Every budget season, the middle class waits with hope. And every time, they get milked like helpless cows while the fat cats of crony capitalism get bailouts and tax breaks. If GST can run with just two rates, why is Income Tax still a circus of slabs, exemptions, and double taxation?
It’s time to call out the hypocrisy and demand a system that doesn’t treat honest taxpayers like punching bags. Here’s why:
1. Two Simple Rates, Not a Slab Circus
Forget the endless maze of slabs. Keep it 5% up to ₹10 lakh, 15% above that. Period. Easy, predictable, and no room for politicians to play dirty games with exemptions.
2. Scrap STT—It’s Daylight Robbery
Why should investors pay Securities Transaction Tax on every trade when they’re already investing post-tax money? It’s like paying GST on GST—pure looting dressed up as “revenue.”
3. End the capital Gains Scam
capital gains tax is legalized double taxation. The government wants a cut when you profit, but when you sink into losses, they wash their hands off. If that’s not theft, what is? At minimum: 10% short-term, 5% long-term. At best: scrap it entirely.
4. zero Exemptions = zero Excuses
Exemptions are just loopholes for the rich and connected. Scrap them. A flat system means everyone pays their fair share, no tricks, no manipulation, no VIP passes.
5. Trust the Citizen, Not Just the Crony
People don’t hate paying taxes. They hate being cheated. A clean two-rate system would show that the government actually respects its citizens—not just its billionaire buddies.
🔥 Bottom Line: The middle class is tired of being the government’s permanent ATM. If GST can be simplified, so can Income Tax. Stop the gimmicks, stop the loot, and stop milking us dry, Mr. Govt—because this cow has nothing left to give.
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