Just Imagine from the time you wake up to go to sleep how much tax do we actually pay the government.
Remember the taxes are divided in to so many categories
Income tax - for the central government
sales tax - for the state government
service tax - for the service I have chosen to opt for
there are fixed and variable taxes apply
Let me illustrate with a example of my own
I live in a small apartment in chennai, Tamilnadu, India so I have
- to pay property tax,
- water tax if I had to drink water,
- for light and fans I pay service tax to the electricity board.
(The below above are fixed ones but still varies with area dimension you live and the usage)
for using the brush and tooth paste you pay sales tax when you brought them, so this means any commodity I buy I have to pay sales tax (variable tax depends on your life style).
Let me now start to office, I own a two wheeler, I paid the sales tax, road tax, life tax. and for the petrol I pay sales tax – (for the center and the state government). For the work and What I earn I pay Professional tax and Income tax.
If I take a public transport system, I pay indirectly a service tax.
For the breakfast, lunch and dinner I eat hmmnnn..n I still pay the tax. considering I eat outside, If I eat the food from home still I pay the sales tax.
Do you know any tax which is levied on a common middle class man is higher than a business class man on an average.
Why is that we need to pay tax?
Do we have proper roads, Do we have proper public transport system, so that we can avoid using our own vehicles and save money for ourselves and save money for the government. Do we have proper roads which connect all urban and rural areas. Do we have proper Electricity with no power cuts and do all villages have electricity. Do most of them become literate.
Why the working class has to pay the tax all the time? Why are we the scape goat
Why is the black money around?
The root cause is the word "TAX" we pay huge tax in India.
Conclusion: I feel the answer is pretty simple. Lower the tax as much as possible every one pays irrespective of working or business class. Allow business to grow, allow people to spend money, allow people to get highly paid jobs, rest will come back to place
Technorati Tags: tax, India, chennai, government, property tax, water tax, service tax, cut taxes
I THINK THAT THE TAX SYSTEM INDIA IS RIGID AND IT HAS LOT LAGUNA BECAUSE EXCESSIVE TAX SYSTEM ARE NOT BEING DELEGATED TO PEOPLE PROPRELY I HENCE FEEL THAT 35% OF TOTAL POPULI IS PAYING THE TAXES.
HENCE GOVT SHOULD MARGINALIZED THE TAX SYSTEM IN THE COUNTRY.
Hi. I live in the US, and my husband and I both work and pay taxes. In fact, a much higher percentage of Americans pay taxes to their govt than do Indians, and yet, with ALL these American tax payers funneling their hard-earned money in the system, we still pay an estimated 54.4% of our income!!! Read the following below:
How much tax do we really pay?
Federal personal income tax 17%
State & local income taxes 10.1%
Sales tax 8.6%
Social security & Medicaid 7.65%
Federal corporate income tax share 3%
Property (on both real estate and vehicles owned)
tax 2.5%
Fuel/gasoline tax .5%
Other 5% Includes estate tax, fees, licenses, inflation losses, inheritance, deficit allowance, gift, and others too numerous to mention. Estimated.
Total tax percentage paid by the above average US citizen, 2005 – 54.4%
A partial list of the various ways in which citizens of the US are taxed:
Accounts Receivable Tax
Building Permit Tax
Capital Gains Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Court Fines (indirect taxes)
Deficit spending
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel permit tax
Gasoline Tax
Hunting License Tax
Inflation
Inheritance Tax Interest expense (tax on the money)
Inventory tax IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Local Income Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Septic Permit Tax
Service Charge Taxes
Social Security Tax
Road Usage Taxes (Truckers)
Sales Taxes
Recreational Vehicle Tax
Road Toll Booth Taxes
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone federal excise tax
Telephone federal universal service fee tax
Telephone federal, state and local surcharge taxes
Telephone minimum usage surcharge tax
Telephone recurring and non-recurring charges tax
Telephone state and local tax
Telephone usage charge tax
Toll Bridge Taxes
Toll Tunnel Taxes
Traffic Fines (indirect taxation)
Trailer Registration Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
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I don’t agree, we don’t spend as much as tax as you think in the U.S., and besides, India is just sucking all our telemarketer jobs with their low tax, so quit complaining!
India iss the most free country in this world. this goes to show with its taxes tally and their precentages.for a man in US he needs to pay more tax than the one in india.
He could find a wide grassy area. you take her clothes off Think about their.
Ofcourse we ,in INDIA, pay less TAX than what actually should be paid. If we want benefits like what First World countries’ citizens get from their Government, we should also pay taxes like them.
Infact there should not be any other option for TAX Paying.
Whatever amount of Taxes we are paying, is supposed to be spent on Govt. employees Salary, Infrastructure and Welfare of the state and its people. In other words it should come back to the people in some way or the other. But unfortunately that is not the case in India. A high percetage of this amount is stashed away as black money by Politicians and Govt. servants. Business man as such know the ways to avoid paying taxes. So the burden of running this country is actually borne by middle class.
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