Raising income tax rate to 40% for those who earn over Rs 1 crore a year,re-introduction of wealth tax, effecting a one-time Covid-19 cess of 4% on taxable income of over Rs 10 lakh. 50 IRS officers submit recommendations to PM https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤦‍♂️" title="Man facepalming" aria-label="Emoji: Man facepalming">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤦‍♂️" title="Man facepalming" aria-label="Emoji: Man facepalming"> #ULRB https://theprint.in/economy/covid-19-cess-40-tax-for-rich-irs-officers-offer-economy-revival-tips-to-modi-govt/409108/">https://theprint.in/economy/c...

Modi: Dont fire employees or cut wages
People: we will do our best
Modi: contribute to PMCARE
People: Done
Modi: Take care of needy
People : Doing it

IRS: Modiji, raise taxes on these people

This might be a trial balloon to get people’s reaction. It will be denied & called fake news & that there is no such submission.

But it gives an insight into their thinking. We need bold reforms to revive the economy. Increasing taxes, is not that https://twitter.com/yusufdfi/status/1254079828086550528?s=21">https://twitter.com/yusufdfi/... https://twitter.com/yusufdfi/status/1254079828086550528">https://twitter.com/yusufdfi/...