Just go few years back……..near about 1930….1940……..how many taxes we were paying………? I was not born on that time………if something I read about taxation at that time…….it was Tax on salt…..and lagan……..
Now have a look on taxes we pay in our current time……..Excise/Production duty……20 to 35%, VAT…..1 to 12.5%,….Service Tax……12.36%, Security Transaction Tax ……..0.017%......, Income Tax 10 to 30%+Cess ,Besides… those……house tax, electricity tax, entertainment tax, road tax,….etc.
If we head-wise customize our expenditures and exclude the amount of tax we can easily trace-out that we are actually spending on 30-40% of our income and rest of the amount that we pay is tax that is been flushed by government ……….
Did any of central or state government declared………how much has been collected from a particular area and how much amount has been spent on development or on other utilities in that particular area……??
One question that I am facing from beginning………Mr. X manufacture something……and sell to Mr. Y…….and the product transferred to Mr. Z……and public……..now what the hell government did in this simple procedure…….? Why the central government ask for production duty and state government……..VAT….?
Well……..my friends some time asks …….if government does not collect taxes……..from where they will arrange money for administration……/development…….
Well the first solution that flash in my mind is…….ask 2% from every-one as national contribution……….and forget all……if this is not enough………than collect the tax as you are doing and return it after 5 years……….run your administration expenditure from the interest ………..
But now my friends keep quite……they know……..it is not possible.
And Finance Ministers……..actually……he should be called fraud minister here is a small example of his sucking nature……….When STT was introduced …it was promised by FM that this amount can be reduced from Income-tax……..for few years ……..it was claimed but now the intention of FM has become dishonest……..now he says……you can setoff the STT as expenditure but can’t claim as tax……..
Well……...some time I feel…….ducats are much better who loots you once or twice…….but governments……..they rapes whole life……….
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