कमाई में आगे, टैक्स देने में पीछे: जानें भारत के अमीरों की पड़ताल

Quick Summary:

• A research conducted by Ram Singh, member of RBI’s Monetary Policy Committee and Director at Delhi School of Economics, reveals that wealthy individuals in India underreport their income relative to their accumulated wealth.
• The study utilized data from Lok Sabha candidate affidavits, Forbes’ rich list, and income tax records.
• findings indicate rich individuals ofen hide parts of their income to avoid taxes; the richer they are, the less proportionate tax they pay on wealth-derived returns.
• The bottom 10% families report double the income compared to their assets,whereas top 1% show merely 3-4% returns as taxable income. Super-rich (top 0.1%) display even lower figures (2%).
• Ultra-rich citizens contribute significantly less in taxes-only around 5% of wealth-derived returns for Forbes-listed billionaires-compared to moderate-income groups who receive certain tax exemptions.

Indian Opinion Analysis:

This research highlights structural loopholes within India’s taxation framework that enable wealthy individuals to minimize declared incomes and reduce tax liability disproportionately against their considerable assets. While it points toward possible inequities between wealth classes regarding contributions to public revenue streams, such patterns underline a lack of progressive taxation policies required for equitable burden-sharing among different economic strata. Policymakers may need further scrutiny on asset-based taxation reforms as ethical concerns around transparency and accountability deepen in socio-economic debates about fair distribution practices.

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