Friday 14 November 2014

[UPDATED] MBAs should be TAXED at Higher Rates in our COUNTRY (IIMB)

MBAs should be taxed at higher rates in our country (IIMB):


in Favour

  • Management professionals, Corporates and businessmen, are earning huge amount of money so; government should tax them based on their income.
  • As well as MBAs have better knowledge of tax system so they are saving more money through tax rebate.
  • Recently USA government brought higher taxes for rich population; such laws can bring more money to government.


in Against

  • Taxation is a policy and policies are decided for masses at large. In order to avoid any discrepancy and bias rates are fixed on income and not on the basis of profession.
  • MBAs and other such professionals are paying "professional taxes". So charging them again a higher rate is not required.
  • Government should tax people based on their income.

Conclusion :
Taxation should be based on income rather than profession.

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