Its time for Tax Assessment

D.YU · 25-05-2023, 09:26 PM

Originally Posted by vmlinuz:

Uh, if you're paying over 150k in taxes after every eligible deduction, you're earning very serious money, and would be absolutely fleeced anywhere else in the developed world. Suck it up and enjoy your tax haven rates!

Please. Everyone on GEO is raking in real money and probably paying 0 taxes lol

vmlinuz · 25-05-2023, 09:50 PM

Originally Posted by D.YU:

Please. Everyone on GEO is raking in real money and probably paying 0 taxes lol

Thank you. No they're not.

shree711 · 26-05-2023, 01:27 AM

Originally Posted by D.YU:

As an expat living in HK, I realized how unreasonable and unfair the tax system is for foreigners.

My GF has deductions for her parents which can deduct 200,000. While she is living with her parents at their flat (fully owned), little to no expenses. She doesnt really need to support her parents.

While for expats, since my parents are living overseas, I am not eligible for any deductions, while I am supporting them heavily.

Want to attract more foreign talents? Fix some of these outdated bs tax deductions. end of rant.

Don't sympathise with anything in this quote at all. You cannot give out deductions on the basis of people who do not live in the jurisdiction.

Crankshaft · 26-05-2023, 02:31 PM

Originally Posted by D.YU:

Please. Everyone on GEO is raking in real money and probably paying 0 taxes lol

Why would they be paying zero tax?

D.YU · 27-05-2023, 12:06 AM

Originally Posted by Crankshaft:

Why would they be paying zero tax?

I was joking with sarcasm. Man, you guys take things for face value only.

Crankshaft · 27-05-2023, 12:37 AM

Originally Posted by D.YU:

I was joking with sarcasm. Man, you guys take things for face value only.

Maybe if your sarcastic jokes were any good then it would be easier to spot.

D.YU · 27-05-2023, 04:34 PM

Originally Posted by Crankshaft:

Maybe if your sarcastic jokes were any good then it would be easier to spot.

Maybe it wasnt funny. but Gee, If you had an ounce of intellect, it was pretty obvious I wasnt serious.

Crankshaft · 27-05-2023, 04:59 PM

Originally Posted by D.YU:

Maybe it wasnt funny. but Gee, If you had an ounce of intellect, it was pretty obvious I wasnt serious.

Yeah, it was just so randomly bad that it actually confused me and I don't seem to be the only one. But fair enough, I should have known. Maybe us "circle jerks" on this "trash site" should just lighten up a bit.

chobochobo · 29-05-2023, 09:07 AM

Coming from the UK which already has a super easy taxation system (they take it all before you can even miss it), I thank god that the HK system is still relatively easy and nothing like the horror show that the US system seems to be.

D.YU · 29-05-2023, 10:33 AM

Originally Posted by chobochobo:

Coming from the UK which already has a super easy taxation system (they take it all before you can even miss it), I thank god that the HK system is still relatively easy and nothing like the horror show that the US system seems to be.

Yes. No argument there.

I am just saying within HK, there are some areas that I find unfair especially for the higher income earning expats vs high income earning locals.

A quick update: finished my tax filings and my dues for this year is over 160k. There goes most of my bonus lol.