Mr Rijiju said the Central Armed Police Forces (CAPFs) and state police forces personnel must take the lead as the nation is poised to join the leading economies of the world. " What does this indicate? Police and armed forces can make India a 'leading economy of the world'?
The entire story of the government version is a classic example of the 'spin' and 'spin' instead of telling the whole truth, tell what they want to project and mislead the people. When they say only 1% pay income tax, most may believe that 99% don't pay tax. And that is the biggest lie. Because almost everyone who buy anything from the market pay tax in India.
The entire story of the government version is a classic example of the 'spin' and 'spin' instead of telling the whole truth, tell what they want to project and mislead the people. When they say only 1% pay income tax, most may believe that 99% don't pay tax. And that is the biggest lie. Because almost everyone who buy anything from the market pay tax in India.
Every Indian pay tax as in India most of taxes are indirect taxes. The Union Budget for 2016-17 has projected net tax collections at Rs 10.54 lakh crore, out of which indirect tax collections, a reflection of production and trade activities in the country, are estimated to be Rs 7.79 lakh crore. This means major chunk is from indirect taxes. If I go for a lunch or dinner in a restaurant in Trivandrum, I pay 18.5 % as tax. I did a study of the rural household in Kerala, during an economic literacy workshop in my own village, with women from relatively poor household. They have to buy everything from the market. And they brought a sample of things they usually buy and the indirect taxes were at an average of more than 10%. It was the first time they realized that they pay tax everyday to the government. And one of them said : "government' pick pocket us'everyday".
So those who say only 1% pay income tax say only part of the story. If only one percent pay income tax , it akso means there are less than one percent of Indians earn enough income from a regular job in the government or private sector, where there is tax deduction at source. And the reason that relatively very less people pay income tax simply because most of the people in India do not have income to pay tax.
And India is emerging as one of the most unequal societies in the world.In India, 75 % of people live less than 2 dollars a day and 25% still form the largest number of poor people and millions don't have access to land or livelihood. So the straight reason for relatively less income tax in India (compared to developed countries) is that a vast majority of Indians simply don't have enough income to pay income tax.
Income inequality, along with social and political inequality, is on the rise in India. There are 65 dollar billionaires in India. And they pay relatively less tax( in relation to their high income) than the rest( due to the higher percent of the indirect taxes in India) and most of
the tax evaders happened to belong to the rich class in India. In India, the richest 1% own 53% of the country’s wealth, according to the latest data from Credit Suisse. The richest 5% own 68.6%, while the top 10% have 76.3%. At the other end of the pyramid, the poorer half jostles for a mere 4.1% of national wealth. compare this with the data in 2000.The Credit Suisse data shows that India’s richest 1% owned just 36.8% of the country’s wealth in 2000, while the share of the top 10% was 65.9%. Since then they have steadily increased their share of the pie. The share of the top 1% now exceeds 50%. As per the various estimates 95% of Indians have assets worth less than 6 Lakhs. And there are 125,000(1.25 Lakhs) dollar millionaires in India. So instead of addressing the real problem of inequality, poverty, lack of assets and lack of livelihood for the majority of Indians, there is no point in worrying that only one percent pay income tax.
the tax evaders happened to belong to the rich class in India. In India, the richest 1% own 53% of the country’s wealth, according to the latest data from Credit Suisse. The richest 5% own 68.6%, while the top 10% have 76.3%. At the other end of the pyramid, the poorer half jostles for a mere 4.1% of national wealth. compare this with the data in 2000.The Credit Suisse data shows that India’s richest 1% owned just 36.8% of the country’s wealth in 2000, while the share of the top 10% was 65.9%. Since then they have steadily increased their share of the pie. The share of the top 1% now exceeds 50%. As per the various estimates 95% of Indians have assets worth less than 6 Lakhs. And there are 125,000(1.25 Lakhs) dollar millionaires in India. So instead of addressing the real problem of inequality, poverty, lack of assets and lack of livelihood for the majority of Indians, there is no point in worrying that only one percent pay income tax.
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