The best analysis of Budget 2013 you would’ve read to date, by Russell Lamberti.
Research by ETM Analytics shows that if your taxable salary was R250,000 in 2012, and you got an inflation-linked increase of say 6% to R265,000 in 2013, your tax rate has increased and your after-tax income is LOWER in terms of its real purchasing power.
If your cost of living is actually 10% higher this year, then your new after-tax income is about 4% lower. You got considerably poorer.
There’s more where that came from. Read the full article on the Mises SA blog.