Have you wondered who drives the indian economy?
not surprisingly it is the middle class wage earner.
He pays the taxes.
He consumes also the maximum.
But Govt policies do not cater to this class.
They formulate policies to give doles to the poor and incentives to the industrialists to perform.
Yet these classes do not do much to aid the economy. Industrialists evade/avoid taxes ,the poor just live off
doles.
Middle class should be exempt from taxes on income. They any way are taxed indirectly on what they consume.
Govt can fire off the army of income tax officials who spend time targeting the IT returns of middle class.
Govt can save on their salaries and reduce corruption they indulge in .
not surprisingly it is the middle class wage earner.
He pays the taxes.
He consumes also the maximum.
But Govt policies do not cater to this class.
They formulate policies to give doles to the poor and incentives to the industrialists to perform.
Yet these classes do not do much to aid the economy. Industrialists evade/avoid taxes ,the poor just live off
doles.
Middle class should be exempt from taxes on income. They any way are taxed indirectly on what they consume.
Govt can fire off the army of income tax officials who spend time targeting the IT returns of middle class.
Govt can save on their salaries and reduce corruption they indulge in .