In many countries, a small number of people have extremely high annual income so these people should be required to pay a much higher rate of income tax. This essay will explore why I agree this statement and give my opinion.
First, nowadays people who earn more income should be required to pay a much higher rate of income tax because there tax convert in to people wealth fare. Example; cities and villages area. In city sides government created a lot of development but in villages are no development because of low income tax.
Second, the benefits of these people pay higher rate of income tax government able to introduce a new project, and focus on the development. These benefits people have economically staple, and proper education. Moreover people can be most opportunities to work with MNC. So these help to Borden one’s horizons. On the one hand there are some drawback because the goverment only focus in cities area not a village sides. For reason; overall higher amount of tax come in city sides, and here only so much of wealthy people there. so the government only focus to development that particular areas whether other area get poor compared between past and now. Example; in cities side the government provide proper education, Road, school, water, electricity and hospital but in village sides people are waiting to get a basic needs. example ; toilet, water.
In my opinion, the goverment not only work for elite people or who should be paid more tax. Whereas the government focus to improve all areas. Then only country will developed and people can lives happily.