| Author | Message | ||
Abhysg Legend Username: Abhysg Post Number: 51017 Registered: 08-2008 Rating: N/A |
Evadu kadtadu antha unte... | ||
Maverick Legend Username: Maverick Post Number: 73005 Registered: 01-2008 Rating: N/A |
In the year 1970-71, personal income tax was spread over 11 slabs. The lowest slab attracted 10 percent and the highest one 85 percent tax. Even if we add surcharge, the highest slab attracted 93.5 percent tax. In the year 1973-74, the people qualifying under the highest tax slab were imposed with 97.75 percent tax. 97% tax aa? Did this trigger black money send tax evasion? There's a cacophony in the truth, A melody in lies and it accompanies one on every journey, From the lows to the highs |