As we are paying taxes on every products,Fuels.Taxes while doing business..Why there is Income Tax....It's seems like again and again we are paying Taxes only...Alomost more than 50% of Income is going to Government in all firm of TAXES....It's so rediculas....If they are using that money for countries growth,Infrastructure is fine.But most of the money is going to Politicians and Big business firms only.....
As we are paying taxes on every products,Fuels.Taxes while doing business..Why there is Income Tax....It's seems like again and again we are paying Taxes only...Alomost more than 50% of Income is going to Government in all firm of TAXES....It's so rediculas....If they are using that money for countries growth,Infrastructure is fine.But most of the money is going to Politicians and Big business firms only.....
Re: Remove Income Tax........Multi level Tax...
by JMGautam on Feb 24, 2011 10:57 AM
Now there is a million doolar question whether we i.e. a common citizen should continue to pay the taxes for these so called scam expert group of people comprising many walks of life; and, top of that we fail to understand that by means of having and maintaing the calm/ serene attitude towards them our DEAR Government is endorsing their act or accepting that mastery in the act or else allowing them to continue and flourish as in a democratic society it is their right.
Re: Remove Income Tax........Multi level Tax...
by JMGautam on Feb 24, 2011 10:57 AM
Now there is a million doolar question whether we i.e. a common citizen should continue to pay the taxes for these so called scam expert group of people comprising many walks of life; and, top of that we fail to understand that by means of having and maintaing the calm/ serene attitude towards them our DEAR Government is endorsing their act or accepting that mastery in the act or else allowing them to continue and flourish as in a democratic society it is their right.
The most interesting fact about this bodget is that there is no interesting fact about this budget, because: -The government also proposes to levy 50% tax on inflation. The tax will increase along with rise in inflation.
- Every Indian has to wear oxygen meter after this bodget. The government proposes to levy upto 50% oxygen tax on breathing oxygen from air. People from polluted areas may apply for exemption from this tax. People from Hill stations will have to pay maximum oxygen Tax.
- Walking tax is proposed for all Indian citizens who begin to walk. Allpeople above the age of 2 years will have to pay this tax. All the people above 2 years, who walk on their own feet, have to wear walking meter, and submit the details of this meter along with annual IT return.
- Interim taxation shall be levied on anything which the people use or do daily, without prior proposal in budget.
- 50% tax is to be levied on individuals who are not eligible to pay any type of tax.
LAST BUT NOT THE LEAST:
- 25% additional tax is proposed on any type of tax paid to the govrnment, and 50% surcharge is proposed on the total amount of any type of tax paid, including the above 25% additional tax.
Creat a tax free bank in india ( in lakshawdeep / Andamand Nicobar islant ) ask politician to deposit their black money to this bank. all Black money can utilise by India govt. for development.
Reduce the taxes & multiple taxes
Ask all OIL company to REDUCE OPERATIONAL COST REMOVE TAX AND DUTY ON PETROL. DIESAL AND GAS SO ALL OIL PRICES NEED TO COME DOWN MATCH WITH OUR NEIGHBOURING COUNTRY
STOP COMMODITY TRADING FROM SHARE MARKET.
STRENGHTEN PUBLIC DISTRIBUTION SYSTEM BY COLLECTING AGRICULTURAL PRODUCTS FROM FARMERS AND DISTRIBUTE BY GOVT OWN AGENCIES/CORPORATIONS
The most important fact of al Budgets is that it given the prevailing Finance Minister to squeeze the middle class and salaried classes so that the Govt can make more money that the politicians and others could then swindle.
but we want to know how it will affect us. Is there no relief for the average wage earner? The middleman is reeling under senseless spiralling prices of everything! Will our wages go up to help out with steep food prices?
This was an interesting trivia about Budgets since 1947 and FMs since then. Hope this year's Budget presentation by Pranab Mukherjee is common man-friendly. It is likely to be soft and populist, considering assembly elections in 5-6 important States later this year. To recover from its all-time low public support, Congress will want to salvage some of it by doling out more sops for masses.
Mr. Pranab Mukherjee should do the following things in his Budget Proposal 2011-12 to improove the Congress image. 1) First try to mope up as much Black Money stashed in tax Heavens & Banks to give revenue support for various infra Projects.
2) No more Disinvestment proposals in PSUs in liue of Retrival of Black Money.
3) Reduce tax Burdens Across board to give more money to people to face 17 to 18% food Inflation levels, Fuel & LPG price Hikes.
4) Declare Andaman/Nicobar Islands and Lakshadeep as India's Tax Heavens to source International funds and use 20% deposit every year from these heavens to Support India's Annual Budget to avoid any further embarrasssing missives from Apex Court.
Re: Suggestions
by Hebbar R on Feb 07, 2011 10:38 AM
Rest assured, the Finance Minister will do none of these. These are against the hidden belief of the Congress which is anti-aam aadmi internally.
