17th November 2017

I hate paying income taxes!

Yes I do and I have a said it aloud. And you would too if you were made to pay hard earned money for nothing-absolutely nothing! When I found out that a friend was paying Rs.30,000 in taxes every month, it was painful-for me. Had I been living in Canada, I wouldn’t have grumbled so much for I could see the returns-education, health, security. However, in our beloved country, I see it in the form of pounds accumulating on the bodies of much-hated politicians. It pains us so and the reason many of us try to evade it is the simple logic-it doesn’t do anything for us.
Furthermore, in a country like ours where poverty and illiteracy is a permanent curse, we have a progressive tax system. The more you earn, the bigger responsibility you shoulder-the responsibility of fattening our politicians’ pockets. As shared by a friend, following is the tax rate system of Islamic Republic of Pakistan:
Taxable income                                                                                                                Tax Rate
 Where taxable income is below Rs. 200,000                                                        0%
Where the taxable income is between Rs. 200,000 – Rs. 250,000                 0.50%
Where the taxable income is between Rs. 250,000 – Rs. 350,000                 0.75%
Where the taxable income is between Rs. 350,000 – Rs. 400,000                 1.50%
Where the taxable income is between Rs. 400,000 – Rs. 450,000                 2.50%
Where the taxable income is between Rs. 450,000 – Rs. 550,000                 3.50%
Where the taxable income is between Rs. 550,000 – Rs. 650,000                 4.50%
Where the taxable income is between Rs. 650,000 – Rs. 750,000                 6.00%
Where the taxable income is between Rs. 750,000 – Rs. 900,000                 7.50%
Where the taxable income is between Rs. 900,000 – Rs. 1,050,000             9.00%
 Where the taxable income is between Rs. 1,050,000 – Rs. 1,200,000         10.00%
Where the taxable income is between Rs. 1,200,000 – Rs. 1,450,000          11.00%
Where the taxable income is between Rs. 1,450,000 – Rs. 1,700,000          12.50%
Where the taxable income is between Rs. 1,700,000 – Rs. 1,950,000          14.00%
Where the taxable income is between Rs. 1,950,000 – Rs. 2,250,000          15.00%
Where the taxable income is between Rs. 2,250,000 – Rs. 2,850,000          16.00%
Where the taxable income is between Rs. 2,850,000 – Rs. 3,550,000          17.50%
Where the taxable income is between Rs. 3,550,000 – Rs. 4,550,000          18.50%
Where the taxable income is between Rs. 4,550,000 – Rs. 8,650,000          19.00%
Where the taxable income is more than Rs. 8,650,000                                     20.00%
It is just not done. Either the respective government should justify the tax revenues or…Well, being an employed person I cannot really evade taxes but the day I become self-employed, I will not pay a penny come hell or high water unless I see it benefitting someone-not necessarily me but any one!

About Shaheen 1027 Articles

Need coffee, romance, fashion and manicure to survive.
KHI – DXB – CGN

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