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NATHANIEL LEE | Turn black tax from a 'bane to a boon' so that it's not a burden

With proper financial education it is possible to flip the script

Is black tax a boon or bane of black society, especially when considering the country’s worsening economic outlook? The term black tax refers to financial support that those black professionals who are considered to have “made it” are obliged to provide for their families on a continuous basis outside their own living expenses.

This practice is subconsciously some kind of payback for sacrifices made by previous generations or family members. It happens that education is the primary area where black tax money flows. This happens when one member of the family after having graduated from school and started working, has to take care of the educational needs of his or her younger siblings...

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