Tax Brackets For The 2012 Year of Assessment
| Taxable income | Tax on this income |
|---|---|
| R0–R150,000 | 18% of every Rand |
| R150,001–R235,000 | R27,000 plus 25% of the amount above R150,000 |
| R235,001–R325,000 | R48,250 plus 30% of the amount above R235,000 |
| R325,001–R455,000 | R75,250 plus 35% of the amount above R325,000 |
| R455,001–R580,000 | R120,750 plus 38% of the amount above R455,000 |
| R580,001 and over 600,000,1 | R168,250 plus 40% of the amount above R580,000 |
Read more about this topic: Tax Bracket, Tax Brackets in South Africa
Famous quotes containing the words tax, year and/or assessment:
“I have no doubt that it was a principle they fought for, as much as our ancestors, and not to avoid a three-penny tax on their tea; and the results of this battle will be as important and memorable to those whom it concerns as those of the battle of Bunker Hill, at least.”
—Henry David Thoreau (1817–1862)
“But she is early up and out,
To trim the year or strip its bones;”
—Edna St. Vincent Millay (1892–1950)
“The first year was critical to my assessment of myself as a person. It forced me to realize that, like being married, having children is not an end in itself. You don’t at last arrive at being a parent and suddenly feel satisfied and joyful. It is a constantly reopening adventure.”
—Anonymous Mother. From the Boston Women’s Health Book Collection. Quoted in The Joys of Having a Child, by Bill and Gloria Adler (1993)