Well the
dosage is done so it's now me against the viruses, my laundry is out drying it was all done thanks to
outsourcing yesterday. Let's check out a few things that take place when you finally get your pay.
30% of the money you earn every month goes to the government scheme Pay As You Earn or commonly referred to as PAYE and every item you purchase at a stall in the supermarket or across the road often has already attracted an 18% VAT on it. Now totally the above 48% of the money you earn goes back to government right? If you use personal transportation you attract a series of taxations ranging from taxes on fuel to licenses on the car you have to road license etc, lets give or take a 5% going to government, so it comes down to about 53% of the money you earn theoretically goes back to government.
Now the 10% your company contributes towards NSSF is a good thing, thats your money and hopefully you will get it back when the time is right, just under a month ago actually NSSF dished out a whooping 14% on interest from 7% which was a good indicator, when they make profits with your money it is only fair if they pass on some of those profits to you and continue to invest the rest in meaningful respectable projects (Real Estate seems the way forward). Though just a week ago looks like they prolly must have misplaced some money somewhere and made bad choices with your money, but am sure they will sort it out.
Back to the 53% of your monthly salary that goes to government, when you get home you prolly pay 0.5% to 1% of your salary to the garbage collected monthly, about 1% to 10% of your monthly salary to security or the local Council. So we are looking at about 60% of your monthly salary going to Government. Now lets leave out medical insurance you need to pay and other taxations that I might have missed out or expenses you incur just to make it through the month like utilities, rent etc.
So from this 60% of your monthly salary you humbly give back to the government what do you want back in return? Good roads? better health facilities? better educational centers? Security? A Cash Back of some sort? All am just trying to say that if you work for one year, about 5 months of that year all you have been doing is work for the government and all proceeds go to the government, is the government investing your 60% wisely are they giving you the basics you want? Yes security I should say has relatively improved but in some sections it has totally gone wrong when the SPC came into picture, but none the less thought I would explain to you where your money is going, or is it?