News Discussion21mo
by GroovyBobaFounder
Memes
on
SillyDonut
Winter is over, Summer incoming
According to a 2012 RTI filing, there were 8 Lakh people with more than 1 Cr in Agriculture income, who paid ZERO taxes in India.
[1] 1% farmers in India own more than 10 hectare of land. And, they are by no standards poor.
And, as per a paper by the erstwhile Planning Commission, if we could tax even 0.04% richest farmers, it would generate 50,000 Cr of tax gains.
[2] This money is enough to run the MGNREGA scheme for a year.
This post is not against farmers. It is about getting the rich to pay their fair dues.
[3] It doesn't make much sense why a normal corporate employee making 25K/month should be carrying the burden of taxes for Crorepati farmers.
Widening the tax base would not hurt the government's revenues. And, it would improve the life of a normal tax payer.
But, guess how many political parties are talking about it?
16mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
MagicalQuokka
Stealth16mo
True. Poor farmers are also bearing the brunt as these large farmers enjoy economies of scale and can do price gouging to kill us in the market.
ZippyPretzel
Mapfre16mo
Tax the rich. There are lakhs are thousands, lakhs of poor farmers for every rich one. So please build your point of view with this in mind.
CosmicMochi
Swiggy16mo
Completely agree. Apply the same taxes as corporate employees. Collect the surcharge as well. When one has so much land why does he/she not pay tax ?
If that's the case, then I also am a farmer with my IT profession which is just a hobby ! I should also pay 0 taxes
WigglyPenguin
Stealth16mo
yaar at least khud ka dimag toh lga lo, godi media ki tarah copy paste hi krna hai?
aur uss RTI ka link dena
Discover more
Curated from across
Earnings bracket wise
This should help everyone understand the true picture of income brackets Indians fall in, where do viners belong?
Top comment
Grapeviners exclusively in the last two bars it seems like 🥲
News Discussion10mo
by DerpyWaffleEY
Bs take really! If you had that kind of money, will you be donating to 1.5B people? These zero bank balance ppl have opinion on everything
Btw they did charity, fed 5k people for 40 days
Top comment
We should tax billionaires at like 50-70% above a certain threshold. But we should use that money to build infra an...
News Discussion15mo
by QuirkyWalrusMachine Learning Engineer
