Is Congress advocating for Inheritance tax in India? Sam Pitroda drops big hint in this interview

Talking about Prime Minister Narendra Modi’s “wealth distribution” remark, Chairman of Indian Overseas Congress, Sam Pitroda on April 24 explained that when Congress talks about redistributing wealth, it means new policies and new programs that are in the interest of the people and not in the interest of super-rich only. "...In America, there is an inheritance tax. If one has $100 million worth of wealth and when he dies he can only transfer probably 45% to his children, 55% is grabbed by the government. That's an interesting law. It says you in your generation, made wealth and you are leaving now, you must leave your wealth for the public, not all of it, half of it, which to me sounds fair. In India, you don't have that. If somebody is worth 10 billion and he dies, his children get 10 billion and the public gets nothing...So these are the kind of issues people will have to debate and discuss. I don't know what the conclusion would be at the end of the day but when we talk about redistributing wealth, we are talking about new policies and new programs that are in the interest of the people and not in the interest of super-rich only," said Sam Pitroda.

#Congress #sampitroda #inheritancetax #loksabhaelection2024

Join ANI's YouTube membership to get access to perks:

--------------------------------------
ANI is South Asia's leading Multimedia News Agency providing content for every information platform, including TV, Internet, broadband, newspapers, and mobiles.
Subscribe now! Enjoy and stay connected with us!!
☛ Copyrights © All Rights Reserved ANI Media Pvt Ltd.

[nanuu]

He is 2 nd star campaigner for BJP.first always rahul gandhi

[AKSHOThePalmist]

First ask Rahul Sonia Priyanka and Robert to return money which they looted. He is digging grave for Khangesss first family Gandhi ( Khan )

[bakkujad]

First give ur wealth u looted for years and distribute them then all will become rich and no poor in the country

[sheshankjoshi]

Day by day I am more and more forced to vote for BJP. More and more by the opposition. This is a real kill for democracy and not at all good for democracy at all.

[GNN]

This fellow had pulled the switch off Congress in 2014😂

[swapnilsrivastava]

Those who are rich have made wealth with their own capabilities. Who are you to redistribute it. First distribute whatever pappu and his family has made

[bharatmatakijai]

Congress motto 'What's mine is mine, what's yours is also mine'😂😂

[aksingh]

Did congress provide similar education and health system which US provides to their citizen, then why congress is comparing India with US to impose inheritance tax ?

[lokitbisht]

Ya vote for congress so that he can tax your inheritance and Abdul with 4 wives and 15 kids can enjoy free ration, haj subsidy, wajifas, scholarships . please work hard for abdul.

[shankarnarayanan]

Nonsense. Why you are sitting in America.

[subhasishpaul]

So, Sam Pitroda will give his Extra wealth to needy people. When??

[sumandhoundiyal]

Congress should first start with the Gandhi Vadra family and its chamchas and set an example.Why should one give up their hard earned money to someone else.

[vishalvaidya]

We should all thank Sam Pitroda for making it clear that voting for I.N.D.I alliance is the same as voting for disaster!! 😆😆😆😆

[atntaltd]

with 35% corporate tax + Income Tax + this shit
thank goodness they are not in power

[prietya]

Pitroda is a LIAR. There is no inheritance tax in USA. Only a handful of states impose that. There is however an Estate Tax on individual estates over US$13.6 million, which is US$27.2 million for a couple, So one has to be stinking rich to get to that limit. For people who that that much money, there are lots of loopholes in the law, where they can set up complex trusts, so that they still don't have to pay any estate taxes once they die, and leave the assets to their progeny for generations.

[oneworld]

What “particular group”? This guy is a joke.

[sudhanshudipankar]

There are some bjp agents in congress 😂😂😂

[LoseRBeast]

So my father bought a land by the money he earned and paid tax on paid land tax and all other tax and when it's my time to inherit the wealth then I lose almost half of And when my son inherit it he lose half of it and when my grandson inherits it he loses Everything....

[pkjain]

Wah ...Choro ne apna agenda batadiya he...Apni mehnat ka paisa ye log din dahade lootne vale he

[debarpanghosh]

His obsession with America!!! There is gun law in America too, yahaan India mein bhi guns de de sbko??? Mindless people still living in colonial mindset