY into CPF?

    If so good they don't even need to force people to contribute to CPF and mandate that they must keep minimum of $171,000 in their CPF! They can make CPF voluntary and still many people will VOLUNTEER WILLINGLY to contribute without even being forced!

    Quote Originally Posted by thomastansb View Post
    Facts - There is very little ultra low risk investments giving 2.5% - 4% returns. I can't think of even 1.

    Facts - Ever since he has complained about OCR prices, those who bought already collected a few hundred thousands rental. Continue to complain while other people continue to collect rental. Even those who bought new units (eg: Glades studios) are seeing 100 to 150k paper gain already. Launch price was 600+k. Now already 800k++.

  5. #15
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    Mar 2009
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    You are one of the oldest bird here and why you didn't read the forum postings here:
    http://forums.condosingapore.com/sho...802#post523802

    Or you read already but still cannot understand??????

    Quote Originally Posted by Arcachon View Post
    I must have miss something what extra taxes, can share.
    Quote Originally Posted by teddybear View Post
    More independent calculations by others, which tally with my calculations that if a male can only live till 80 years old, you LOSE MONEY BIG BIG under CPF Life!
    Why so?
    Please read article in below link..............
    https://leongszehian.com/?p=14766

    Male has to live beyond age 90 to be better off under CPF Life Standard Plan

    I used the CPF Life Payout Estimator on 14 January 2017 with a male date of birth of 12 January 1962 (age 55) and $166,000 in the Retirement Account – the results for the Life Standard Plan – monthly payout from age 65 is $1,289 – $1,420 – Bequest at age 65 ($239,344 – $249,632), age 75 ($79,172 – $84,572) and age 85 ($0).

    After withdrawing $1,355 ($1,289 + $1,420 divided by 2) monthly until age 75, the account balance is estimated to be about $178,000.

    Worse off by $96,128 at age 75?

    So, does it mean that if one dies at age 75, he would in a sense, have lost about $96,128 ($178,000 – $81,872 ($79,172 + $84,572 divided by 2) bequest)?

    After withdrawing $1,355 monthly until age 85, the account balance is estimated to be $74,325.

    Worse off by $74,325 at age 85?

    So, does it mean that if one dies at age 85, he would in a sense, have lost about $74,325 ($74,325 – $0 bequest).

    By the way, what is the bequest at age 80?

    The account is estimated to become $0, after about 25 years, or after about 90 years old.

    Live beyond age 90 to be better off?

    In other words, does it arguably, mean that one has to live beyond age 90, in order to be better off under the CPF Life Standard Plan, compared to just making monthly withdrawals from one’s Retirement account, until the money runs out.

    Of course this option to make monthly withdrawals until the money runs out (the former CPF Minimum Sum scheme withdrawal) is no longer available with CPF Life being mandatory now.

    What is the probability that a male will live beyond age 90?


    Female has to live beyond age 93 to be better off
    Similarly, if you are a female, your estimated monthly life annuity is lower at about $1,262 – and correspondingly, does it mean that you may have to live beyond age 93 in order to be better off
    So, what’s the probability of a female living beyond age 93?
    Quote Originally Posted by teddybear View Post
    minority,

    Wow! More falsehoods and half-truths from you again, quoting those people who failed their Math or trying to propagandizing half-truths and lies....

    Let me just tear through your falsehoods and LIES and half-truths with HARD-TRUTH MATHEMATICS that cannot be faked (and not empty numbers with nothing to back up as told by these people)...

    Assumptions: ( Exactly same as http://dollarsandsense.sg/is-the-cpf...ally-that-bad/ )
    1) Drawdown age remains at 65 years old
    2) Payout remains at S$1,200
    3) Current interest rates of CPF will remain unchanged
    4) The minimum sum of S$155,000 is attained at age 55 years old
    5) Life expectancy based on World Bank is at 82.1 years old
    6) Ten year average inflation based on World Bank at 2.73%



    FALSE results/conclusions from http://dollarsandsense.sg/is-the-cpf...ally-that-bad/ )
    Results:
    1) The amount accumulated at age 65 is approximately S$216,000
    2) The effective interest rate is 3.32% per year
    3) It takes 21 years and 4 months to completely wipe out the S$216,000
    4) There will still be S$67,100 in the CPF, when an individual survives until 82.1 years old

    - Don't know whether this person failed his MATH or he is trying to lie???


    REAL HARD-TRUTH RESULTS (from me, BACKED UP BY FACTS and REAL MATH!!!...):
    Results:
    1) If a MALE has S$155,000 in CPF Retirement Account at age 55 years old, The amount accumulated at age 65 is ACTULLY approximately = $242,000 (NOT $216,000!)
    (based on 4% interest paid by CPF, with an extra 1% for the first $60,000, and an additional extra 1% for the first $30,000).

    2) The effective interest rate DEPENDS ON HOW OLD YOU CAN LIVE!

    3) How many years and months it takes to completely wipe out your amount of $242,000 depends on how much interest CPF Life is actually paying you (other than the known payout amount per month)!!! So you just need to know what is the interest/return you are getting from CPF Life to a certain age and you will know whether you are getting the raw end of the stick!!

    4) CPF Life states that BEQUEST is ZERO when a MALE hits 85 years old!!
    CPF Life states that BEQUEST is about $40,000 when a MALE hits 75 years old!!!
    CPF Life never says what is the BEQUEST for a MALE at 82.1 years old, so how does that author obtain "There will still be S$67,100 in the CPF, when an individual survives until 82.1 years old"???
    Is he trying to inflat the real figure for BEQUEST to make you all feel good???
    Anyway, FACT is, CPF Life document states that BEQUEST is about $40,000 when a MALE hits 75 years old, and hence there is NO WAY that BEQUEST can increase and become $67,100 when a MALE hits 82 years old (as CLAIMED by this author!)

    5) So what is the REAL effective interest rate if you can live till 82 years old? (ok ok, I use 82 to make minority happy and don't keep arguing on the age number, those REALLY, on average about 50% of 1960s born cohort would have died by 65 years old!)
    Amount at age 55 = $155,000
    Amount at age 65 = $242,000
    Payout per month = S$1,200
    Assume age you live till = 82
    REAL CPF LIFE RETURN = 0.13% !!!!!!!!!!!!!!!!!!!!!
    YES, THAT IS TRUE, "0.13%"!
    (How do I get the "0.13%"? Use online calculator!)
    So, if you can live till 82 years old, CPF LIFE only pays you an INTEREST = 0.13% !!!!!!!!!!!!!!!!!!!!!!!


    HO HO HO, LIES, FALSEHOODS exposed within HALF-TRUTHS!!!!!


    ********** CONCLUSION: **********
    This guy's statements contains FALSEHOODS mixed in HALF-TRUTHs!!!
    So, either this guy at dollarsandsense.sg FAILED his MATH and is misleading people with his article or he is outright LYING through his TEETH!!!

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