RE: View This Copy of I-T Summons to HNIs—How Indian I-T Department Harasses Bitcoin Users In India!

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View This Copy of I-T Summons to HNIs—How Indian I-T Department Harasses Bitcoin Users In India!

in bitcoin •  7 years ago 

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.

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This thing need to be solved pretty soon

Only 1.7% of commom people pay taxes in India. No wonder they are rich.