After America ultimately raised the Tax Rate of its super rich person ( person earning > USD 4,00,000 per year & Household earning > 4,50,000 per year ) after almost two decaded Indian Economist has alaso started touching this point . Definitely debate will start about its merits in Indian context . Right now every one is paying @ 10%, 20% and maximum 30% . This has been touched by none other than the Key Economic advisor of Indian Prime Minister . There must be some background for such a statement from such a senior economist . Is the Govt thinking to tax at higher rate to super rich and leave the person earning low amount from Tax to make the coming Budget in March 13 more popular ?
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