Tag: Creep

Home Creep
How Tax Bracket Creep Will Hit Your Pocket
Post

How Tax Bracket Creep Will Hit Your Pocket

SOUTH AFRICA’S MINISTER of finance, Enoch Godongwana, made it clear he was looking for R15 billion before his budget speech last week. The simplest, neatest way to do this was by not adjusting the tax income tables for inflation. While you may think you got off lucky because your tax contribution did not increase, this...