I have updated the very popular Salary.sg income comparison calculator.
The previous version of this calculator uses data from Iras 2005/2006 Annual Report.
Now that Iras has released its 2006/2007 Annual Report, it is time that I refresh my little tool.
With this tool, you can see how you stack up against the competition in YA2007. By “competition”, I mean resident taxpayers, i.e. you are comparing yourself with other Singapore residents who pay taxes.
The data that I used are found in Appendix 5 in the Iras report.
Here’s the tool. Just enter your annual income and click the Submit Query button to compare your income with fellow resident taxpayers.
Interestingly, an income of $100k places the taxpayer at the 82.2th percentile this year, whereas the same income places him at the 83.1th percentile. What gives? Are there more people making indescribable amounts of money?