Supplementary Budget 2020
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Taxes: Feeding an incompetent state?

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(iStock)
(iStock)

Cape Town – This year will be the worst ever for South African taxpayers and the next two years are projected to be even worse, said Garth Zietsman, statistician at the Free Market Foundation. 

Expressing his own views and not that of the Free Market Foundation, Zietsman said in 2017 Tax Freedom Day falls on 23 May – two days later than last year. Tax Freedom Day is the day on which South Africans will have earned enough to pay all the taxes levied by national government for the year. 

“In other words, if we were required to pay all our taxes upfront, we would have to pay government all the money we earn through 22 May, and, only after that date – that is from 23 May – could we start thinking of it as our own,” Zietsman said. 

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