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MBAs should be taxed at higher rates in our country. (IIMB)

Favour



  • Management professionals, Corporates and businessmen, are earning huge amount of money so; government should tax them based on their income.

  • As well as MBAs have better knowledge of tax system so they are saving more money through tax rebate.

  • Recently USA government brought higher taxes for rich population; such laws can bring more money to government.


Against



  • Taxation is a policy and policies are decided for masses at large. In order to avoid any discrepancy and bias rates are fixed on income and not on the basis of profession.

  • MBAs and other such professionals are paying "professional taxes". So charging them again a higher rate is not required.

  • Government should tax people based on their income.


Conclusion



  • Taxation should be based on income rather than profession.

Contributed by: Studyfreak

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Points added by members


Added by: Rishika



Point: Income tax as the name suggests should be taxed on the income earned. Going by the view that just because one has an MBA degree means s/he will be earning a lot of money is not a fact. There are still many students who have completed their MBAs and are still searching for a job or get meanial jobs so if they are put on a higher tax bracket due to their qualification, it will put undue pressure on them.



Date: 2014-02-24 22:30:08

Added by: gaurav bokade



Point: Tax should be levied on one according to one's salary, not according to his profession. In my life i saw many businessman making fake income certificate and getting out of tax bracket or paying low taxes even there annual income crossing 10 lac per annum.lets MBA's are being charged high taxes. But what about thos MBA's from local colleges who are going less paying job?. If Big brother is being charged younger should have come in bracket.



Date: 2012-06-30 09:34:32

Added by: akash mahajan



Point: MY point of view is that mba's should charge higher tax rate beacuse they have many of opportunity to earn money in short period



Date: 2012-05-27 09:17:34

Added by: suresh



Point: Point: firstly we should look at the point that not all MBA get a fat salary so one should consider average salary not absolute salary getting by only a chunk of whole MBA group.heigher tax rates for mbs will indirectly demotivate candidates to join such program and that will hamper the growth of country economy,so keeping in mind the larger picture of it should not be the criterion of higher tax rates.



Date: 2012-02-28 23:31:13

Added by: Sumesh



Point: Point is in Against : If this policy is accepted it would surely make a wrong impact on the MBA pursuers. Also it may lead to Tax Theft. They may pay tax properly leading to Corruption



Date: 2012-02-24 09:40:14

Added by: Sumesh



Point: Point is in Against : If this policy is accepted it would surely make a wrong impact on the MBA pursuers. Also it may lead to Tax Theft. They may pay tax properly leading to Corruption



Date: 2012-02-24 09:37:26

Added by: sonia



Point: Are u sure MBA are getting higher income there are many MBA,s still searching for the jobs therefore until or unless they are given job how come they ill pay........



Date: 2012-02-12 23:10:24

Added by: hbk



Point: firstly we should look at the point that not all MBA get a fat salary so one should consider average salary not absolute salary getting by only a chunk of whole MBA group.heigher tax rates for mbs will indirectly demotivate candidates to join such program and that will hamper the growth of country economy,so keeping in mind the larger picture of it should not be the criterion of higher tax rates.



Date: 2012-02-06 01:21:11

Added by: Debjani Dey



Point: If u are an elite from such an institute where govt has spent huge amt. to make u proficient enough in money making, then u should be tax !!



Date: 2011-11-17 12:39:27

Added by: ankit



Point: If a MBA pg is working for an NGO and earning a bit only to afford just his bread and butter, then i dont think so that he should be charged a big amount as tax... so taxation policy should be on the basis of income and not on profession....



Date: 2011-09-23 17:44:38

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