Rahul Mehta Gandhinagar LsCandidate
#WealthTax : Pls tweet @PmoIndia to print #WealthTax law
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I have sent following tweet to @PmoIndia
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@PmoIndia print #WealthTax law at newindia.in/WealthTax sh1= 1e44aa1f17c5139330e8cf62e29f5eddcbb12122 to reduce land prices, create jobs
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tweetlink = https://twitter.com/MehtaRahulC/status/927186833380904962
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(old tweet = " @PmoIndia print #WealthTax law at mygov.in/comment/101416021 sh1= #1e44aa1f17c5139330e8cf62e29f5eddcbb12122 to reduce land prices, create jobs "
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Link to old tweet = twitter.com/MehtaRahulC/status/876604767061114880 )
Wealth Tax I have proposed is NOT just 1% tax on land / plot etc one has. There is per family deduction of about 1500 sqft, urban land, 3000 sqft of urban construction and some 5 acres of agricultural land per FAMILY. And in addition, about 5% to 15% of salaries that employer pays to employee is subtracted and income tax and all taxes he has paid are also subtracted..
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So THIS proposed Wealth Tax law will fall mainly on those who have miles and miles of unused expensive urban land.
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This law will force them to rent or sell the land. So land prices will reduce. And industries will increase, unemployment will decrease.
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I have uploaded the FULL law-draft on PM's website at newindia.in/WealthTax .You may download it. A summary of the law is in the first comment of this law.
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So if you support this "wealth tax MINUS income tax paid MINUS other credits" law, then pls take 4 steps (a) pls copy-paste not retweet above tweet to @PmoIndia . (b) vote at newindia.in/WealthTax (c) pls create an album called as "Law Drafts I support" in your FB profile, (d) pls share the link to the tweet you have sent on your FB profile in that album.