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Tax Freedom Day

The first day of the year when you start working for yourself instead of the government.

In the US they have  a thing called Tax Freedom Day, being the day in the year when the country as a whole has earned it’s tax debt. i.e. the chunk of tax that generally comes out of each persons pocket, that goes towards – primarily funding “the gravy train”, more taxes and idiotic legislation for a dumbed down public.

In America for 2010 the Tax Freedom date is April 9th, the 99th day of the year. Up until that point all effort has been going just towards paying tax.

Ever wondered how long it takes the average South African to work off their tax bill?

2010 it is May 2nd – 121 days of your year to pay “your” tax

2009 that day was May 10 – more than a third of your year (129 days to be precise or 35.5%) was spent working to pay for the vagaries of government! [Remember Jacob’s R200,000,000 (two hundred million Rand) house]

How would this equate to time spent in a single day?

If you take working hours 31% of your 8 hour day is 2 hours 28 minutes of each day worked to pay our Tax Burden.

Or if you take it as a percentage of the day i.e. 31% of 24hours is 7 hours 26 minutes

More Info

TaxPayers Movement of South Africa (TPMSA)

Tax Foundation’s Tax Freedom Day

Tax Freedom Day on Wikipedia

Definitions

vagaries plural of va·gar·y

Noun: An unexpected and inexplicable change in a situation or in someone’s behavior: “thevagaries of the weather” or “the vagaries of Jacobs taste in women”

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