FuzzyBoba
FuzzyBoba

Heart of Gold

To all the people who say where my Tax money is going...

Post image
19mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑
+322 new users this month
GigglyPotato
GigglyPotato
Slice19mo

Just when I thought about why I haven't seen any dumb shit today, so apparently lakh crores worth goes to 10-20k odd student's education fees. The math totally adds up 👍

FuzzyBoba
FuzzyBoba

This is one example but if you want more, the soldiers on the border, the metros you travel to work to, the Chandrayan that landed on the Moon, the IIT and NIT all are funded from Tax payers like us.

GigglyPotato
GigglyPotato
Slice19mo

IIT/NIT are not completely founded by tax money, Annual fee at IITs are around 2.5L you can get a decent private college for the same fee.

Everything you've included only constitutes a small percentage (<<<50%), where does the rest of it go?

PrancingNugget
PrancingNugget

So 1% of our taxes are invested in the right things.

GroovyBoba
GroovyBoba

Now let's tally how much is wasted in useless socialist schemes

SillyJellybean
SillyJellybean

And how much is lost to corruption and ends up with ministers and their families

ZoomyMuffin
ZoomyMuffin

Well said.

Money begets money.

Govt subsidies in the right sector builds nations.

ZoomyNugget
ZoomyNugget
Tesla19mo

Just impose the same taxes on the 'farmers' and I am happy to throw away even more money.

CosmicQuokka
CosmicQuokka

All this when miniscule % people actual pay any direct taxes, imagine when everyone pays their fair share.

I mean even small country like Uzbekistan has flat 12% income tax from minimum wages factory labour to ceo, at the very least it's habit forming.

SquishyQuokka
SquishyQuokka
Gojek19mo

Right government subsidies contribute to nation building

BubblyBoba
BubblyBoba

Most of the people previously mentioned how
Tax payer's money is spent inefficently
No one has disregarded good schemes

One scam or bail out washes away most of the taxpayers money (ex- Air India bail outs )

@purushpsm147 it's a higher moral responsibility to fight against such inefficiencies

Discover more
Curated from across
Personal Finance
by SparklyCupcakeConsultant

Congrats everyone!

We have done it. We contribute more to the country in taxes than corporates.

Let’s celebrate this historic and absolutely patriotic moment in our broken dreams, in our rented homes, in our over taxed cars, in our pond sized p...

Post image
Top comments
user

My blood boils whenever politicians talk about giving freebies for votes. That's my tax money

user

Abki bar 40% tax bracket par.

user

Modi ji ne kiya hai to kuch soch samajh kar hi Kiya hoga

Misc
Misc15mo
by FuzzyMuffinSoftware Developer

Why do people keep ranting about income tax

Bro, you are earning. Shouldn't you just be grateful that you are not born in war torn Afghanistan or disease ridden Africa. I mean life could be so much worse. In fact, the only difference between you and the office boy is the household...

Top comments
user

I'm okay with paying income tax. I'm not okay with the rest of the 97% paying no income tax.

user

I pay a hefty amount every month as tax. My dad pays 2.5x the hefty amount as tax every month. We both drive on...

user

Are you serious ? Don't make tax sound like charity. If the govt is making me work for it 3 months a year, while I st...