People's Guide to to the Budget 2012

ShaunSA

ShaunSA

Derailment Squad
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http://www.treasury.gov.za/documents/national budget/2012/guides/People's Guide 2012 - English.pdf

A packet of 20 cigarettes will cost 58 cents more;
• A 750 ml bottle of liquor (spirits) will cost 6 rands more;
• A 340 ml can of beer will cost 9 cents more and a
340 ml can of cider will cost 8.84 cents more;
• A litre of wine will cost 18 cents more;
• General fuel levy increases by 20c a litre, and the Road
Accident Fund levy increases by 8c a litre;
• Electricity levy increased by 1 cent / kWh
Click to expand...
 
• A 750 ml bottle of liquor (spirits) will cost 6 rands more; Read: R20 @ store
• A 340 ml can of beer will cost 9 cents more Read: R1.20 @ store
• 340 ml can of cider will cost 8.84 cents more; Read: R1.10 @ store
• A litre of wine will cost 18 cents more;
• General fuel levy increases by 20c a litre, and the Road
• Accident Fund levy increases by 8c a litre;
• Electricity levy increased by 1 cent / kWh

.... Sadly what is said here does not translate into th real world.
 
R13... said:
Document won't load or is too slow. So no tax breaks? What's the rebate now?
Click to expand...

Individuals and special trusts
Taxable Income (R) Rate of Tax (R)
0 - 160 000 18% of taxable income
160 001 - 250 000 28 800 + 25% of taxable income above 160 000
250 001 - 346 000 51 300 + 30% of taxable income above 250 000
346 001 - 484 000 80 100 + 35% of taxable income above 346 000
484 001 - 617 000 128 400 + 38% of taxable income above 484 000
617 001 and above 178 940 + 40% of taxable income above 617 000
Trusts other than special trusts Rate of Tax - 40%
Tax Rebates
Rebates
Primary R11 440
Secondary (Persons 65 and older) R6 390
Tertiary (Persons 75 and older) R2 130
Click to expand...

I have created a thread for the Tax Pocket Guide

http://mybroadband.co.za/vb/showthread.php/406503-Tax-Pocket-Guide-2012
 
Relief at the top tax bracket is in the region of R400 a month.
Fairly sure the restructure of tax relief on medical aid contributions more than wipes that out though?
 
I think that that was kind of the point. Freeing more money for the poor. They couldn't give a **** about you or I.

More voters in this country never pay a cent of tax that voters that do, and probably by a factor of 10.
 
fdaniels said:
I think that that was kind of the point. Freeing more money for the poor. They couldn't give a **** about you or I.

More voters in this country never pay a cent of tax that voters that do, and probably by a factor of 10.
Click to expand...

Hence the reason why we're getting ass rammed!
 
fdaniels said:
I think that that was kind of the point. Freeing more money for the poor. They couldn't give a **** about you or I.

More voters in this country never pay a cent of tax that voters that do, and probably by a factor of 10.
Click to expand...


pretty sure from what I have seen the poor will be suffering nicely thanks to the sin taxes..
 
General fuel levy increases by 20c a litre
Click to expand...

By the same argument that for example Cape Town won't have to pay for our road upgrades in Gauteng, surely Gauteng motorists should get some rebate seeing we're going to be tolled instead?
 
I am curious as to whether or not losses on gambling can be claimed? If it is regarded as carrying on a trade then it has to be, if its only on winnings, thats surely unfair?
 
The new message if you read between the lines is 'spend, don't save'.
 
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