Nigeria is blessed with 57 million economically active citizens, but the shocking truth is that only 761,000 of this number are registered to pay personal income tax. In fact, if it wasn’t for Pay As You Earn (PAYE) which is deducted at source, the majority of us would probably find a way to evade what we commonly misconstrue as the ‘tax burden.’
This indifference is not without reason. We have been wrongly groomed to understand that tax is contrived by the government to make life difficult for us with undeserved cuts from the earnings we struggle to make after much hard work. But what you may not know is how much you depend on tax for your welfare when situation calls for it. Here are 10 ways taxes come to your rescue that you probably take for granted:
Shelter
If you were raised or currently reside in public housing, you may have reason to thank the taxes you or others have generated for the relative freedom you enjoy from exorbitant rent. After all, you have no…
