Sinbad
Honorary Master
- Joined
- Jun 5, 2006
- Messages
- 81,193
Fine then, they pay on an asymptotically close rate to 40%.
http://www.sars.gov.za/Tax-Rates/Income-Tax/Pages/Rates%20of%20Tax%20for%20Individuals.aspx
View attachment 495315
http://www.rollingalpha.com/2017/02/13/south-africa-effective-tax-rates/
That's out of date, doesn't take the 45% top tax bracket into account.
Also, doesn't take into account other taxes like VAT, fuel, private medical aid, private security, property rates, carbon tax, plastic bag tax...
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