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Q.

Obama insists on tax hike for rich as part of fiscal deal. Do you think India too should increase taxes for the super rich?

Tags: india, money, super rich
Asked by Vaishnavi, 13 Nov '12 05:10 pm
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Answers (11)

1.

This should have been done long back. They give funds to all the parties and in return the parties avoid taxing them.
Answered by Francisco, 13 Nov '12 05:13 pm

 
  
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2.

YES, beyond a very high threshold of income, there shud be a 'super income tax'! That will reduce the disparity in the society, without in any way harming the super rich.
Answered by Shunmugham, 13 Nov '12 07:14 pm

 
  
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3.

It is of utmost importance
Answered by jameel ahmed, 13 Nov '12 06:16 pm

 
  
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4.

Rather....business people doing petty business (e.g. selling fish, kirana, pan patti, hair cutting) to be bought under taxation.....The super rich r already taxed atleast 40% apart from other luxury taxes.....but all this only account's to only 20% of the working population(mainly salaried and well settled business groups).....but others r enjoying all the benefits though many earn much more than the salaried person!!!
Answered by harshal kalangutkar, 13 Nov '12 05:46 pm

 
  
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5.

Why should we copy americans please
Answered by rajan, 13 Nov '12 05:13 pm

 
  
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6.

Why should we copy others at all ,cant we have our own policy for everything?
Answered by krish, 13 Nov '12 09:45 pm

 
  
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7.

It's very much desirable and in fact it's the need of the hour too....!
Answered by Dil Se, 13 Nov '12 08:55 pm

 
  
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8.

Yes
Answered by anil garg, 13 Nov '12 07:49 pm

 
  
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9.

No,that will put a break on the incentive to earn more,which may affect productivity n employment creation.
Answered by Damodar Biswal, 13 Nov '12 05:49 pm

 
  
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10.

Super rich are not taxable.because they invest in Swiss Bank and Hsbc
Answered by Surender Rao, 13 Nov '12 05:43 pm

 
  
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