Jan van Riebeeckstad
Expert Member
Only the rich get travel allowances
The lack of bracket adjustments way worse than any minor 2% VAT increase. DA playing games...View attachment 1803864
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The lack of bracket adjustments way worse than any minor 2% VAT increase. DA playing games...
True, but gets seems to also get compounded if including a salary increase - I just don't like that there are no inflation shifts on income tax, interest, tfsa, CGT thresholds. They're all stealth taxes eroding via inflation.Depends on how much you're spending. Seems like the tax bracket impact is going to be about an extra R4k tax per year if in the 45% tax bracket. To pay R4k extra VAT from a 2% VAT increase requires R200k of spending per year.