Consider this.
--You travel by road, you pay road tax
--You watch a movie, you pay entertainment tax
--You purchase some commodity, pay VAT
--You sell something pay sales tax.
--You buy a house, you pay property tax.
Still when you get "Salary" or "Income" you pay "Income Tax".
Is it not "Double Taxation"?
Why should we pay "Income Tax" ??
Is it for public welfare??
Is it for Parks , Hospitals and Educational Institutions?
If this argument is correct all our Income Tax should be spent only for public welfare because for
services that we have utilized or enjoyed we have already paid taxes as above!
See the condition of Parks -- Are the well maintained? And of Hospitals, I daily go to Victoria Hospital in Bangalore, condition there is pathetic, one becomes a patient if he goes there. Educational Institutions, I dont see any Govt School / College which gives quality education, how many Govt Colleges are there? How many Govt Merit Seats are there?
Our Income Tax is either going in drain or to the pockets of politcians.
Can we avoid it by having this?
Non Public Services
--Pay direct taxes on the Services you enjoy/utilize.
--Govt utilizes this tax for improving specific sectors, Eg. "Road Tax" to improve Roads.
Public Services like Parks, Hospitals, Educational Institiutions, Defense Expenditure,
--Govt should raise fund for public services by issuing Shares, people purchase it.No income tax here.The profit is nominal, this is similar to People Provident Fund or post office savings or National Savings Certificate etc.
--People should pay for the services for Gvt to maintain profit, "No Free Lunch". If you are not able to pay, Govt will pay from its profits. To avoid such things in the future Govt will improve the quality of people and slowly increase the "profits" and also the people's earning capabaility.
This is transparent and hence quality gets ensured.
No Income Tax to be collected as the public does not where it gets spent.
WIll this model work?
Is it being followed anywhere, a country without taxes?
