Do you pay black tax?
Or do you prefer to call it family tax?
'Black/Family Tax' is a term which generally refers to the extended family financial obligations placed on black professionals.
Social Activist and writer Koketso Moselakgomo, has written about her views on black/family tax and says people are suffocated by the pressure to survive, look after their families and live their best lives.
Moselakgomo adds that parents should stop comparing their children's success with others - just because their neighbour's son manages to send money home and extend the house, she says, doesn't mean your children can also afford to do so.
Are you under pressure when it comes to black/family tax?
Moselakgomo and Personal Finance Consultant Samke (Sam) Mhlongo-Ngwenya sat down with Azania Mosaka to discuss black/family tax.
Moselakgomo says black parents should be more understanding.
We have our own lives to live, we have dreams that we want to achieve and if we are constantly worrying about them and the cousin that needs to go to school, the little brother that needs new shoes then how are we supposed to live our lives?— Koketso Moselakgomo, Social Activist and writer
Mhlongo-Ngwenya says she has seen a number of individuals from different races, who have legacy issues and have the responsibility to family back home, who look after their parent's medical bills.
It is not a phenomenon that is unique to black people, it may be heightened to black people simply because of financial legacy. But it is something that is not unique to us.— Samke (Sam) Mhlongo-Ngwenya, Personal Finance Consultant
She says that the discussion needs to be inclusive.
Listen below to the full discussion below...
This article first appeared on 702 : The burden of 'Black Tax'