5.8% of the population is paying about 92% of all personal tax

MightyQuin

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Lol no. Deduction. Not even that, because in this case it is obvious what implications are there.

They teach these things in school. Or used to.
And what may they be?

Apart from the proportion of dollar-millionaires who were white in South Africa dropped by 31.1% between 2007 and 2015. Their 86.2% share of wealth in 2007 dropped to 55.1% by 2015. That’s some dramatic wealth equalization among the races (in the wealthiest classes). I wonder what has happened in the 5 years since then??

But oh dear... a full 3,000 South African High Net Worth Individuals (HNWIs), emigrated over the past 10 years. Among the top push factors? Load-shedding, crime, land redistribution without compensation and the possible nationalization of healthcare.
 

R13...

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And what may they be?

Apart from the proportion of dollar-millionaires who were white in South Africa dropped by 31.1% between 2007 and 2015. Their 86.2% share of wealth in 2007 dropped to 55.1% by 2015. That’s some dramatic wealth equalization among the races (in the wealthiest classes). I wonder what has happened in the 5 years since then??

But oh dear... a full 3,000 South African High Net Worth Individuals (HNWIs), emigrated over the past 10 years. Among the top push factors? Load-shedding, crime, land redistribution without compensation and the possible nationalization of healthcare.
What?! You assume the minority to mean white?
 

TangoSA

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Time for a 1 child policy, if you are reliant on a grant, government will help if you have 1 child only. 2 or more and grant is off the table.

Surprised no one is talking about this elephant in the room...population growth is unsustainable at this rate. Economy will never grow enough to absorb all the job seekers. Hence tax will never grow as these job seekers will never pay PAYE.

And, as other posters have said, a lot of people are emigrating, taking their business knowledge with them.

My 2c.
 
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TelkomUseless

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Time for a 1 child policy, if you are reliant on a grant, government will help if you have 1 child only. 2 or more and grant is off the table.

Srprised no one is talking about this elephant in the room...population growth is unsustainable at this rate. Economy will never grow enough to absorb all the job seekers. Hence tax will never grow as these job seekers will never pay PAYE.

And, as other posters have said, a lot of people are emigrating, taking their business knowledge witht hem.

My 2c.
ANC will never touch their voter base.
 

zippy

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What proportion of the adult population is working? A more accurate metric is what proportion of the working population is paying tax. Then an interesting breakdown is the tax contribution by income bands which can be wide.

The metric posted by OP might rather be highlighting a serious unemployment problem rather than an unfair tax system, which I think is what he is alluding to. Which is interesting coming from a high Tory, because unfair tax systems are their main selling point.
 

SlinkyMike

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It's kind of funny, as someone who is labeled a "commie" on this website that you all are in a frothy because not everyone is contributing equally to the national coffers.

Either you don't want to pay taxes at all (there likely are one or two moron ancaps lurking but I'm assuming that's a small minority) or you are asking for some degree of (at the very least socialism), i.e.: government needs to fix potholes so everyone needs to contribute.

Anyway, as you were. None of this makes sense. Shrug, keep walking.
 

SlinkyMike

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What proportion of the adult population is working? A more accurate metric is what proportion of the working population is paying tax. Then an interesting breakdown is the tax contribution by income bands which can be wide.

The metric posted by OP might rather be highlighting a serious unemployment problem rather than an unfair tax system, which I think is what he is alluding to. Which is interesting coming from a high Tory, because unfair tax systems are their main selling point.
Everyone pays tax. You are referring to personal income tax I assume but everyone pays taxes whenever they purchase goods, for the record.
 

BBSA

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What proportion of the adult population is working? A more accurate metric is what proportion of the working population is paying tax. Then an interesting breakdown is the tax contribution by income bands which can be wide.

The metric posted by OP might rather be highlighting a serious unemployment problem rather than an unfair tax system, which I think is what he is alluding to. Which is interesting coming from a high Tory, because unfair tax systems are their main selling point.
Regardless if it is fair or not, it doesn't seems to be substaniable. The obvious solution is to grow the economy and increase the tax base. You not going to accomplish long term growth by take from the people who knows how to create wealth and jobs and give to the people who doesn't.
 

diapason

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Where did he get 7 million taxpayers from ?

SARS latest report showed around 4 million taxpayers: Link
Then we have around 1.2 million government employees , so in real terms he have roughly 2.8 million people supporting 60 million....
The report refers to assessed tax payers. Those earning below R500k pa from a single employer are not assessed, but do pay tax if earnings are above the exempt limit,
 

SlinkyMike

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It would be great if we could scrap income tax and simply pay tax on products and services so it forces everyone to contribute to the econemy.
...huh? That's already happening.

I mean, just a sanity check here because some folks in this thread are just running with the lie that some people are tax exempt because they are black.

That's not the case at all, some people do not have jobs, or they earn under the taxable amount, and so they do not pay income tax, but they still pay VAT. ...Right? ...Anybody? Am I taking crazy pills?

Perhaps ironically, tax evasion and avoidance is common among wealthy people - are you not aggravated by this at all?

I'm not supporting the governments utterly rabid corruption but that's its own thing. You can bash people as ignorant voters for that but not as taxpayers or non-taxpayers

Also: *economy
 

DreamKing

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...huh? That's already happening.

I mean, just a sanity check here because some folks in this thread are just running with the lie that some people are tax exempt because they are black.

That's not the case at all, some people do not have jobs, or they earn under the taxable amount, and so they do not pay income tax, but they still pay VAT. ...Right? ...Anybody? Am I taking crazy pills?

wrong, businesses with turnover less than R1million annually are VAT exempted.

so their customers have no liability to pay VAT.
 

SlinkyMike

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wrong, businesses with turnover less than R1million annually are VAT exempted.

so their customers have no liability to pay VAT.
Of course, that is my mistake but obviously that's not actually my point. Thanks for the correction.
 
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