Loan cost multiple

Tax lessons that will challenge how you currently approach tax

A person earning R245 100 and less is in the 18% marginal income tax bracket. When this person invests in equities, and receives dividends, they will be paying 20% on those dividends. This is more than what they are currently paying to SARS on their income. According to the world inequality database, any person earning more than R245 100 is in the top 11% of earners in South Africa. 11%! Source: World inequality database This begs the question, should one be investing in equi