What if India has 0% Income Tax? | Dhruv Rathee

The abolition of Income tax is an idea which appeals to a lot of Indians. It may not be as unrealistic as it sounds since BJP’s own Subramaniam Swamy is an active proponent of this. This is also a reality in many countries across the world. As many as 23 countries like UAE, Bermuda, Panama, Monaco don’t have a personal income tax in their countries. Some don’t even have corporate tax. How do these countries manage to earn revenue? What are the sources of income for their governments? I explain this hypothetical scenario and how India could potentially make zero income tax.

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0:00 Introduction
1:17 Direct Taxes vs Indirect Taxes
4:50 Advantages of Zero Income Tax
8:14 Disadvantages of Zero Income Tax
9:06 Case Study: UAE
10:23 Case Study: Monaco
11:08 Case Study: Bermuda
12:20 New Sources of Income?

[dhruvrathee]

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If you enjoyed this What if.. episode, feel free to give more suggestions on future topics :)

[ravishkumarshorts]

I'm ready to give more tax, but I don't want my money to be wasted on netas and corrupt system. I want some Strick rule on corruption then I will be convinced to give tax for the benifit of my Bharat

[vamsikrishna]

When you are paying 25% income tax, you are working 3 months of every year for govt of India. Now vote with this perspective.

[rahulkharyal]

Tax:
1. On political party funding
2. On politician trading amongst each other
3. On Swiss bank wire transfers from India

[Unavailableayush]

we want you continue what-if series, it's really very fascinating to get the answer which used to think but then we ignore that question.

[-the-great-]

Dhruv : "Govt. Can remove income tax and propose Inheritance tax"

Govt: "Yeah, let's propose Inheritance tax along with income tax"

[Ajooba]

One politician told me that
RICH CLASS enjoy and run political parties.
MIDDLE CLASS feed poor & infrastructure
LOWER CLASS just for vote.

[ashishvats]

Then CA students don't need to read such a vast syllabus of Inc Tax😅

[ParamjitKaur-uqwj]

Dhruv Rathee you are a innocent loyal and desh bhakht. You are speaking very nicely and speaking thruth. God bless you.

[paramsingh]

I paid ~1 lac every month as income tax while working in India on my salary. Felt so exploited considering the miserable infrastructure and roads in Bangalore.

[rajarshighosh]

Bottomline is that in a highly corrupt country, it's always the honest man who suffers.

[antrmrj]

I stopped paying income tax from my company fired me during Covid lockdown and no company hires me as I am 52 years old. And I don't get any social security despite having paid income tax for past 28 years

[irfanjamadar]

Great explanation Dhuru, brave reporter.... hat's off

[Ritik_Nandan]

I never expected that economics could be so interesting! In my school, economics was just a thin-sized book that we only used read when our exams were near.
Thank you so much Dhruv for always making videos like these.

[abhaysingh-hgro]

salaried person giving maximum taxes. First from salary then in form of gst on all purchases.Its hurt when half hard earned money gone like this

[Anosh_Lawrence]

Around 1% of income tax payers and their collection is 1/4 of govt’s Revenue 🤔🤔 intresting.

[swikriti_p]

This video makes difficult ideas easy to understand, like having a patient teacher.❤

[DharmeshDaula]

Finally someone is taking this serious..income tax is tax harrassment for the salaried people. I am in favour of abolishing incometax. As i dont have any benefits of my own for paying tax, for ex, during covid times, people lost their lives and savings to corporates and hospitals. Paying taxes didnt help. Abolishing income tax would make me spend more and save for a better future

[ravishkumarshorts]

Ambani, Adani, MLA, MP, Minister, Govt employee pe kabhi Income tax ki raid kyu nahi hoti, Sirf chote bussinessman aur chote newschannal pe kyu hoti hai.

[ramsingh-pniw]

First thing that comes into my mind when I think of Zero Income Tax is that there would be no Income Tax Department and many of my friends working in IT Dept would be accommodated in other CG departments.