Somebody in India had thought that by way of taxation a rich guy can be made poor and hence there will not be any gap between the rich and poor. All please remember "salary comes after reducing taxes, but expenses go after adding taxes so the same money is taxed twice which is Unconstitutional"
RE:RE:Tax - it reducres the gap between rich and poor
by Johnson Sebastian on May 06, 2008 02:01 PM Permalink
I do agree with this opinion. Income tax need to be abolished. Better tax compliance is while spending. Only a small percentage of Indian Income is taxed. Cash transactions need to be reduced. Payment thru bank/credit card has to made compulsury for all payments above say Rs.10000. If the ministry dare to do this, the prices will come down. Inflation will be at surpsisingly low levels. Petrol should not be given abainst cash.
RE:Tax - it reducres the gap between rich and poor
by S o N u on May 06, 2008 02:07 PM Permalink
Just one doubt! We Indians are suppossed to be the highest income tax payers in Asia. But Where are all those money which has been collected??????? Developing Economy, dont even have a single Road with International Standards!
RE:Tax - it reducres the gap between rich and poor
by vinay lakhotia on May 06, 2008 02:00 PM Permalink
Correct, the salary class suffers the most. If we add the tax both on our salary as well as the amount of tax we pay on the goods consumed, we are paying in excess of 50% of our salary as our taxes.
RE:Tax - it reducres the gap between rich and poor
by Ganesh Chandrasekaran on May 06, 2008 02:06 PM Permalink
You are right Thiyagrajaan. No Product or Service is offered with out tax. We pay income tax, service tax , cess ,surcharge etc. Still we have poverty.. Where goes all these taxes?
