Home Business And Finance Man Says He Works 12 Hours A Day To Pay 50% of His Income As Tax, Sparks Online Debate
man says he works 12 hours a day for tax

Man Says He Works 12 Hours A Day To Pay 50% of His Income As Tax, Sparks Online Debate

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A society cannot function without taxes since they provide the funding for infrastructure and public services. Its importance comes from its capacity to pay for vital public services like healthcare, transportation, and public safety. These services are essential for social development and well-being. Nonetheless, a high tax burden may have unfavorable effects.

But when taxes become too burdensome, they may have a significant effect on people’s lives. It can stifle economic expansion by lowering disposable income, reducing personal savings, and reducing discretionary expenditure. High taxes may also impede employment creation and innovation, inhibit corporate expansion, and discourage entrepreneurship.

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A Flipkart employee claimed that 50% of his income goes to tax.

From time to time, many people share their displeasure with the amount of tax they pay. Recently, it was exemplified by a recent tweet from Sanchit Goyal, an employee at Flipkart. Goyal voiced his displeasure by emphasizing the substantial portion of his income that he was required to pay in taxes. Taking to Twitter, he wrote,

“Today I earned Rs 5000. I had to give 30% to the Government as tax. I thought of buying some caffeinated beverages from the remaining money & had to give 28% as tax. I realized I am working 12 hrs a day just to pay 50%+ of my income to the Government. #IncomeTax”

Sanchit Goyal Flipkart

Sanchit Goyal/linkedin

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Sanchit further wrote that the items he buys came with extra taxes, leaving him feeling overburdened

In another tweet he wrote,

Soon, his tweets went viral, and several Twitter users responded to his remark by echoing his comments and expressing their concerns regarding the distribution of tax funds. Other users voiced their displeasure at the alleged misuse of taxpayer money. They also alleged that a sizable amount is allocated to pay for wages, pensions, and pointless subsidies instead of infrastructure improvement.

Below are some of the reactions to his tweet

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These opinions reveal a rising dissatisfaction among taxpayers who are skeptical of the effectiveness and fairness of the tax code. The discussion extended to the realm of online gaming, as users drew attention to the recent imposition of a 28% tax on funds collected by gaming companies from customers. The absence of shared risk and reward emerged as a source of friction, adding to the unhappiness with the tax structure.

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