20 May 2024 marks South Africa's Tax Freedom Day, when taxpayers earn enough to cover annual tax obligation.
20 May 2024 marks South Africa's Tax Freedom Day, the day when the average taxpayer has earned enough to fulfil their annual tax obligation. From 1 January to 20 May, taxpayers' income funds one year of government spending. The Free Market Foundation has calculated and published South Africa's Tax Freedom Day annually since 1997, using it as a measure of how much time taxpayers spend working to fund state projects.
May 20, 2024
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