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Equity in TAXATION & Comments on I.T &G.S.T

Hilights


Money, Finance & Taxation,Public Arena

Highlights

Understanding taxation – Tax to be equitable must be reasonable and applicable to all proportional to their consumption – concessions for the really poor call for differential slab rates for staple food products and for essentials- new ways of taxation only to enable the government to dole it all out as subsidies and thus attempt to buy votes, should be resisted – An all inclusive, comprehensive and easy to follow – ONE NATION. ONE TAX is the best way. The ONE TAX system can include a few practical slabs to make it equitable for ALL.

Quotations for Consideration

“Taxation is the price which civilized Communities pay for the opportunity of remaining civilized.” – Albert Bushnell Hart

“In general, the art of Government consists of taking as much money as possible from one party of citizens to give to the other.” – Voltaire.

“Public policy should not be designed to advance moral instincts that we all reject every day of our lives.” – Steven E. Landsburg

“A Government big enough to give you everything you want is strong enough to take everything you have.” – Thomas Jefferson.

“If you drive a car, I’ll tax the street. If you try to sit, I’ll tax your seat.

“If you get too cold, I’ll tax the heat. If you take a walk, I’ll tax your feet”. – George Harrison …on the attitude of a Tax man.

“Governments view of the economy… If it moves tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” – Ronald Reagan

“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself by the handle.” – Winston Churchill

“Government cannot make a man richer, but it can make him poorer.” – Ludwig Von Mises.

“What People want is fairness. They want all people paying their fair share of taxes.” – Barack Obama

“Collecting more taxes than is absolutely necessary is legalized robbery.” – Calvin Coolidge

“Any politician who starts shouting election – year demagoguery about the rich and poor should be asked ‘What about the other 90% of the people.” – Thomas Sowell.

“The power to Tax is the power to Destroy” – John Marshall

“Your moral judgments are valid only if they are divorced from self-interest. Is there a moral imperative to tax the rich and give to the poor? The motives of both the rich, who say no, and the poor, who say yes, are questionable … all moral codes (are) variations on a single theme, ‘don’t treat other people too badly’… charity is entirely a personal decision.” – Steven E. Landsburg

“The problem is not that people are taxed too little. the problem is that Government spends too much.” – Ronald Regan

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