Will Rahul Gandhi’s Minimum Income Fraud push Income Tax Rates to 70-80%?
In the year 1973–74, there were 11 income tax slabs with rates of 10 to 85%. The
top marginal rate
[https://www.indiatoday.in/business/budget/story/a-chronology-of-income-tax-since-1950s-67424-2010-02-15]
was effective 97.75%! Yes, some were paying as much as 98% tax rate. This was
to fund Indira Gandhi’s