Total tax paid
R 14 550
Did you know your employer also pays tax on your salary? It costs the employer R 2 950 to pay you R 147 500. In other words, every time you spend R 10 of your hard-earned money, R 0.99 goes to the government.
Real tax rate
9.7%
So, with you and the employer both paying tax, what used to be a 7.9% tax rate now rises to 9.7%, meaning your real tax rate is actually 1.8% higher than what it seemed at first.