Market Watch

Bracket creep making society worse off

Faster growth in registered taxpayers

Bracket creep occurs when income earners are forced into higher tax brackets as a result of inflation adjusted salary increases and tax brackets remain fixed.

Phillepus Uusiku

1 Jaar Gelede - 2022-11-23 00:00:00

Analysts at Simonis Storm have observed a faster growth in the number of registered taxpayers compared to the total number of employed Namibians.According to an Afrobarometer surve ...

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Premier League: Aston Villa 1 vs 0 Manchester City | Manchester United 2 vs 1 Chelsea | Sheffield United 0 vs 2 Liverpool | Fulham 5 vs 0 Forest | Crystal Palace 0 vs 2 Bournemouth | Brighton 2 vs 1 Brentford | Luton Town 3 vs 4 Arsenal | Wolverhampton Wanderers 1 vs 0 Burnley LaLiga: Celta Vigo 1 vs 1 Cadiz SerieA: Torino 3 vs 0 Atalanta FA Cup: Alfreton Town 0 vs 0 Walsall | AFC Wimbledon 5 vs 0 Ramsgate Katima Mulilo: 26° | 43° Rundu: 23° | 38° Eenhana: 24° | 36° Oshakati: 25° | 35° Ruacana: 23° | 36° Tsumeb: 23° | 34° Otjiwarongo: 20° | 32° Omaruru: 21° | 34° Windhoek: 21° | 32° Gobabis: 22° | 35° Henties Bay: 16° | 20° Wind speed: 20km/h, Wind direction: S, Low tide: 04:59, High tide: 11:36, Low Tide: 17:56, High tide: 00:17 Swakopmund: 16° | 17° Wind speed: 26km/h, Wind direction: SW, Low tide: 04:57, High tide: 11:34, Low Tide: 17:54, High tide: 00:15 Walvis Bay: 16° | 23° Wind speed: 34km/h, Wind direction: SW, Low tide: 04:57, High tide: 11:33, Low Tide: 17:54, High tide: 00:14 Rehoboth: 21° | 33° Mariental: 20° | 36° Keetmanshoop: 17° | 32° Aranos: 21° | 35° Lüderitz: 15° | 29° Ariamsvlei: 16° | 33° Oranjemund: 16° | 23° Luanda: 27° | 28° Gaborone: 19° | 37° Lubumbashi: 17° | 31° Mbabane: 15° | 32° Maseru: 12° | 30° Antananarivo: 14° | 29° Lilongwe: 22° | 34° Maputo: 21° | 34° Windhoek: 21° | 32° Cape Town: 18° | 24° Durban: 18° | 26° Johannesburg: 16° | 30° Dar es Salaam: 26° | 32° Lusaka: 21° | 37° Harare: 17° | 35° Currency: GBP to NAD 23.76 | EUR to NAD 20.4 | CNY to NAD 2.65 | USD to NAD 18.98 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.6 | KES to NAD 0.12 | NGN to NAD 0.02 | ZMW to NAD 0.78 | ZWL to NAD 0.04 | BRL to NAD 3.86 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.38 | USD to AOA 828.78 | USD to BWP 13.64 | USD to EGP 30.95 | USD to KES 153.23 | USD to NGN 801 | USD to ZAR 18.98 | USD to ZMW 24 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 75400.63 Up +0.25% | Namibian Stock Exchange (NSX) Overall Index 1634.89 Up +0.92% | Casablanca Stock Exchange (CSE) MASI 11757.6 Down -0.02% | Egyptian Exchange (EGX) 30 Index 24703.55 Down -1.69% | Botswana Stock Exchange (BSE) DCI 8884.88 Down -0.01% | NSX: MTC 7.51 SAME | Anirep 8.99 SAME | Capricorn Investment group 16.99 SAME | FirstRand Namibia Ltd 49 SAME | Letshego Holdings (Namibia) Ltd 3.89 DOWN 0.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.97 SAME | Nictus Holdings - Nam 2.22 UP 0.90% | Oryx Properties Ltd 12.48 SAME | Paratus Namibia Holdings 12 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.49 SAME | B2Gold Corporation 60.48 DOWN 1.40% | Local Index closed 675.17 DOWN 0.01% | Overall Index closed 1634.89 UP 0.92% | Osino Resources Corp 16.3 DOWN 4.50% | Commodities: Gold US$ 2 026.51/OZ DOWN -0.03% | Copper US$ 3.71/lb UP +0.51% | Zinc US$ 2 438.80/T UP 0.36% | Brent Crude Oil US$ 74.80/BBP UP +0.51% | Platinum US$ 887.34/OZ DOWN -0.42% Sport results: Premier League: Aston Villa 1 vs 0 Manchester City | Manchester United 2 vs 1 Chelsea | Sheffield United 0 vs 2 Liverpool | Fulham 5 vs 0 Forest | Crystal Palace 0 vs 2 Bournemouth | Brighton 2 vs 1 Brentford | Luton Town 3 vs 4 Arsenal | Wolverhampton Wanderers 1 vs 0 Burnley LaLiga: Celta Vigo 1 vs 1 Cadiz SerieA: Torino 3 vs 0 Atalanta FA Cup: Alfreton Town 0 vs 0 Walsall | AFC Wimbledon 5 vs 0 Ramsgate Weather: Katima Mulilo: 26° | 43° Rundu: 23° | 38° Eenhana: 24° | 36° Oshakati: 25° | 35° Ruacana: 23° | 36° Tsumeb: 23° | 34° Otjiwarongo: 20° | 32° Omaruru: 21° | 34° Windhoek: 21° | 32° Gobabis: 22° | 35° Henties Bay: 16° | 20° Wind speed: 20km/h, Wind direction: S, Low tide: 04:59, High tide: 11:36, Low Tide: 17:56, High tide: 00:17 Swakopmund: 16° | 17° Wind speed: 26km/h, Wind direction: SW, Low tide: 04:57, High tide: 11:34, Low Tide: 17:54, High tide: 00:15 Walvis Bay: 16° | 23° Wind speed: 34km/h, Wind direction: SW, Low tide: 04:57, High tide: 11:33, Low Tide: 17:54, High tide: 00:14 Rehoboth: 21° | 33° Mariental: 20° | 36° Keetmanshoop: 17° | 32° Aranos: 21° | 35° Lüderitz: 15° | 29° Ariamsvlei: 16° | 33° Oranjemund: 16° | 23° Luanda: 27° | 28° Gaborone: 19° | 37° Lubumbashi: 17° | 31° Mbabane: 15° | 32° Maseru: 12° | 30° Antananarivo: 14° | 29° Lilongwe: 22° | 34° Maputo: 21° | 34° Windhoek: 21° | 32° Cape Town: 18° | 24° Durban: 18° | 26° Johannesburg: 16° | 30° Dar es Salaam: 26° | 32° Lusaka: 21° | 37° Harare: 17° | 35° Economic Indicators: Currency: GBP to NAD 23.76 | EUR to NAD 20.4 | CNY to NAD 2.65 | USD to NAD 18.98 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.6 | KES to NAD 0.12 | NGN to NAD 0.02 | ZMW to NAD 0.78 | ZWL to NAD 0.04 | BRL to NAD 3.86 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.38 | USD to AOA 828.78 | USD to BWP 13.64 | USD to EGP 30.95 | USD to KES 153.23 | USD to NGN 801 | USD to ZAR 18.98 | USD to ZMW 24 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 75400.63 Up +0.25% | Namibian Stock Exchange (NSX) Overall Index 1634.89 Up +0.92% | Casablanca Stock Exchange (CSE) MASI 11757.6 Down -0.02% | Egyptian Exchange (EGX) 30 Index 24703.55 Down -1.69% | Botswana Stock Exchange (BSE) DCI 8884.88 Down -0.01% | NSX: MTC 7.51 SAME | Anirep 8.99 SAME | Capricorn Investment group 16.99 SAME | FirstRand Namibia Ltd 49 SAME | Letshego Holdings (Namibia) Ltd 3.89 DOWN 0.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.97 SAME | Nictus Holdings - Nam 2.22 UP 0.90% | Oryx Properties Ltd 12.48 SAME | Paratus Namibia Holdings 12 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.49 SAME | B2Gold Corporation 60.48 DOWN 1.40% | Local Index closed 675.17 DOWN 0.01% | Overall Index closed 1634.89 UP 0.92% | Osino Resources Corp 16.3 DOWN 4.50% | Commodities: Gold US$ 2 026.51/OZ DOWN -0.03% | Copper US$ 3.71/lb UP +0.51% | Zinc US$ 2 438.80/T UP 0.36% | Brent Crude Oil US$ 74.80/BBP UP +0.51% | Platinum US$ 887.34/OZ DOWN -0.42%