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Just 1% of Indians are paying 80% of the Nation's income tax

Thatmoonemojiguy

A guy with lot's of ... • 3d

Yes, it's true that 1% of Indians pay around 80% of the income tax, but that’s mainly because most people either earn too little to be taxed or are part of the informal economy. The real issue isn't that too few are paying it's that we need to widen the tax base, formalize more jobs, and reduce evasion. The goal should be a fair and balanced system, not just relying on a small group🌝

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Of course the value of money has changed but it's a great comparison. It does not show Congress taxed the rich btw. Nobody was paying 97.5% tax. They were just paying bribes to Congress to keep money black. That's how they destroyed our economy.

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