All the bs about "marginal rate" and yet people will find ways. If you force companies to deduct and pay taxes and then remit balance to the shareholder, the taxes collection will happen.
Also, increase capital gains tax.
In India its 15 or 20%, short or long term which is too little. Make it 30%
>then capital will be funneled into real estate as soon as possible. See real estate markets in Ireland, Canada, UK which have high both capital gains and dividend taxes. The rich will trivially evade these two taxes anyway.
i dont get this. i am saying increase taxes on capital gains, that includes gains made from sale of real estate. let people hoard as much cash in a house, when they have to "sell", that is when capital gains get triggered on the profit. higher profit means higher taxes.
what problem are you talking about these countries?
also, how can rich evade divident and capital gains? i genuinely want to know
> what problem are you talking about these countries?
Check real estate prices in Toronto, Dublin, or London.
> how can rich evade divident and capital gains?
Charities, trusts, family foundations, own army of lawyers and accountants.