I am working as software engineer at FAANG. I pay ~1.25L income tax per month. It pains me a lot. Since being general class male, I never got any benefit from but these govt is looting me. There are many small shopkeeper, landlords, farmers who earn more than me but none of them is paying tax but here I am paying such huge tax like loser. What should I do? Should I move abroad where even though I will still pay 30% tax but still I will have more money than being in India, or should I open a shop like of clothes, or chai?
Firstly stop cribbing you are not doing any charity, if you want to move no one is stopping you.
Countries at different stages of development will always have different challenges and living in any country will come with its own set of problems.
I completely understand the point, being a general engineering male myself but what can you do?
Moving abroad makes sense if you don't have assets in india and if you end up making equal or more money taking into account purchase power.
In india the middle class bears all the tax liability.
Poor people don't pay taxes, rich people don't pay taxes and don't even get me started on farmers....
But still lashing out on random people on the internet won't solve anything...
Abroad is better if you are ok with the non financial aspects.. especially the benefit that you get due to cheap labour in India
Dude, how old are you?😂😂
9
Hi everyone,
The year end is here. It was a great year for my FIRE journey and I thought I'll share an update with you all.
With few days left in 2023, I've crossed 2.65 CR in net worth after touching 2 CR in May this year.
Here's the...
By next year, my salary may be around 1.5 cr and would likely pay >35L tax.
My employer can hire me in any country on same salary. Can I move my employment to another country and still stay in India?
I have recently lost my job due to layoffs. I have paid over 80 lakhs as tax to government over my career of 5 years. Tax equivalence to a fucking house!
Now, i have 0 social security. What is the government giving me for all this tax?...
