Cosmik Debris
Honorary Master
- Joined
- Feb 25, 2021
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They dont have many taxpayers left. All it takes is for all taxpayers to refuse to sent in any returns, even PAYE payers. That way the government will be hit with an e-tolls type civil disobedience. No doubt there will be the 20%
that will pay like with e-tolls and no doubt the government will crack down hard and lock up some taxpayers but a sustained campaign can only result in the fall of the government and the compensation of those locked up afterwards.
Consider:
An interesting graph surfaced after the budget speech:
113 000 salary earners pay 27% of all the PAYE.
15% of salary earners, pay 82% of all employees tax.
When it comes to company tax the picture is even more skewed.
Just 0.1% of the companies pay 64% of the tax.
4.7% of the companies pay 96% of the tax.
What it also means is that every time one of those high earners or producers decide to leave because they no longer feel welcome in this country, it makes an ENORMOUS dent in the revenue of the fiscus.
So yes, those that pay are exceedingly outnumbered by those who vote for a living. SA is an ineptocracy where those that vote for a living far outnumber those who work for a living.
And:
Currently, approximately three million South Africans account for 97% of the country’s personal income tax collected in 2019.
The top 1% or so (the 480,000 people earning more than R750,000 per year) pay 61% of the total income tax bill.
Most of the registered taxpayers are below the threshold.
A good number of the rest are government employee's, who while they do pay tax, get paid from the overall tax pool, so count as a loss if we're being blatantly honest.
The actual tax paying population is closer to 850k odd.
So a tax revolt by relatively few people will have an enormous effect.