tag:blogger.com,1999:blog-7789352599711407396.post425387590477168709..comments2024-01-14T14:06:33.246+05:30Comments on NEWS, VIEWS & SERENDIPITY: Abolish Income TaxAmitabh Mukherjeehttp://www.blogger.com/profile/01885571461789768730noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7789352599711407396.post-62607992826936286932009-07-09T09:26:43.542+05:302009-07-09T09:26:43.542+05:30Good point Sanoop.
However, you must realize that ...Good point Sanoop.<br />However, you must realize that all tax saving schemes are low risk, low return schemes. So the present tax saving schemes actually take away your right to decide where you wish to invest. And hard luck if the funds suffer. The fund managers have to find out attractive schemes to attract investments.Amitabh Mukherjeehttps://www.blogger.com/profile/01885571461789768730noreply@blogger.comtag:blogger.com,1999:blog-7789352599711407396.post-40794798193428026432009-07-08T14:39:27.342+05:302009-07-08T14:39:27.342+05:30I think atleast 60% of the salaried professionals ...I think atleast 60% of the salaried professionals go for investments just to save up on the tax factor... Now just in case Income Tax is abolished.. would it make them wiser to still invest for a secure future? and wouldn't all the funds that were generated by those investments be affected?Unknownhttps://www.blogger.com/profile/16087741299861360318noreply@blogger.comtag:blogger.com,1999:blog-7789352599711407396.post-74861654326304296002009-07-07T20:50:41.777+05:302009-07-07T20:50:41.777+05:30Actually, taxes are the instrument to take from th...Actually, taxes are the instrument to take from the rich and give it to the poor. At least it is meant to be like that. However, the real rich do not pay taxes. It is only the salaried class that faces the brunt. I will be explaining this in my other blog 'Want to be rich?'Amitabh Mukherjeehttps://www.blogger.com/profile/01885571461789768730noreply@blogger.comtag:blogger.com,1999:blog-7789352599711407396.post-67829639066461183732009-07-07T18:41:01.202+05:302009-07-07T18:41:01.202+05:30i think its a gr8 suggestion..this may also lead t...i think its a gr8 suggestion..this may also lead to the poorer becoming richer and the richer becoming poorer..heheGautamhttps://www.blogger.com/profile/15855818982948541698noreply@blogger.com