[chdir]

Some stats on Income tax payers from India :

"Data shows only 1% of population pays income tax, over 5000 pay more than 1 crore ($145K USD)"

Only "six individuals fell in the high-end earning bracket of Rs 50-100 crore (7-14 Million USD) of salary income."

Wow ! Just 6 individuals. India's got NO shortage of millionaires & billionaires. The abysmal income tax collection clearly indicates a gaping problem with rules & their implementation.

- Source : http://indianexpress.com/article/india/india-news-india/data...

[tomp]

Judging from experience from other countries, people don't become billionaires by earning income (but rather by growing capital).

I think it's unfair that income is the primary base for tax, not capital, but that's life.

[mangamadaiyan]

Honest question: isn't the growth of capital also an income? And if it is, it should get taxed, no?