The price of car ownership is no doubt extremely costly in Singapore. But that is to offset the cost of public transport, reduce traffic and of course generate revenue. I lost count of how many BMWs I have seen parked in HDB parking lots though :)
> furthermore, there's a lot of taxes we need to pay and we don't even know where these tax goes to!
However in my opinion this is something I do not agree with, taxes in Singapore are extremely low. The highest tax rate is 20% at that is on $320,000 and above, 7% GST ( which is applicable for businesses above $1m income). Then there are annual GST rebates, spouse rebates etc.