In this video, we dive deep into Individual Income Tax, the burden of income tax on the middle class, and explore why only a small percentage of the population pays taxes. I break down the current income tax slabs and discuss why the tax contribution from individuals is relatively low. To give you a broader perspective, we compare this with the U.S. budget, where individual taxes form a significant portion of the government’s revenue. Understanding these differences can help you see the bigger picture of how tax policies impact the economy and your finances. Whether you’re curious about how your taxes fit into the national budget or want to learn about global tax systems, this video is for you!
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