Tuesday, December 27, 2022

Charity vs Spending; where Government get bigger tax

Sheila donated Rs.5,000 to PM/CM Relief Fund.

On the other hand, Paandu bought two bottles whisky bottle worth Rs 5,000/-

The #Question is who contributed more to the #growth of our country ?

01. On the Rs 5000 Sheila donated, she got a 30% #tax_rebate. Therefore, she actually landed up earning back Rs 1,500/-, In other words, by donating Rs 5,000 she made a #net contribution of just Rs 3,500/- to the country. 

02. On Alcohol, the total taxes (excise and GST) added up to approximately 72% of the MRP. So when Paandu paid Rs 5000,/-, Rs 3600/- went to the state exchequer... Against 3500 rs from Sheila

...and 48 pegs from two 750 ml whisky bottle 🍷🍷. And the chakna , peanuts, soda and other bites he consumed worth Rs 5000 along with whisky contributed about 1000 Rs more to government. That makes it 4600 vs 3500.

Therefore, not only did Paandu contribute more, he created jobs at the Distillery, their suppliers of labels, bottles, caps, machinery , farms , Snack companies, jobs at the Marketing Company, jobs at the Wine Shop , Retail shops selling chakna, snacks and moreover he was in high spirits doing so, 

.... while Sheila doesn't even know where her money went !!

Think of it... 

Next time, think before ‘you’ serve your Nation !!!

Be a responsible citizen!!  

In #economic_terms this is called #Velocity of Money. The faster you consume 🍸🍹πŸ₯‚ the more is produced. 

#Labour get employment. #Manufacturer produces products. Consumer enjoys 🍺🍻πŸ₯‚πŸ₯ƒπŸΈπŸΉπŸΎ. 

#Economy grows and Markets rockets. And it is Happy New Year every day. Cheers!! 

The next time you keep the ₹ 50/- back in your pocket, you are a liability to the economy. Tip the waiter, your hairdresser or your petrol pump attendant and keep rotating Economy πŸ˜‚πŸ˜‚πŸ˜‚πŸ“ˆπŸ“ˆ

Disclaimer : This is purely a knowledge sharing article, not offering or influencing any deal or transaction or investments.

CA Yogesh Birla
Director
Birla WP Management Co.
read my blogs : www.YogeshBirlaCA.Blogspot.com


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