Dear friend of the FMF

This week’s Feature Article is by statistician Garth Zietsman, who annually calculates the notional day on which the country’s taxpayers have earned enough money to pay for government and can start working for themselves. He finds that government spending has not only increased, but it is also increasing faster than the growth of GDP. Tax Freedom Day will be later than ever this year, which means that the burden of taxes on taxpayers will be greater than it has ever been. According to the author, the South African government is already large by comparison with countries of the same size and a further increase in the size of government will inevitably lead to slower growth and poorer economic conditions for citizens.

FEATURE article  

Predicted Tax Freedom Day 2017 in light of budget speechGARTH ZIETSMAN

Tax Freedom Day, this year, will be on 23 May – two days later than last year. For taxpayers, this year is the worst ever, and the next two years are projected to be even worse. Tax Freedom Day is the day when we South Africans will have earned enough to pay all the taxes levied on us by national government for the year. In other words, if we were required to pay all our taxes up-front, we would have to pay government ALL the money we earn through 22 May, and, only after that date ie from 23 May, could we start to think of it as our own.

SAVE the date  

*May 2017 Africa Liberty Forum Sandton – more info to follow

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WORTH reading  

The world’s freest economy is slashing its already-low taxes after a $12 billion surplus surprise
Exploding the myth of white monopoly capital

FMF in the media  

Business Day column Difficult times do not turn a bad budget into a good one – Leon Louw, 1 March 2017
Media releases
Minister Cwele is disingenuous about telecoms industry consultation
Time allowed for public participation on ICC withdrawal inadequate

Media digest JANUARY 2017 for all media coverage

SOCIAL media  

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* NEW Rex van Schalkwyk – From ridicule to prison: Nowhere to hide from the Hate Speech Bill
Leon Louw & Dobek Pater – Telecoms policy will set back SA’s development by decades
Mark Oppenheimer – Free speech: A vanishing right

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