WATCH: What do people think of Black Tax?


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. 

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