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@ Infosys 1, decreasing direct tax will force the govt. to increase the indirect tax (GSTs etc.) to compensate for the losses generated by the other.
As a result, poor people will find it more difficult to purchase goods.
Follow up consequences will include, inflation, financial inequality and currency value degradation.
Both pillars are required for overall economical well being of a developing country like India. Specially when you have multiple mini/micro economies running inside.
Chief
So many benefits but not for us it's for govt
Although Income tax contributes only 14% total government income, We get to claim that that whole India runs because We pay income tax. That's the largest boasting factor we have after 30% of tax.
Reality is that income tax collection is not even enough to pay interest for the loans which India has taken.
Direct and indirect tax dete hein log, and we should give but direct tax should be less
In US UK Nordics and Europe schools are free till 12th and of best quality.
Except for the US all these countries have free medical, best Infrastructure, unemployment benifit and so much more.
Here in India even after paying income tax , we pay GST, Road tax ,Toll tax ,House tax and N number of other taxes.
Even after paying high taxes people need to go to private schools.
Infrastructure is bad and government hospitals except for 10-15 are nightmarish
This is a never ending pure exploitation which honest tax payers are cursed with in India.
Chief
We’re also paying for the future. We didn’t have good roads 15 years ago in small towns. Now we do have them almost everywhere. Electricity is there for everyone. I remember living first 8 years of my life without electricity. So you’re also investing in bringing the entire country forward
Nope, roads are built by Pvt companies charging toll tax and onside cities by Road tax.
There are only two things which are certain in life, death and taxes.
And taxes aren't certain if you want to die in jail. That is what my mom always said haha.
Hypothetical question
Individual you get Zero benifits for paying tax. But our tax money is blown for Appeasement of others with subsidy etc..
true