Alok Jain ⚡
Alok Jain ⚡

@WeekendInvestng

4 Tweets 56 reads Apr 14, 2023
You earn 100
You pay 30-39 pct direct tax (say top brackets)
You spend most of the 61-70 you saved.
That spending attracts GST of 18-28 pct mostly
So out of 100, you give away more than 50 pct to govt
That money is used to build some infra, run admin, defense...
, law and order etc etc and also help fellow economically weaker citizens through various subsidies.
#Tax payers shd get more respect.
At less than 3 pct direct tax payers too few people have been burdened with a very heavy ever increasing load on their backs.
@nsitharaman ji
Some form of input credit scheme for GST spent should be allowed against direct income tax paid
This will not only plug last mile GST evasion but increase direct tax compliance.
Second, you *have to* now tax the farmer who earns the equivalent of a middle class or more.
I know nothing changes easily but if there is no public debate or even outcry, there will be no hope either.

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