1. Driving down the road you are suddenly shoved around by a convey of Cars; Siren glaring & Lights Flashing & being gestured to you rudely to get out of the way for a supposedly VVIP. How does it feel to be paying Taxes for the expenses of this Person who has no regard or respect for you. 2. Oil Companies keep crying over losses on Sales of Fuels. Has anybody ever gone into their Overheads to find out the expenses & calculate their legitimate costs? 3. Our government says that peak Income Tax of 30.9% is low as compared to other Countries. Do you know that the slab at which this rate is applicable is probably the lowest when compared to the slabs when higher tax rates are applicable in those Countries (Keeping in mind the Purchase Power Parity of the Rupee). 4. For every Rupee we earn (as Salary) we end up paying Taxes as : 1. Avg. 24% Income Tax. 2. Avg. 8% Excise on items we normally purchase. 3. Avg. 6% as VAT. 4. Avg. 6% as Service Tax. 5. Avg. 4-6% other Taxes. So we end up paying more then 50% of what we earn to the government & this holds true for most people. Are we getting the 50% of effort we put in our work as facilties which reflect that all Taxes are being put to legitimate expenses?
