Wrote Off $1k from Net Worth on the Most Hated Expenditure Of The Year

The Only 2 Certainties in Life are Death and Taxes.

We as humans could not avoid both Death and Taxes.

I logged in to IRAS portal and decided to write off whatever amount it shows, from my net worth today.

$1.1k is not a very large amount but it still pains a little when contributing to nation building of Singapore. However, considering that this amount could have been much bigger if not for my SRS contributions, CPF cash top-ups and charity donations, I would usually pay off in one lump sum instead of opting for interest-free instalments from GIRO deductions.

Before the pandemic, I would use miles credit card to pay off income taxes, incurring a small admin fee, in order to earn miles. However, as earning miles do not give any short-term benefit due to heavy restrictions on leisure travelling, I decided to use cash to pay off my income taxes.

There it goes, my small part contribution towards nation building.

Thanks for reading. As always, stay safe and remain strong.

With love & peace, 

Qiongster