High earners

High earners

  • Fact: #

In South Africa in 2012 around 102,000 tax payers earned more than R1 million annually (1.7% of tax payers), this group contributed approximately one quarter (R71 billion) of all personal income tax collected. (http://bit.ly/1l6ukSr)

This week’s theme: Tax

2 responses to “High earners”

  1. Zai

    11 years Ago

    If the tax rate was 40% then these guys earn R1,75 m each against the R 90 000 for the other 590 000.
    SO…
    The Wealthiest 1,7% of the Taxed Individuals earn 20 TIMES more than the Rest.
    This accounts for the 12% of South Africans who pay Income Tax

  2. Johan

    11 years Ago

    Is this fact based on gross or taxable income?

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