Reported income decreases with increasing wealth, Ram Singh's study shows, suggesting wealthiest families under-report incomes by indulging in tax evasion or avoidance tactics.
The LocalCircles survey found that most of the respondents cited 'extreme weather conditions' as the main reason for being unable to file their income tax returns.
An NYT report Sunday revealed that US President Donald Trump paid only $750 as income tax in 2016 and 2017, and nothing in 10 out of the last 15 years.
In 2022, athletes claimed they were asked to wind up training early at Thyagraj Stadium so that the IAS couple could walk their dog. Then came the memes and public outrage.
Instead of buying more Mirages outright in early 2000s, the requirement was tweaked in favour of a medium-weight, multi-role fighter with Mirage-like performance.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
Just for knowledge sake asking if the statistics considered the outliers before deriving the insight that the Indian politician is more truthful? Like for instance there could be one wealthy businessman politician who reports IT properly and N less wealthier under-reporting politician. So considering the wealthier person, might skew the consolidated income and reporting stats.
Just for knowledge sake asking if the statistics considered the outliers before deriving the insight that the Indian politician is more truthful? Like for instance there could be one wealthy businessman politician who reports IT properly and N less wealthier under-reporting politician. So considering the wealthier person, might skew the consolidated income and reporting stats.