Should India raise taxes on the rich?
Australia currently has a progressive tax system whereby high income earners pay a higher percentage of tax than low income tax. A more progressive income tax system has been proposed as a tool towards reducing wealth inequality.
@9KNYNTG2mos2MO
Taxes should be zero for everyone and if not zero then their should be a class differentiation between tax payers and non taxpayers where taxpayers should be treated better by the state.
@9FQ56TP7mos7MO
no instead cut but not drastically
@9D2F5CZ9mos9MO
Increase tax on super rich and decrease for middle class and lower class
@9CQTN4YBharatiya Janata10mos10MO
Give some benefits to tax paying class
Deleted10mos10MO
Tax marginally below what our peer countries do
It is better to widen the tax net and disincentivize under reporting and tax evasion.
@9CQ4LNRIndian National Congress10mos10MO
Increase Income Tax Rates, Increase Deductions encouraging Investments and Savings. Flat GST Rate
@9CQ2B6H10mos10MO
Raise taxes on ultra rich and big conglomerates while reducing taxes on middle and lower middle income classes
@9CPZBGZIndian National Congress10mos10MO
Must be proportionate with their respective incoming
@9CPVKR5Bharatiya Janata10mos10MO
Yes, and provide deductions proportionate to the investment and wealth creation within the country.
@93RZ4JG2yrs2Y
Raise tax for the rich, lower tax for the poor, and keep tax the same for middle class.
@922F8F52yrs2Y
Reform to a high-enough flat or near-flat tax rate.
@8XJBSGM2yrs2Y
Lower the Tax Rates, Simplify the System and Focus on Tax Evasion
@8WY44CN2yrs2Y
Lower the income tax rate and flatten it. Eliminate tax loopholes for corporations and billionaires. Then decrease or eliminate corporate gains tax.
@8WXYJBVIndependent2yrs2Y
Make the income tax flatter and lower, eliminate loopholes for large corporations, then decrease or eliminate corporate gains tax
@8TQFG9V3yrs3Y
raise it higher slightly and remove tax loopholes
@8TG74WXIndependent3yrs3Y
Abolish Personal Income Tax, Reform GST to act like a Nordic VAT PoS Tax and remove other secondary and indirect taxes as they only cause inflationary pressure on the economy
@9CPNK4410mos10MO
Increasing taxes on the rich in a developing country does lead to capital flight & brain drain, while higher taxes/barriers on MNCs mean that they will absord the benefit and transfer the tax onto us.
@98G5Z9YIndependent1yr1Y
Yes but lower taxes for the poorly and ask for tax according to income bracket
Abolish Income Tax, Reform to Flat Tax and Remove Tax Loopholes.
@8RPP46D3yrs3Y
Tax slabs should be revisited and lowered and ensure that every one pays tax irrespective of anything and eliminate the loop holes
@8DBFWJD4yrs4Y
I don't have much knowledge about this yet
@93ZP8QG2yrs2Y
Yes, but simply to ensure that the wealthy pay their fair share. It is absurd that major corporations, such as Amazon and Walmart, pay no or little federal income taxes, while the average American foots the bill. All existing tax loopholes for large corporations should be closed. This would generate sufficient revenue to fund education, healthcare, and social programs such as increased student loan forgiveness, paid family leave, and universal Pre-K.
@52YRS682yrs2Y
Yes, but only the extremely rich exceeding $200,000 a year and raise the tax brackets for those individuals while abolishing the income tax for all citizens making less.
Deleted2yrs2Y
No, reform to a flat tax, abolish all taxes except sales tax, and require payment/ tolls for use of federal services to make them self sustainable (roads, parks, postage, etc.). Tax collection funds services that can't charge (law enforcement, military, congress, etc.)
@heatherdvdprincess2yrs2Y
Reform to a flat tax, or a flat tax for income after poverty level, and raise poverty level to the amount of money needed for a reasonable standard of living for someone with average financial literacy.
Teach financial literacy in school. The lowest income I can consistently find people online living comfortably with is $7k, with some DIY skills.
Deleted2yrs2Y
Abolish the income tax, replace all federal taxes with a single LVT
@5Z8DMCG2yrs2Y
Focus on removing tax loopholes first.
@92JXK3J2yrs2Y
No, but stop the rich from exploiting loopholes to avoid taxes. If we are to lower taxes, especially for the poor, the rich must logically pick up some of the slack, but raising taxes is not the solution. Just ensure that the rich cannot avoid taxes.
@93RWDYB2yrs2Y
Abolish all taxes but LVT
@92JXK3J2yrs2Y
No, but stop the rich from exploiting loopholes to avoid taxes. If we are to lower taxes, especially for the poor, the rich must logically pick up some of the slack.
@924MYCK2yrs2Y
Yes, higher for the rich and lower for middle and low-income citizens, and eliminate loopholes so that they pay their fair share. Also, use the taxpayer money to fund social programs, infrastructure, etc.
@WhenDidISayThis2yrs2Y
Only for those making over $400k a year
@8T58M5P2yrs2Y
No, abolish the income tax and keep taxes on large corporations
@938PWY62yrs2Y
Tax the rich if you want, but the only tax hikes that matter are establishing commodity and public stock trade fees and raising corporate taxes.
@9375CJZ2yrs2Y
graduated tax percentage
@935ZDRY2yrs2Y
No, but only for the rich who have committed crimes or had shady business dealings
@9334YP32yrs2Y
No, taxation is theft and should be abolished entirely for all US citizens.
@92YHQCV2yrs2Y
Yes, and remove all existing tax loopholes for large corporations so they can start paying their fair share. After all, the Richer you are, the Higher your Taxes, and the Poorer you are, the Lower your Taxes, that's how it should work.
@88LK76J2yrs2Y
No and abolish taxation
@Blakers84312yrs2Y
No, Abolish Property taxes and lower state and federal income taxes
@92X5HLD2yrs2Y
No, and all taxes should be abolished
@92VBD9F2yrs2Y
No, unless they are getting rich illegally
@92RSHM92yrs2Y
yes, but it wouldn't change anything because the rich can become richer
@92QZ6L22yrs2Y
Yes, but do so by creating a VAT that would decrease economic inequality over time
@92QZ6L22yrs2Y
No, create a VAT that would decrease economic inequality over time
@92PWWFR2yrs2Y
It is pointless because they will find a loophole
@92P9ZPN2yrs2Y
yes we should tax the rich and lower the tax rate for the poor
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