WATCH: What do people think of Black Tax?

accreditation

Black tax means different things to different people and there isn't a clear cut definition that exists out there - because everyone's financial and family situation is different. 

If we go by the definition provided for by Urban Dictionary, black tax is the, "extra money that black professionals are expected to give every month to support their less fortunate family and extended families."

READ MORE: How to manage black tax and save smartly before the holidays hit

There is no specified amount a person pays towards Black Tax but for many, black tax is a monthly reality. 

Watch the video below to find out what people think of black tax. 

Sign up to W24’s newsletters so you don't miss out on any of our hot stories and giveaways.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Voting Booth
Luxity has released a report rating luxury brands according to popularity in South Africa. Which brand is your favourite?
Please select an option Oops! Something went wrong, please try again later.
Results
Gucci
16% - 32 votes
Hermès
11% - 22 votes
Dolce & Gabbana
13% - 26 votes
Louis Vuitton
24% - 49 votes
Burberry
12% - 25 votes
Chanel
25% - 52 votes
Vote