3,3 Million South Africans Pay 99% of All Income Tax
In my hometown of Knysna, Lauren Waring, the Municipal Manager, wrote off R30 million of taxpayer’s debt in December 2012 (and refused to give us the details). In a small tourist town with tourism as the only main industry, disparity is far more evident here than in the cities but it’s indicative of the financial crisis that South Africa is in; an unsustainable increasing of misnamed ‘public service’ salaries and a vanishing few paying more and more. In a country of 51 million people, how can 3.3 million pay 99% … Read the full article…