Budget 2008

I need to decide whether to draw a bonus this tax year, or wait to march :P
 
Tomorrow afternoon apparently.
News 24 reports that sintaxes will rise again as well as tax on fuel.
 
Just think we are already paying more for a liter of petrol then what we pay for a loaf of bread. Where is it heading to, and they say our economy is growing.
 
The economy is growing...everything is getting more expensive, so we have to spend more... so the economy is growing.
 
With all the price increases i wonder how many people is going to start losing their houses cause the cost of living has already sky rocketed.
 
I is so broke.. I have 5 cents left and 6 days to go =) I dont see myself buying much for 5 cents
 
I'm thinking March is going to be hell on the consumer again.

If you watched the news last night they were predicting an increase of 45-50c in the price of petrol on the first of March. Trevor will most likely also increase the levy for the RAF in the price of petrol so we may be looking at about 60-70c increase in the price on petrol alone.

Next up sin taxes will rise again by about 10% as this is a major revenue earner for the government while on the same time it discourages people from partaking in these items and this may lead to a decrease in what is required in medical expenditure. In short, go stock up on booze and sigarettes while you can.

I doubt that we will see any major tax break with regards to income tax as this will be in contradiction with what the reserve bank is trying to do. What would the point be of raising interest rates if the people just get more money at the end of the year by paying less tax? Instead we will most likely just see an inflationary adjustment to the current brackets so that people aren't popped into a higher tax bracket when they get their yearly increase. We will most likely also see that the benefit of having a travel allowance on our salaries be reduced even further as many people are still abusing this.

I also strongly doubt that there will be any incentive with regards to rebates on puchasing of generators or more efficient electrical items. Instead more money will be pumped into expanding our power generating abilities.
 
diebaas said:
Just think we are already paying more for a liter of petrol then what we pay for a loaf of bread. Where is it heading to, and they say our economy is growing.
Click to expand...

From the 1970's, there was always a correlation between the price of petrol,milk and coke.(only a few cents difference)

At this stage petrol is way below the price of coke and milk.
Expect the situation to right itself soon.
Anything between R11.00 to R12.00 per litre.
 
Piepalook said:
From the 1970's, there was always a correlation between the price of petrol,milk and coke.(only a few cents difference)

At this stage petrol is way below the price of coke and milk.
Expect the situation to right itself soon.
Anything between R11.00 to R12.00 per litre.
Click to expand...

It all depends where you by your milk, farm fresh milk costs you around R4-00 per liter.
 
diebaas said:
It all depends where you by your milk, farm fresh milk costs you around R4-00 per liter.
Click to expand...

I know the farmers get really F@****d over!

I used to buy milk from a local farmer,but then somehow his cows started drinking too much water,so i stopped.
 
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