66% income tax

[baasvandieplaas]

This country is becoming like its nothern african counterparts, maybe that should rename south africa to southgeria.

More and more decisions made by out incompetant ministers are making me thinking of closing my company and f#ck off to another country

 

[killadoob]

dont think dude do it do it now

if you can leave this country wtf are you still here

 

[(DmZ)Wrecky]

Stay or go, whatever you do, do it with conviction.

 

[Rkootknir]

Change the rules... Vote accordign to your tax contribution. The more tax you pay the more votes you get... After all it is your money the gov is working with. The more they take the bigger say you have.... Maby then the gov will be better.

Hey, there used to be a system like this. It was called Feudalism. The serfs (poor people) worked for the lords (rich people) and the lords got to tell the serfs how to live their lives.

Luckily this system died in the 1300s.

 

[(DmZ)Wrecky]

Hey, there used to be a system like this. It was called Feudalism. The serfs (poor people) worked for the lords (rich people) and the lords got to tell the serfs how to live their lives.

Luckily this system died in the 1300s.

Feudalism appeared as recently as the nineteenth century in Ethiopia and the American South. #wiki#

The principle of "lords","vassals" and "fiefs", as in Feudalism is not the same as voting according to contribution.

Should I have 10 votes because of my contribution and some1 else only 1 vote becasue he sits at home and make no contribution to the economy, this is not Feudalism. I am not letting my land for his obligation to fight for me.

I am working for the gov (via tax) and deserve more right to say..

 

[Arzy]

The article was published in both Rapport and The Star I believe. It was a dicussion relating to the suggested Basic Income Grant and the effects thereof on the economy, taxation etc.

 

[dlk001]

This sounds more like "I read something but I don't know and remember what it's about"

Why do we bother discuss it?

 

[sonxEr77]

dont think dude do it do it now

if you can leave this country wtf are you still here

Ya! I heard lot of ppl saying that but still here now for over 2/3yrs.. I think it ain't easy killadoob guys face't.. We are stuck in this country with all these problems, lets find a way to leave with them!

 

[telkomsuig]

http://www.news24.com/Rapport/Sake-Rapport/0,,752-803_2035737,00.html

 

[sonxEr77]

http://www.news24.com/Rapport/Sake-Rapport/0,,752-803_2035737,00.html

English please!

 

[Nick333]

Of course only the Rapport would report the ravings of some minor lunatic as if they actually had some bearing on what is likely to happen. Why?
Because the readership of the Rapport has a perverse persecution complex. Taxation in this country has steadily gotten less since 1994. Does anybody remember the sort of taxes we (in my case my parents paid) in the old SA? Now that was supporting somebody, somehow I don't think it was the poor.

 

[Bloekom]

http://www.news24.com/Rapport/Sake-Rapport/0,,752-803_2035737,00.html

Rapport se berig.

 

[Vrotappel]

English please!

Learn Afrikaans! It's an Afrikaans newspaper!

 

[Vrotappel]

Of course only the Rapport would report the ravings of some minor lunatic as if they actually had some bearing on what is likely to happen. Why?
Because the readership of the Rapport has a perverse persecution complex. Taxation in this country has steadily gotten less since 1994. Does anybody remember the sort of taxes we (in my case my parents paid) in the old SA? Now that was supporting somebody, somehow I don't think it was the poor.

Did you actually read the article? The 'minor lunatic' you refer to is a Minister.

 

[diabolus]

66% tax rate isn't out of the ordinary (especially in some nordic countries) , BUT guess what :

When the tax rate is that high, you don't pay to study [school+university] and get -proper- + FREE medical care....your taxes pays for that....

Problem here in SA, we get NOTHING out of our taxes, they dont even build infrastructure..instead they rename cities. Even after all the taxes we pay, we still don't have medical care and the whole educational system is falling apart....


http://www.heritage.org/research/features/index/country.cfm?id=SouthAfrica

According to Deloitte, South Africa's top income tax rate is 40 percent. The corporate tax rate is 30 percent.

The Embassy of Denmark reports that Denmark's top income tax rate is 59 percent, up from the 26.5 percent incorrectly reported in the 2005 Index.

Now...what you don't see is what you get back for paying those taxes.

 

[MyDraadloos]

The main difference between the rich and the poor is in how they think about money. The rich will think of ways to make more, while the poor man simply thinks of how he will spend it.

This will mostly be a tax on the people that are already greasing the wheels of SA economy.

The other point is that goverment simply can't be trusted to make a good job of distributing it.

Any knobhead with an ID will be able to get this ....... and we know how easy it is to get one.

The only companies that stand to benefit from this is Iwisa, SAB and BAT.

 

[Syndyre]

66% tax rate isn't out of the ordinary (especially in some nordic countries) , BUT guess what :

When the tax rate is that high, you don't pay to study [school+university] and get -proper- + FREE medical care....your taxes pays for that....

Problem here in SA, we get NOTHING out of our taxes, they dont even build infrastructure..instead they rename cities. Even after all the taxes we pay, we still don't have medical care and the whole educational system is falling apart....

Exactly, you can't even begin to compare the benefits you get in those countries compared to here. Even the services we're supposed to get for free e.g. policing/security you have to pay for again via a private security firm.

 

[nthdimension]

Isn't the DA a supporter of the basic income grant?

Firstly we have no indication of the details of their calculations. This increase in the upper rate from 40% to 66% is based, according to the article, on tax revenue of four years ago. My information is that the revenue service has been more effectively collecting tax which is why they have been able to lower the rate every year while actually collecting more tax.

The tax rates in this country have been reduced dramatically since the country changed hands. Admittedly the money is no longer going such good causes as invading neighbouring countries, torturing dissidents or effectively providing education and health care exclusively to white people, but no government is perfect.

 

[nthdimension]

The main difference between the rich and the poor is in how they think about money. The rich will think of ways to make more, while the poor man simply thinks of how he will spend it.

Have you ever been poor? If not then you have no idea what you're talking about.

Easy to talk about using your money to make more money when you have ample supply.

 

[Rkootknir]

Feudalism appeared as recently as the nineteenth century in Ethiopia and the American South. #wiki#

The principle of "lords","vassals" and "fiefs", as in Feudalism is not the same as voting according to contribution.

Really? So you're not discriminating according to class (which is almost always linked to wealth)?

Should I have 10 votes because of my contribution and some1 else only 1 vote becasue he sits at home and make no contribution to the economy, this is not Feudalism. I am not letting my land for his obligation to fight for me.

I am working for the gov (via tax) and deserve more right to say..

Sure it's not Feudalism. However, you are not going to tell me how to live my life, just because you possibly pay more tax than me. I don't give a rat's ass how much tax you pay. You pay according to your ability and I pay according to mine.

My wealth, or lack of it, is in no way a reflection on my ability to make decisions regarding who my lords and masters are or should be.