You are viewing a single comment's thread from:
RE: View This Copy of I-T Summons to HNIs—How Indian I-T Department Harasses Bitcoin Users In India!
@firepower what about tax? How will my country develop if people like this runaway without feeling a piece of responsibility towards their own country. Bitcoin is good but you just cant ignore the tax on which half of the country is living. Rich people wont't understand this.
Rich people pay taxes, they pay more than poor people do. Infact most of the time poor people get away without paying taxes on their income because they either dont meet the basic income slabs or get away with deductions. Rich might try to evade their income taxes or lower their liability but likely that they are still paying a lot more than the common man is. Besides it is estimated that more than 95% people don't pay taxes, and if this is true you can only imagine the % of regular people in this. However, this is probably an estimate related to income taxes as we pay a TON of indirect taxes in India.
This thing need to be solved pretty soon
Only 1.7% of commom people pay taxes in India. No wonder they are rich.
@vishalsingh4997 thats not the true. BITCOIN currency meant to be created to destroy the curruption of goverment and central authorities. And one thing you forget if you are asking for tax and calling bitcoin illegal then we no need to give the tax. Tax always been dedected/charged on legal things. ☺ am i right? @firepower ?
Brother , everyone has their own view and that was my personal view on Government and peoples. But not on the Bitcoin!
Maybe the government should stop overspending? People should keep the money they earn.