Pay as little tax as possible

[Shaun Jacobs]

Pay as little tax as possible

Efficient Group chief economist Dawie Roodt urged South Africans to minimise their tax burden as much as legally possible as they are overtaxed by the state.

 

[Bad Ballie]

Totally agreed, and completely doable to some extent.

 

[Flojo]

overtaxed is an understatement

 

[Mike Hoxbig]

Didn't we get an article from the same guy saying the same thing a few times before? Did he bump his ad spend this month?

 

[Werner1975]

How is that possible for me when the company deducts tax before I get my pay?

 

[Mike Hoxbig]

How is that possible for me when the company deducts tax before I get my pay?

Don't ask questions that affect ordinary people here. Apparently we're all super rich like the renowned economist, and paying other sorts of taxes that we can minimise...

 

[Stiggs]

How is that possible for me when the company deducts tax before I get my pay?

PAYE is not final. It is an estimate, settled when you file, so a deduction still pays out as a refund long after the money left your payslip.

The article names the options but not the size of them. R2 000 a month into an RA, 2026/27 tables: on R600k taxable income you get R8 640 back, so it actually costs you R1 280 a month. On R800k, R9 360 back.

The ceiling is 27.5% of taxable income, and if you are on a company pension or provident fund those contributions already use part of it.

 

[EmmanuelGoldstein]

Didn't we get an article from the same guy saying the same thing a few times before? Did he bump his ad spend this month?

Yes we did, too lazy to search now

 

[vigras rojara]

Didn't we get an article from the same guy saying the same thing a few times before? Did he bump his ad spend this month?

Maybe he said it again. I am concerned that Dawie might have developed Alzheimers - that would be the end of an era.