n Tax Breaks Newsletter - Taxing issues




Extracted from text ... TAXING ISSUES Kathy Thersby Editor MAY 4th marked, for the average South African, Tax Freedom Day, which means that from May 5th, you could start working for yourself. According to Garth Zietsman, a council member of the Free Market Foundation, the total earnings of the average South African taxpayer from January 1 to May 4 equalled the total taxes they have to pay for 2006. That's 124 days, or more than a third (33.97 per cent) of the year, working just to pay your taxes. Since I'm still smarting from my latest bad experience with Home Affairs, am tired ..


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