Anubis
SENIOR MEMBER
- Joined
- Dec 15, 2012
- Messages
- 3,628
- Reaction score
- -1
- Country
- Location
Do understand that Congress is fooling people. While the below poverty people are around 37% and are getting various subsidies already, these Congress MFs are providing cheap subsidies to 67% of the people just with an eye on votebank. And guess what - only 3% pay for these subsidies.
1. Hardly anyone pays income tax
Only 3% of Indians pay income tax, in a population of 1.2bn. One explanation for this is that agriculture is exempt and two-thirds of Indians live in rural areas. A large chunk of the economy is also informal, unorganised labour, for which it's harder to collect taxes. Many argue that some of the country's financial problems would be solved in one fell swoop, if this massive tax hole could be filled.
BBC News - 10 things you might not know about India
What percentage of total Indian wealth does the top tax paying 3% own?What is BJP's economic plan?