I'm quoting few lines of an article that I would like to share with you members
<quote> If you are among the fortunate few in india, about two percent of the population, who have declarable income, it is likely that this is because your parents invested in your good education for you, and you yourself have further invested grit and gumption to go out and - against enormous odds, considering unemployment figures - get a job or start an enterprise which gives you an income. The sarkar which has hindered you rather than helped you in your efforts to earn a livelihood, then has the temerity to tax you for your initiative and industry, adding official insult to fiscal injury.
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(Income Tax) is a punishment imposed on, and a deterent to efficiency, ingenuity and hard work. The harder, more efficiently and intelligently you work, chances are that your income will be that much higher, and liable to that much more tax.
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It makes more sense to tax to tax expenditure than to tax income. Tax indulgence and leisure, not hard work.
</quote>
Your comments!
<quote> If you are among the fortunate few in india, about two percent of the population, who have declarable income, it is likely that this is because your parents invested in your good education for you, and you yourself have further invested grit and gumption to go out and - against enormous odds, considering unemployment figures - get a job or start an enterprise which gives you an income. The sarkar which has hindered you rather than helped you in your efforts to earn a livelihood, then has the temerity to tax you for your initiative and industry, adding official insult to fiscal injury.
...
...
(Income Tax) is a punishment imposed on, and a deterent to efficiency, ingenuity and hard work. The harder, more efficiently and intelligently you work, chances are that your income will be that much higher, and liable to that much more tax.
...
It makes more sense to tax to tax expenditure than to tax income. Tax indulgence and leisure, not hard work.
</quote>
Your comments!