The truth about tax in South Africa

James

James

MyGaming Alumnus
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South Africa has far fewer taxpayers than the SA Revenue Service (Sars) professes there to be, trade union Solidarity said on Sunday.

"According to Sars there are 13.7 million taxpayers in the 2012/13 tax year," Solidarity Research Institute (SRI) senior economics researcher Paul Joubert said in a statement.

"Actually only 3.3m taxpayers pay 99 percent of all income tax, while only 2.3m pay 93 percent and 1.5m are responsible for 84 percent of income tax,"...read more here: The truth about tax in South Africa
 
<5m taxpayers supporting 50m people. Add government inefficiency/corruption and unsurprisingly nothing gets done.

The crap part is there isn't much that can be done about it - the 45m are not capable of carrying tax. Would be nice if the gov fixed its corruption & inefficiency problems though.
 
HavocXphere said:
<5m taxpayers supporting 50m people. Add government inefficiency/corruption and unsurprisingly nothing gets done.

The crap part is there isn't much that can be done about it - the 45m are not capable of carrying tax. Would be nice if the gov fixed its corruption & inefficiency problems though.
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there's 50 million people in south africa????
 
Fivel said:
Explain what you mean by 'messing with tax'? It's SARS' job to set the tax regime, not so?
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They are changing CGT and Medical Aid system. I don't mind the new CGT rate but medical aid contribution system is Bull in my opinion.
 
Ike_009 said:
They are changing CGT and Medical Aid system. I don't mind the new CGT rate but medical aid contribution system is Bull in my opinion.
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I still need to find a medical aid. Maybe I'll wait until after the announcement.
 
czc said:
I still need to find a medical aid. Maybe I'll wait until after the announcement.
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Its a R230 rebate for you and a 2nd R230 for a 2nd dependent. From there add R154 for additional dependents.

Now that's a rebate so divide it by your marginal tax bracket to get to a Rand value for practical purposes per month.
Thus R230/ 40% is R575 per month and at 18% (lowest tax bracket for low incomes) is 230/ 18% = R1278 per month.
Am I the only one who doesn't get this, low income use state hospitals, high income use private medical aid and no state funds. Thus if your rich your discouraged from using a private fund when instead you could encourage independence rather than increasing patients using state hospitals.
 
Ike_009 said:
Its a R230 rebate for you and a 2nd R230 for a 2nd dependent. From there add R154 for additional dependents.

Now that's a rebate so divide it by your marginal tax bracket to get to a Rand value for practical purposes per month.
Thus R230/ 40% is R575 per month and at 18% (lowest tax bracket for low incomes) is 230/ 18% = R1278 per month.
Am I the only one who doesn't get this, low income use state hospitals, high income use private medical aid and no state funds. Thus if your rich your discouraged from using a private fund when instead you could encourage independence rather than increasing patients using state hospitals.
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I dont think that if you are better off a few hundred Rand will make a huge difference, you wouldnt use a government hospital in any event - if I understand your point.
 
Fivel said:
I dont think that if you are better off a few hundred Rand will make a huge difference, you wouldnt use a government hospital in any event - if I understand your point.
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Thus why I'm studying Accounting and not English
 
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