Archive for the ‘tax’ tag
I’m sure this is the question most tax payers have in mind over the proposed oil cess on income tax. Agreed that crude oil has touched $135 and the increase in the price needs to be passed on to consumers. But pass it on to the ‘consumer’, not the tax payer alone. Anyway, the price of petrol consists of heavy duties necessary for funding the government. Why can’t the duties be reduced? The budgeting would have been done keeping in mind an absolute number in mind. Now that the base has changed, why can’t the percentage of duty be reduced so as to maintain the same absolute number? Why is the government pretending to subsidize when the reality is that it gets greedy every time the base price changes (duties keep going up in the same proportion).
And, the big question is why can’t they just increase the price of the commodity for the consumer? Why burden the tax payer? Well I guess I know the answer – to appease the ‘poor’, majority voter! How long will we be penalized for creating wealth?
The IT City, aka Bangalore, still grapples with electricity and water. While there are scheduled power cuts for almost 18 hrs in a week (thanks to Bangalore Mirror for publishing) an equal number or more hours of cut are unscheduled. Well that’s a routine now and I guess I’m not cribbing yet! After all my apartment complex has a generator backup which lights up 1 tube-light and 1fan after “it’s dark” and I pay a hefty ‘maintenance fee’ for the little pleasure. And then I of course pay tax – direct and indirect, and yeah short term and long term and octroi and levies and this and that. So what if the total tax I pay is several times over the per capita income of the country. After all if I have the money I should manage everything on my own, besides paying tax of course!
The trigger of this rant is that there was no electricity and guess what, no water for two hours in the morning today. We do not get water from the government. We buy our water from private bodies who ‘supply’ water through their motorable tankers to our overhead water-tanks. Now this means that we need electricity to have water as well (electric motors pump up the water in the overhead tank)! Today there was no electricity. Nothing unusual. Typically the generator is switched on in such cases but today that conked off as well. So we were literally powerless and dry in Bangalore today for a couple of hours!
Wonder when we as a country will tackle such basic things in life!