What percentage of Your savings is Black?

India
September 16, 2011 3:48am CST
Be honest.No one is perfect.There is a great crusade going on in India led by Anna Hazare against corruption and black money.Millions are supporting him.Anna Hazare is a rare gem.His past has not one black spot.But can the same be said of his supporters? We all must have at one point or the other in our life indulged in an act which goes against the principle of ethics and morality.I bet not many,if any must have been 100% honest in paying his/her taxes.How much have you siphoned off?
1 person likes this
5 responses
@naseemkum (1804)
• India
16 Sep 11
Still i dont had black money because i believe if someone had huge amount of money. They had something as black money. But i never think of earning huge money i need a money which used to survive me and im ready to pay the tax if i had excess amount limit.
1 person likes this
• India
16 Sep 11
A very good thought. I like it. Every men should be like that. Atleast the ministers.
• India
17 Sep 11
Rare to think like you these days. People are running mad after money. They just want money and dont care how they earn.But to lead a comfortable like we do need some money and that is not a sin.
@WakeUpKitty (8707)
• Netherlands
16 Sep 11
I don't know how it works in your country if it comes to paying tax. If I buy something a part of it is tax. I get an income every month and the government knows how much since they have my personal security number. The tax is already taken away from the money I get. It is possible (but not always or for everyone) to ask some tax back if the years has ended. But for this are rules too. So not paying my tax is out of the question for me. I am not rich, I down own properties, I don't have a company or people work for me. I try to save partly on the bank (which is useless because I don't get any extra money out of that which was the case years ago) and I do the same for my kids. The cash I have in my house if for shopping etc so it can hardly be called saving money or black money. Which it is not. You can only have black money/savings if you never payed tax over it. Since I have no job like that (working black) that is out of the question too. I assume everyone does have a black spot but the question is: what do you call a black spot? Is that the same as what I call a black spot? I hear and read about so many black spots of famous people and I don't think they are black spots at all. Since you asked me it would be fair if you tell me how much black money you have saved and how you make that black money!
1 person likes this
• India
17 Sep 11
So your throwing the ball back into my court? To be frank i am bankrupt now. Since the past 6 years by business is on taters.I am living on mere substance -hand to mouth.yes its not possible to be 100% honest when it comes to paying taxes.As regards people who work for salary,taxes are deducted at source. So no question of black money. Its mostly business people who are guilty of dis honestly earning money
• United States
16 Sep 11
I really don't know what you mean by black money. I am thinking you are talking about 'under the table' money.. money earned that you don't pay taxes on... well here, when we earn $600 we get a 1099 form, and that goes to the IRS. If you are in business for yourself you pay self-employment taxes.. I pay them every year.
• India
17 Sep 11
Money on which no taxes are paid is considered black.yes most money taken under the table are black because you cant show accounts and source of how you earned.Most salaried people pay their taxes by default because taxes are deducted at source
• India
16 Sep 11
Right now i am only 18 years old. So i earn a very little amount from online writings.And not a single percent of that is black. Hope you know , it can't be in my case. And i totally agree with you. 99% of indians are having black money for sure.
• India
17 Sep 11
You are still very young . So there is still time for you to earn and hoard if you wish.But with your meager earnings there is no chance of paying any taxes
@iuliuxd (4453)
• Romania
16 Sep 11
I think everyone should keep for himself as much as he can .If you pay all your taxes someone else will steal them anyway. Don`t get so excited, i don`t think you can find too many honest people today and many times those who claim honesty are the biggest thieves
• India
17 Sep 11
Yes it almost impossible to find someone who is honest these days. Who would want to pay all his hard earned money by way of taxes? its human nature to hoard