Friday, February 22, 2008

MBAs should be taxed at higher rates in the country (IIMB)

For:
* Understandably so in the areas of income and wealth taxes , given their propensity to earn higher through these routes.
Against:
* Taxation is a policy and policies are decided for the masses at large. In order to avoid any discrepancy and bias rates are fixed on income and not on the basis of profession.
* MBAs and other such professional people are taxed "professional tax". So charging them again a higher rate is not required.

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