Taxes. We are besieged by them: The government takes away a chunk of our earnings through personal income tax. And when we use the reduced earnings to buy goods at the store or get a facial uplift at the salon, we are taxed again. Can we ever get this income tax monkey off our back?
What if the government were to take a bold step and abolish personal income tax? You heard us. Zero income tax.
(This story appears in the 03 July, 2009 issue of Forbes India. To visit our Archives, click here.)
If wishes were horses.. The most perfect world to live in ...
on Feb 28, 2013Congress is a socialist party. Politicians and bureaucrats need to earn their living. Taxing people these people take personal pride, and the power they enjoy.<br /> <br /> This is more of ego and power problem than economic issue.
on Jul 6, 2009There should be an easier way to get TDS refund, especially of your income is below the lowest income tax slab. I am forced to file returns year just to get a refund.
on Jul 6, 2009