Salary-earners pay highest per cent of income in taxes, get little in return and see their tax rupee get used for votes ‘Social equity in India means that a clerk earning Rs 6,000 each month...
timesofindia.indiatimes.com
Quoting a reddit user's
comment (on same article) who has put in better words than I can -
Ho ho ho ho. I’m completely against taxes in principle, but this was written by some Mumbai real estate developer as he smoked a cigar while looking out from his duplex flat worth crores in Bandra.
Just read the assumptions:
Firstly, income between Rs 50 lakh and 1 crore. It’s laughable. I’m not saying there aren’t a lot of people who do have this wealth, but that’s mostly their real estate assets. Income of more than 50 lakh? How many people do you meet everyday in India even earning a 10th of that, smart, senior professionals. [This article is just trying to portray the >50 lakh salary guy as the Victim and rest of all Indians being parasites living on his Tax money which is untrue.]
Secondly, flat income tax rate of 30%. There maybe a handful of countries where this exists, but India is not one of them, and so are most countries. We follow a progressive, not a flat tax system. This means we have tax brackets, but it also means you only pay income tax on the income in each bracket. If I earn 5 lakh+ rs, I’m not taxed 10% on 5 lakhs (50k) I’m taxed nothing on the first 5 lakhs (under new scheme) and 10% on anything above 5 lakhs. If I earn 5 lakh 10 thousand, my tax liability is 1k Rs (mostly hypothetical example, not exact tax slabs, not tax advice). So this article’s calculations are true, in a world which doesn’t exist.
Thirdly, yes, a lot of people live in Mumbai, but a lot lot lot more people live not in Mumbai. They don’t use or pay that much for their car and fuel. I don't agree with this.
Finally, boo hoo, poor one of the few wealthy people in India, how abused they are, look at the other 93% parasites, being...too poor to earn an income high enough to pay taxes, while forming 93% of the population, and really relying on Govt schools and hospitals, and pensions and welfare schemes. The government should really stop this parasitic behaviour and...force farmers, cottage industry owners, low paid office workers, pay a 30% income tax on their virtually non-existent income. Look at that wealthy Mumbaikar, he pays so much and taxes and gets nothing for it! Surely all children go to private school, everyone goes to private hospitals, and doesn’t get a pension. /s
****ing what. This is like US Republican Party level of trying to incite class war by demonising the poor for being poor while crying about how much tax billionaires have to pay cries and wipes tears with $100 bills
That system won’t and should never work in India. We simply have too many mouths to feed before we start worrying about the tax bill of Bandra residents in a tax system that doesn’t even exist. This article is like a bed time story for billionaires.
IMO, if the govt used this Tax money to strengthen the Govt Schools, Govt Hospitals and providing amenities for unprivileged/homeless rather than wasting on useless things like building statues, new parliament buildings, new planes, new cars, new spectacle, new dresses, PM Cares scam, Aadhaar scam platform, advertisement, buying MP/MLA, paying Godi media, etc., I will whole-heartedly pay even more tax but..