Indian Tax System Broken

Americans are pretty conscientious about paying their taxes compared to some other countries.  How about the extreme tax-dodging that goes on in India?!  Many farmers and impoverished Indians are exempt from paying taxes.  But on the other end of the spectrum are the very wealthy (and there are many of them in India) who openly refuse to pay taxes.  The millionairs don’t feel they should have to pay because they cannot trust their corrupt government officials to spend the money appropriately.  They don’t want to bank roll their politicians and make them any richer.  Basically, few people have bought into the idea of paying taxes in India, and there is no shame in the dramatic underreporting of income.  Very interesting article here.

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