A Reputation Taxes - Part 1: Difference between revisions
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Revision as of 21:30, 6 August 2026
Through the proposed DTC / GST legislations, federal government has acknowledged the need of new revenue system but the proposed new laws apparently appear staying even complex then today's one.
According towards the contents of her assessment, she was required to spend an extra R32000 (R=South African Rand or currency) on surface of what she normally paid during earlier years - give of take a couple of hundreds. After checking her documents, Specialists her if she had earned any extra income above and beyond her teaching and a lot of No!
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Contributing a deductible $1,000 will lower the taxable income from the $30,000 per year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For your $100,000 1 year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the!
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