| Author | Message | ||
Nice Hero Username: Nice Post Number: 17035 Registered: 05-2009 Posted From: 115.112.100.4 Rating: N/A |
30% tax d'tha - inka increase cheyyali anta. Free food batch ni control lo pedithe 30% tax pay cheyyakapoina India will develop. | ||
Savyasachi Comedian Username: Savyasachi Post Number: 1250 Registered: 12-2013 Posted From: 98.230.31.93 Rating: N/A |
 | ||
Zuran Junior Artist Username: Zuran Post Number: 303 Registered: 06-2007 Posted From: 167.230.140.9 Rating: |
Theoritically, this is correct. Because consumption taxes are regressive - that means they throw more burden on poor compared to rich. For e.g. if you buy a soap for 20 rs and it includes 2 rs tax with it, the guy who earns 100 rs per day pays 2% tax while guy earning 1000 rs per day earns 0.2% tax. Unlike regressive consumption taxes, income taxes are progressive i.e. rich are taxed more (e.g. 30% tax slab) and poor are taxed less (e.g. 10% tax slab). Theoritically regressive taxes need to be cut down and progressive taxes need to be upheld. But all this works in theoritical environment only. In practical scenario, where tax evaders(illegally) , tax avoiders(legally) are more, increasing income tax only stabs middle class which in turn reduces their net income there by reducing 'demand' for non-essential goods in the country. And this pulls down entire market and the catastrophic effects cascade. http://zurancinema.wordpress.com/ | ||
Thikka_sankara Megastar Username: Thikka_sankara Post Number: 29859 Registered: 02-2012 Posted From: 106.213.115.118 Rating: N/A |
Perfect.... It's the victims that don't belong to a religion -- reference intended | ||
Savyasachi Comedian Username: Savyasachi Post Number: 1248 Registered: 12-2013 Posted From: 98.230.31.93 Rating: N/A |
 worst idea ever. idi chesthe , middle class every day employee gets taxed more and more and business ppl will find ways to lawfully avoid taxes thru tax breaks and business expenses. Lazy fcuks who dont work are also happy coz they can feed off of hardworking ppls taxes. Consumption tax is the way to go. neeku avasaram ite prodcut kontav ,tax kadatav lekapothe konav. you have our money in your own pocket as simple as that. | ||
Inquisitive Comedian Username: Inquisitive Post Number: 1628 Registered: 09-2014 Posted From: 72.201.252.46 Rating: |
No. I wan't to avoid overburdening the income tax-payers while giving a free run to the evaders and exempt (read agriculturists). I don't believe in the idea of more equality by making the poor a little more poor but making the rich a lot poorer to reduce the gap. I would rather have a nation where the poor gain a little and the rich gain a lot resulting in benefit for both albeit unequally. Discouraging value creators (those who earn high salaries tend to create big value to the economy as a whole) by taking away a big chunk of their earnings is dangerous. Some might choose to retire early, some might work less than they could, some (especially) women may choose to become home makers. "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 | ||
Inquisitive Comedian Username: Inquisitive Post Number: 1627 Registered: 09-2014 Posted From: 72.201.252.46 Rating: N/A |
The fact that your ignorant comment was followed by a "lol" shows that you are ignorant about your ignorance! :-) "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 | ||
Inquisitive Comedian Username: Inquisitive Post Number: 1626 Registered: 09-2014 Posted From: 72.201.252.46 Rating: N/A |
Your thinking seems to be very naive. Binary lo alochistunnav...you have to grow up and train your mind to process more real world scenarios. I will try to help you: Businessmen aren't presented with a binary choice between a low tax state and a high resources (and human resources) state. They are presented with a choice of different combinations of taxes and resources in each state. If a state that lags in resources more than makes up for it by offering a tax advantage, businessmen would move there. They would lose some in pre-tax profits due to the resulting inefficiency but they'd be better off in the post-tax scenario. In cases where the tax difference isn't enough to offset the difference in suitability (due to resources or other factors), they wouldn't move. Now don't think in binary again and conclude that 100% of the business would not move. "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 | ||
Inquisitive Comedian Username: Inquisitive Post Number: 1624 Registered: 09-2014 Posted From: 72.201.252.46 Rating: N/A |
Your thinking seems to be very naive. Binary lo alochistunnav...you have to grow up and train your mind to process more real world scenarios. I will try to help you: Businessmen aren't presented with a binary choice between low tax state and high resources (and human resources) state. They are presented with a choice of different combinations of the two. If a state that lags in resources more than makes up for it by offering a tax advantage, businessmen would move there. They would lose some in pre-tax profits due to the resulting inefficiency but they'd be better off in the post-tax scenario. "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 | ||
Inquisitive Comedian Username: Inquisitive Post Number: 1623 Registered: 09-2014 Posted From: 72.201.252.46 Rating: N/A |
The list is too big! Worlds largest economy, USA teesuko as an example. Even if you adjust for purchasing power parity, the income tax rate is much lower in USA than in India. And US is known to be a country with somewhat high taxes. Don't point out the effective tax rate for ultra rich Americans and tell me that it is higher in the USA. Oka 50000 USD per annum income unnavaadu entha percent pay chestadu? Similar income (even after adjusting for purchasing power) unna Indian salaried person entha pay chestadu? "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 | ||
Inquisitive Comedian Username: Inquisitive Post Number: 1622 Registered: 09-2014 Posted From: 72.201.252.46 Rating: N/A |
Absolutely! Whenever the benefit of efficiency/suitability is lower than the tax savings, they would move! Profit maximisation is the obvious goal for businessmen. "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 | ||
Lenin Side Hero Username: Lenin Post Number: 9624 Registered: 08-2014 Posted From: 202.161.97.250 Rating: N/A |
Production moving to lower taxes vs production staying in a place where qualified labour and raw materials are available what will a smart business man choose? Inquisitive...so u r implying that Kerala can be a manufacturing hub if it offers lower tax rates and exemptions, leaving out TN wounded lol... <p> <em> Dalit for PM </em> </p> | ||
Lenin Side Hero Username: Lenin Post Number: 9623 Registered: 08-2014 Posted From: 202.161.97.250 Rating: N/A |
@ Inquisitive compared to which developed nation Income tax rates are high in India? u want taxes should be relaxed towards working and elite classes and let the economic difference grew more <p> <em> Dalit for PM </em> </p> | ||
Lenin Side Hero Username: Lenin Post Number: 9622 Registered: 08-2014 Posted From: 202.161.97.250 Rating: N/A |
@Inquisitive Do u mean to say US businessmen are moving to states with lower taxes for production? u want India to be centralized and grant more powers to the centre and let centre has the share of the state taxes as well <p> <em> Dalit for PM </em> </p> | ||
Inquisitive Comedian Username: Inquisitive Post Number: 1620 Registered: 09-2014 Posted From: 72.201.252.46 Rating: N/A |
Awful idea. As it is, we have high income taxes due to which employees and honest businessmen are punished and the dishonest and agriculturists are not made to pay their share even if they make a lot of money. If we completely move towards income tax rather than consumption based, we can expect to see the rich tax evaders (and tax exempt) buy luxury cars, goods etc. without paying a penny in any form of tax. And the backs of the ones paying would be broken. "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 | ||
Inquisitive Comedian Username: Inquisitive Post Number: 1618 Registered: 09-2014 Posted From: 72.201.252.46 Rating: N/A |
Absolutely yes! If it is not a unified market, production would be inefficient. Businessmen would produce in states with lower taxes even if it is inefficient to do so. In a unified market, they'd produce wherever it is most efficient to do so (because of availability of required raw material, human resources etc.) "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 | ||
Lenin Side Hero Username: Lenin Post Number: 9620 Registered: 08-2014 Posted From: 202.161.97.250 Rating: N/A |
Is n't there a chance for states like TN, MH will impose their own taxes on imported goods to stay relevant which will make the situation worse it's a loss for both traders and states Instead of moving away from VAT, what India should have done is, get rid off consumption taxes and increase income tax <p> <em> Dalit for PM </em> </p> | ||
Lenin Side Hero Username: Lenin Post Number: 9619 Registered: 08-2014 Posted From: 202.161.97.250 Rating: N/A |
What exactly GST will do to India? Eenadu colourful articles ni pakka ki petti throw some light I have seen significant effect of GST on inflation in Australia, after it's been introduced can't compare India to Australia...still, I feel like GST will be catastrophic <p> <em> Dalit for PM </em> </p> | ||
Lenin Side Hero Username: Lenin Post Number: 9618 Registered: 08-2014 Posted From: 202.161.97.250 Rating: N/A |
Should India be a unified market? <p> <em> Dalit for PM </em> </p> |
