In numerous countries, few people have exceptionally high salaries. These small number of people should be needed to pay a much excessive rate of income tax. I completely disagree with this opinion, as i believe that income tax should be minimal because people work hard for themselves and giving a big share of there income as a tax is not an acceptable option.
Ultimately, people how earn impressive amount also have to pay for there high living cost. There is no denying that, in many countries people pay high-end living charges to live, so if they will pay good portion of there salary as tax then they have to overlook there family and personal needs. For instance, despite of the living expenses people have other needs as well, like they have to fulfil there family demands, children school fee and also sometime due to taxes they forget to look over there own need.
Another contributing factor is the future saving of an individual. In todays world when every one focus on sustainable development, corporate people forget to imply this on there own life and forget to save for there future selves. For example, In the race of earning, paying tax and high cost of everything, people forget to save there money for better future.
To conclude, although some people argued that, In many developing countries, few people have extremely high salaries. These small number of people should be necessary to pay a much higher rate of income tax and i believe that income tax should be minimal because people work hard for themselves and giving a big share of there income as a tax is not a good option.