Mocking Mind

Monday, September 25, 2006

The End is Here

This blog has ended. I will be migrating to my new blog at "The Faculty of Reason writes".

Thursday, September 21, 2006

This blog is ending : Too much negativities

I have decided to end this blog because there is already too much negativities in it. I am not comfortable with all these. Therefore, this will be the second last post in this blog. In the last post, I will announce my new blog.

May we all have a better days to come.

Wednesday, September 20, 2006

What the hell is wrong with them?

Raced from KT to Kemaman to attend a meeting only to find out that it was postponed to the next day. No notice, no phone call, no SMS.

No sense of logic. no brain, no courtesy, no sense of time. Basically, STUPID, USELESS and WORTHLESS. I wonder who employs these kind of people. Or are they of the same species........

Thursday, September 07, 2006

U-Turn is Fine

What's all these fuss about the lowering of traffic fine? While I don't really care about the fine itself, the U-turning of the decision is a mystery.

Wait! Looking back, perhaps it is not a mystery after all. The government did a U-turn on the Causeway Bridge. Why can't these people be consistant on their decisions?

Tuesday, September 05, 2006

RIP Crocodile Hunter

Condolence to the friends and family of Steve Irwin. A great loss.

Saturday, September 02, 2006

RM3000 VS RM500 : This is What I'm Talking About

The Star Online > Budget2007

Saturday September 2, 2006

RM3,000 tax relief for PC purchase every three years

BUY a personal computer now and you get income tax relief amounting to RM3,000. You are eligible to claim this relief every three years.

In the past, you received a RM500 tax rebate and were eligible for this claim every five years.

The move is aimed at increasing the personal computer penetration rate in the nation. According to statistics recorded last year, 21 out of every 100 people had a computer at home. It has been reported that the Government wants to raise the penetration rate to 40% by 2010.

Broadband penetration is quoted at 1.9 per 100 people.

According to the Government, these rates are significantly lower than those in developed countries.

In a bid to narrow the digital divide between rural and urban populations, the Government is expanding the scope of the Universal Service Provision (USP) Fund.

The fund receives contributions from telecommunications companies and is usually used to develop basic telephony services and Internet infrastructure, as well as bring information communications technology to rural areas.

It will now also be used to introduce broadband infrastructure to villages and smaller towns.

The Association of the Computer and Multimedia Industry of Malaysia (Pikom) expressed disappointment over the change of incentive mechanism from a tax rebate of RM500 to a tax relief of up to RM3,000 as it would only benefit those with a taxable income of RM53,000 and above.

“For example, a person with a taxable income of RM23,000 who buys a PC costing RM3,000 would be paying an income tax of RM185 after the RM500 rebate.

“However, under the new PC tax relief, he would end up paying RM475. The tax would be higher if the PC cost is less than RM3,000,” said Pikom chairman Lee Boon Kok.

“This is not in line with the inspiration to increase the PC penetration rate, particularly among the lower income group,” he added.

However, the association welcomed the move to shorten the period of tax incentive claim on personal computer purchases from five to three years.

Lee said the proposed move to expand the scope of the USP fund to include development of broadband infrastructure as well was also welcome as it would help reduce the urban-rural digital divide.

Budget Wishlist Revisited

Let's compare my wishlist to the announced budget.

1. Income tax relief of RM12000 for self - NO
2. Income tax relief of RM8000 for spouse - NO
3. Income tax relief of RM2000 for child - NO
a. All fuel subsidy revoked - NO
b. Income tax relief for petrol vehicles 2litres and below to offset fuel costs - NO
c. Income tax relief for installation of NGV - NO
d. Income tax relief for hybrid cars - NO
e. Income tax relief for public transport company - NO
f. Increase tax on petrol cars of 2.4liters and above - NO
5. Tax free for all electronics and computers - NO
6. Allocate humungous sum of money for advancement of agriculture - YES
7. Subsidise community solar generation projects - Part only bordering on NO
8. Better distribute projects to 3 lowest income state (Perlis, Kelantan, Pahang) - Only Perlis. Kelantan will remain with PAS. Pahang will fall to the opposition next election!!!!
9. Allocate some fund to Cyberjaya - NONE
10.2 months bonus for government servants paid out in 12 months installments starting Jan 2007 - Partly YES

Friday, September 01, 2006

RM3000 tax relief VS RM500 tax rebate

It was reported in the news for 2007 there will be a RM3000 tax relief for computer purchases. Previously there was a RM500 tax rebate.

One look and most people will be happy with RM3000 instead of just RM500. Please look at it again. The tax rebate is to be deducted from the amount we need to pay. The tax relief is to be deducted from the income needed to be taxed. If my calculation is correct, that RM500 is of higher monetary value.

In short, this is not good news!