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Article: SARS collect more tax
- Thread starter rpm
- Start date
The SA Revenue Service collected 9.6 percent more tax last year than the year before, Finance Minister Pravin Gordhan said on Tuesday.
Speaking in Pretoria on revenue collected during the 2012/13 fiscal year, which ended on March 31, he said total revenue was R814.1 billion.
Speaking in Pretoria on revenue collected during the 2012/13 fiscal year, which ended on March 31, he said total revenue was R814.1 billion.
LazyLion
King of de Jungle
Seems like the number of actual tax payers is decreasing though. 
I wonder how many people are really actually paying tax in SA?
Would love to know the actual number.
I wonder how many people are really actually paying tax in SA?
Would love to know the actual number.
saksakgp
Expert Member
This country is going backwards
Seems like the number of actual tax payers is decreasing though.
I wonder how many people are really actually paying tax in SA?
Would love to know the actual number.
That depends on your definition of "paying tax". I saw some moneyweb thread not so long ago that went into some detail about it.
Albereth
Honorary Master
Seeing that the maths makes no sense I can only assume that the Chinese traders are going to be taxed this year.
Ou grote
Honorary Master
Great news!
Now every province can afford to have a website!
Now every province can afford to have a website!
Not just government, everyone.
Basically every other government department SPENDS money hence we have a budget deficit.
The one about "1,5 million are responsible for 84% of income tax"?
http://www.moneyweb.co.za/moneyweb-tax/less-taxpayers-than-sars-reports-solidarity
Jip. that article puts it into perspective.
That's an outcome of a progressive taxation system. The higher income earners contribute disproportionately more than low income earners.
The fact that 1.5 million people account for 84% of tax collected highlights the income inequality in South Africa.
Ou grote
Honorary Master
Posted this before but always find it a good way to explain a progressive tax based system as we have in SA
Suppose everyday, 10 men go to dinner. The bill for all ten comes to $100. If it were paid the way we pay our taxes, the first four men would pay nothing; the fifth would pay $1; the sixth would pay $3; the seventh $7; the eighth $12; the ninth $18. The tenth man (the richest) would pay $59.
The 10 men ate dinner in the restaurant every day and seemed quite happy with the arrangement until the owner threw them a curve. “Since you are all such good customers,” he said, “I’m going to reduce the cost of your daily meal by $20.” Now dinner for the 10 only costs $80.
The first four are unaffected. They still eat for free. Can you figure out how to divvy up the $20 savings among the remaining six so that everyone gets his fair share? The men realize that $20 divided by 6 is $3.33, but if they subtract that from everybody’s share, then the fifth man the sixth man would end up being paid to eat their meal.
The restaurant owner suggested that it would be fair to reduce each man’s bill by roughly the same amount and he proceeded to work out the amounts each should pay.
And so the fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of $59. Outside the restaurant, the men began to compare their savings. “I only got a dollar out of the $20,” declared the sixth man pointing to the tenth, “and he got $7!” “Yeah, that’s right,” exclaimed the fifth man. I only saved a dollar, too. It’s unfair that he got seven times more than me!” “That’s true,” shouted the seventh man. “Why should he get $7 back when I got only $2? The wealthy get all the breaks.” “Wait a minute,” yelled the first four men in unison. “We didn’t get anything at all. The system exploits the poor.”
The nine men surrounded the tenth and beat him up. The next night he didn’t show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They were $52 short!
And that, boys and girls and politicians, is how the tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore...
EDIT: Figures should be adjusted, in our case [SA] things are actually worse with more not paying
Suppose everyday, 10 men go to dinner. The bill for all ten comes to $100. If it were paid the way we pay our taxes, the first four men would pay nothing; the fifth would pay $1; the sixth would pay $3; the seventh $7; the eighth $12; the ninth $18. The tenth man (the richest) would pay $59.
The 10 men ate dinner in the restaurant every day and seemed quite happy with the arrangement until the owner threw them a curve. “Since you are all such good customers,” he said, “I’m going to reduce the cost of your daily meal by $20.” Now dinner for the 10 only costs $80.
The first four are unaffected. They still eat for free. Can you figure out how to divvy up the $20 savings among the remaining six so that everyone gets his fair share? The men realize that $20 divided by 6 is $3.33, but if they subtract that from everybody’s share, then the fifth man the sixth man would end up being paid to eat their meal.
The restaurant owner suggested that it would be fair to reduce each man’s bill by roughly the same amount and he proceeded to work out the amounts each should pay.
And so the fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of $59. Outside the restaurant, the men began to compare their savings. “I only got a dollar out of the $20,” declared the sixth man pointing to the tenth, “and he got $7!” “Yeah, that’s right,” exclaimed the fifth man. I only saved a dollar, too. It’s unfair that he got seven times more than me!” “That’s true,” shouted the seventh man. “Why should he get $7 back when I got only $2? The wealthy get all the breaks.” “Wait a minute,” yelled the first four men in unison. “We didn’t get anything at all. The system exploits the poor.”
The nine men surrounded the tenth and beat him up. The next night he didn’t show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They were $52 short!
And that, boys and girls and politicians, is how the tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore...
EDIT: Figures should be adjusted, in our case [SA] things are actually worse with more not paying