Need Reforms on Pro-Rich Tax System in India!

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Need Reforms on Pro-Rich Tax System in India!

Indian Government Tax Rules are favoring Rich/Super Rich while extorting money from the majority Middle Class people in the name of Income Tax!

Income Taxes in India ranges from 5% to 30% of the Total Annual Income! 

These Income Taxes are mostly paid by the Salaried People and Small/Medium Business/Industry people who mostly belong to the Middle Class People!

Rich/Super Rich People who earn 10/100/1000 times Annual Income compared to these Middle Class salaried/Business/Industry people can hide easily their Huge Annual Incomes by investing them on Properties/Real Estates/Gold etc then they don’t have to pay 30% on their income! Instead they pay 1% as Wealth Tax!

What a Wrong Tax System!

This wrong Government Tax System is helping the Rich/Super Rich people to accumulate more and more Assets in terms of Properties/Farms/Lands/Golds; by converting their huge Annual Incomes into such huge wealths!

This is very unfair Tax Rule favoring the wealthy people!

Government should, instead; collect a minimum of 20-30% Wealth Tax on the Wealth of the Rich/Super Rich people in any form above 1 Crore value.

Current Tax Rule system is nothing but extorting money from the majority Middle Class People and favoring the Rich/Super Rich People to accumulate more & more wealth by evading their Income Tax payments; converting them into Wealth; thus saving 29% on their Tax Payments; because Income Tax on their Annual Income is 30% while Wealth Tax is just a meager 1%!

Please think… Is this fair or justified?

This wrong Government Tax System had been making the Rich people richer while the majority of Middle Class people remaining stagnant, unable to improve their standard of living to the Rich Class!

Solution?

Middle Class and poor people should be People’s Representatives through fair General Elections and get elected as Panchatyat Members, Municipal/City Corporation Members, MLAs, MPs and run the Government/Public Administrative Bodies and make new Tax Rules to bring justice to all towards equality i.e. no extremes of Rich and Poor among the citizens i.e equitable [fair] sharing of wealth among the citizens of the country!

Wake up Middle Class & Poor People of India!
Let us bring better changes in India now!

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