Budget Speech 2020

[diapason]

Can someone give us a TL;DW version of the budget speech?

Tax reprieve for South Africans in 2020

Individuals will get relief of R2bn due to an above-inflation increase in the tax brackets.

www.moneyweb.co.za

 

[semaphore]

This sums up where the looting will be, thank you

Lol, they increase it every year grow up. The fact you think that sums it up shows your understanding. Would you have preferred they do a once off tax , increase vat and push the brackets up ?

 

[Vorastra]

Can someone give us a TL;DW version of the budget speech?

It's honestly not that long. 27 pages. Just scan through the fluff and you'll be done in like 10 minutes.

 

[My_King]

Lol, they increase it every year grow up. The fact you think that sums it up shows your understanding. Would you have preferred they do a once off tax , increase vat and push the brackets up ?

Hey numbnuts, sit down, I didnt ask you for your 2 cents. The guy gave a summary of what was said and I thanked him.

 

[BeerIsNotGood...]

Is the issue of the State Bank a big one? I mean, nobody is forced to deposit their money there, so what is the issue? Or is there more to it that I clearly do not grasp?

Well they could force you to use the state bank as your primary bank...

 

[Sideshow Bob]

Zuma should be convicted and any presidential benefits for him should be dismissed.

Or he should just die of aids

his gwad doesn't answer your prayers. convert to original and retry.

 

[Nom Chompsky]

https://twitter.com/x/status/1232757961262583809

 

[Thor]

Can someone give us a TL;DW version of the budget speech?

The Fooled you by not lifting vat and paye, but they hiked feul exponentially.

So you are worst off than before.

Fuel goes up, everything else go up, food, everything.

 

[NarrowBandFtw]

https://twitter.com/x/status/1232757961262583809

erm ... if that's what he thought why didn't he provide some actual detail in the actual speech?

what's this shyte? placate the ANC and unions in the official speech, but make completely insignificant statements on twitter later?!?

 

[Speedster]

The Fooled you by not lifting vat and paye, but they hiked feul exponentially.

So you are worst off than before.

Fuel goes up, everything else go up, food, everything.

Exponentially you say?

 

[ForceFate]

I would have preferred an increase in VAT, so that everyone can see the increase directly, rather than the fuel levy which just obscures the increase and makes the lay person think they not paying anything extra

Price at the pump will increase. Public transport fares will increase...

 

[rietrot]

Exponentially you say?

The feul levy have doubled over the last 10 years. So it isn't that wrong.

I remember someone said 10c increase in the feul levy would pay for etolls long ago. We've had many times that.

 

[BBSA]

Price at the pump will increase. Public transport fares will increase...

No it will not, we will get a decrease because of the low oil prices.

 

[Speedster]

The feul levy have doubled over the last 10 years. So it isn't that wrong.

I remember someone said 10c increase in the feul levy would pay for etolls long ago. We've had many times that.

Here is the fuel and RAF levy for the last 10 years. Those lines look pretty linear to me.

 

[TheChamp]

The feul levy have doubled over the last 10 years. So it isn't that wrong.

I remember someone said 10c increase in the feul levy would pay for etolls long ago. We've had many times that.

He is exponentially wrong.

but they hiked feul exponentially.

 

[Hamster]

Can someone give us a TL;DW version of the budget speech?

• Income tax is down. You'll be taking home about R417 mor pm.
• TFSA annual limit is now R36k, up from R33k
• No VAT increase
• Fuel levies increased by 25c per liter
• Sin taxes (including Vaping) up.

That's it for the stuff that has an immediate effect on your pocket.

The rest is cutting the NHI budget, civil servant salary budgets etc. The unions are already upset.

 

[rietrot]

Here is the fuel and RAF levy for the last 10 years. Those lines look pretty linear to me.

View attachment 791617

Yeah lets argue about the semantics to score some internet points.

I have better stuff to do.

 

[Speedster]

Yeah lets argue about the semantics to score some internet points.

I have better stuff to do.

Uhm, how about "sorry. The increases are clearly not exponential."?

 

[rietrot]

Uhm, how about "sorry. The increases are clearly not exponential."?

Whoosh

 

[Speedster]

Whoosh

Apologies hard for you?