http://timesofindia.indiatimes.com/...more-than-Rs-10-lakh/articleshow/50354795.cms
So what you think? I don't mind giving up LPG subsidy at all, but more and more, it looks like both the rich and poor make for a privileged class in India that are living off benefits afforded by the middle class while they themselves get absolutely nothing in return for all the taxes they pay. Even the basic things like maintenance of roads. Then, there is also the question of whether the really needy people are even getting any benefit from it at all.
These days, even a daily wage construction worker is earning enough for at least some of them to have a taxable income. Auto/Taxi drivers almost always do have taxable income, but none of them pay their taxes.
How about the govt take some measures to ensure that all people with taxable income pay their taxes so that the burden on the middle class reduces at least a bit. We have less than 3% of the population paying taxes and a majority of the tax collection is from the 30% bracket.
They will not take such measures because they want to protect their vote bank. They will only brag about how they will bring back money from some swiss bank accounts. India has so much black money among the local population that will make even that swiss bank black money pale in comparison. My office cab driver evaded close to 2 Lac in taxes last year. Multiply that with just the number of similar cabs running in each city...
Technically, there wouldn't be a need for the 30% or even the 20% tax slabs if taxes were just collected properly.
So what you think? I don't mind giving up LPG subsidy at all, but more and more, it looks like both the rich and poor make for a privileged class in India that are living off benefits afforded by the middle class while they themselves get absolutely nothing in return for all the taxes they pay. Even the basic things like maintenance of roads. Then, there is also the question of whether the really needy people are even getting any benefit from it at all.
These days, even a daily wage construction worker is earning enough for at least some of them to have a taxable income. Auto/Taxi drivers almost always do have taxable income, but none of them pay their taxes.
How about the govt take some measures to ensure that all people with taxable income pay their taxes so that the burden on the middle class reduces at least a bit. We have less than 3% of the population paying taxes and a majority of the tax collection is from the 30% bracket.
They will not take such measures because they want to protect their vote bank. They will only brag about how they will bring back money from some swiss bank accounts. India has so much black money among the local population that will make even that swiss bank black money pale in comparison. My office cab driver evaded close to 2 Lac in taxes last year. Multiply that with just the number of similar cabs running in each city...
Technically, there wouldn't be a need for the 30% or even the 20% tax slabs if taxes were just collected properly.