Wednesday, January 24, 2007

Tax!!

They said that you must pay your tax with a smile!
I tried it... But then they said, they wanted cash!!

As a tax payer, I want to know if I have the right to know what was done with the money I paid to the government? I do not mean the general details - but ALL the details... Where is my money going?

All of us do some kind of recording of their expenses. Some do it in their minds, while others prefer writing it down. How much you earn, how much you spend -All this is tracked in our little "finance notebooks". And there goes one entry under the title "TAX".

Currently India is experiencing a software boom. Every person - left, right & centre - works in an IT company with a hefty pay. And with this hefty pay comes a hefty tax. What is happening to this huge tax that we all are paying?

We have economists who are talking about the "economic imbalance" that is being created because of the growing software industry in India. They are talking about things like "only the software professionals are getting richer, everything else remains where it is". This maybe somewhat true... But cant our great Economists come & tell us how we can do good with the money that is flowing from the global market into India?

I am ready to pay double the tax that I am paying today - If only I can be assured that the money I am paying is going to those needy poor people... I perfectly agree about the economic imbalance. So what can be the solution? Are we expected to step down, so that everyone is equal? Or can we pull up the ones below, so that we are equal? Definitely the second option is better... But how can it be implemented? By paying our tax into the pockets of those who promise to lead our nation? Wont the rich continue to become richer in such a case?!! :)