FINANCIAL SITUATION ~ South Africa

 

Africa national treasuryFINANCIAL SITUATION

Has anyone thought just how much tax you are already paying?
a. 35% on your salary
b.14% on everything you buy (bar fresh produce) and services rendered.
c. Carbon tax if you buy a new car (besides the 14% VAT you have to pay)
d. Tax on the fuel you put in your car to run it.
e. Toll on our roads – and for some it is going to come to a whopper of 10% of your salary (If you earn R10 000.00 a R1 000 would go toward tolling if you migrate between PTA and JHB every day.) – Bully to try to pacify me with the idea that I can claim it back from my income tax!!! I have to fork out the money first. Going on holiday to DBN? Remember to save up your R1000.00 for tolling.
To say the least – For every R10.00 you earn, the government is already taking approx R6.00 and still they want more. Are you happy with the R4.00 you are getting?
NICE!!!!!
When are we going to get up and do something about it? Where is all the money going to? It is definitely not being spent on what it should be – our hospitals are in a state of disrepair, our schools in shambles, our roads full of potholes, our water contaminated, sewers not working, left in the dark because Eskom failed to do their upgrades, the poor are poorer still, municipalities on the brink of collapse, and so the list goes on.
Heard about the youth day celebration that cost R100 million? Mmmm… did you pay for it?
Oh yes sir/madam you did! R100 million that could have paid for a couple of things our country needed more.
And to put the numbers in perspective:
The next time you hear an SA politician use the word ‘billion’ in a casual way, think about whether you wanted the ‘politicians’ spending YOUR tax money.
A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of its press releases:
A. A billion seconds ago it was 1959.
B. A billion minutes ago Jesus was alive.
C. A billion hours ago our ancestors were living in the Stone Age..
D. A billion days ago no-one walked on the earth on two feet.
E. A billion Rand ago was only 27 hours and 12 minutes at the rate our SA government is spending it. (a billion rand a day??!!)
Building Permit Tax
Cigarette Tax
Corporation Tax
Income Tax
Value Added Tax
Fishing License Tax
Food License Tax
Fuel License Tax
Petrol/Diesel Tax
Hunting License Tax
Luxury Tax
Property Tax
Service charge taxes
Capital gains Tax
Social Security Tax
Securities Transfer Tax
Road Usage Tax
Local Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Worker’s Compensation Tax
STILL THINK THIS IS FUNNY?
Hardly any of these taxes existed 20 years ago…
And our nation was one of the most prosperous in Africa.
We had absolutely no national debt…
We had the largest middle class in Africa and Mum stayed home to raise the kids.
What the HELL happened ?
ANSWER :
Look at the Government…..and who is ‘running’ the country….
INTO THE GROUND – on YOUR and MY ‘billions’!!!
I hope this goes around at least a billion times

Andre Theron ~  www.nextfinancialcrises.com

Note:   Does this sound like America?  We should be afraid.. very afraid.

About Debi

I am a retired nurse. Wife, mother of three and 2 wonderful grandchildren. “Watch your thoughts, for they become words. Watch your words, for they become actions. Watch your actions, for they become habits. Watch your habits, for they become character. Watch your character, for it becomes your destiny”
This entry was posted in Economy and business and tagged , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *