Total tax paid
R 10 035
Did you know your employer also pays tax on your salary? It costs the employer R 2 520 to pay you R 126 000. In other words, every time you spend R 10 of your hard-earned money, R 0.80 goes to the government.
Real tax rate
7.8%
So, with you and the employer both paying tax, what used to be a 6% tax rate now rises to 7.8%, meaning your real tax rate is actually 1.8% higher than what it seemed at first.