I will reduce the govt size, only 3% income tax on everyone. rest will generated from service tax/VAT.
Big govenment => Too much expenditure => too much regulations => too much power to the bureaucrats => too much corruption => drags the economy => unequal distribution of wealth => social unrest => death of millions of innocent ppl => division of the country.
Re: Let us stop HRA & Tax Exemption for Housing Loan
by jhonny k on Feb 23, 2010 05:02 PM Permalink
Don't blame builders. Its the dumb consumers. Biz always try to earn extra penny, consumers should always try to save.. If something is not worth there money don't buy it... Consumers want then they can bring these builders, biz communities to there knees.
In india Biz communities are alwasy united we call this as cartel. But consumers are not united.. we want to showoff each other....... thats the problem.
Re: Let us stop HRA & Tax Exemption for Housing Loan
by Prabhas Ghosh on Feb 23, 2010 04:20 PM Permalink
I agree whole heartedly. this alone will bring down inflation that happened in the housing construction sector.
Re: Let us stop HRA & Tax Exemption for Housing Loan
by Prabhas Ghosh on Feb 23, 2010 04:20 PM Permalink
I agree whole heartedly. this alone will bring down inflation that happened in the housing construction sector.
FM should introduce the inheritance tax. With so many billionaires in India, a modest inheritance tax of 30% would generate substantial revenues for the govt. and they can lower the burden on lower/middle class with regular income tax. US, I think, has 55% inheritance (estate) tax.
FM should introduce the inheritance tax. With so many billionaires in India, a modest inheritance tax of 30% would generate substantial revenues for the govt. and they can lower the burden on lower/middle class with regular income tax. US, I think, has 55% inheritance (estate) tax.
I think in India, we do not have inheritance tax. Since we have some of the world's biggest billionaires and of course, a large number of politicians who have looted a lot of money, having an inheritance tax would generate a lot of revenue to the government and we can even reduce the tax on the middle and lower class people. US, for instance, has up to 55% inheritance tax. Ambani, Premji, et al have enough money for the next 100 generations even after paying 30% inheritance tax
I think in India, we do not have inheritance tax. Since we have some of the world's biggest billionaires and of course, a large number of politicians who have looted a lot of money, having an inheritance tax would generate a lot of revenue to the government and we can even reduce the tax on the middle and lower class people. US, for instance, has up to 55% inheritance tax. Ambani, Premji, et al have enough money for the next 100 generations even after paying 30% inheritance tax
Re: introduce inheritance tax
by vuyyala nagesh on Feb 23, 2010 03:58 PM Permalink
no need to have inheritance tax, if the govt. collects the tax from the govt. officials and from politicians then we get a lot of revenue maybe we may pay all the debts to other countries and can give a lot of money to the poor in the world too. But govt. is in the hands of politicians and not in the hands of people as said by the constitution (democratic govt. is by the people, for the people, by the people)
