Its interesting question i read somewhere. Governement tax the profit but dont pay on loss?
I believe its really a serious thing to discuss for some people!!!.
As per my stand on this:
Before asking the question we should think why government collects taxes?
Government collects taxes to Fund infrastructure, Education, Militory and to run government machinary. Now if someone ask tax was collected because i had profit, government should return the money because he have loss now. He should ask himself, have he stopped using government aided facilities because he has loss?
Ofcourse if you demand your tax money back, you should give back the benefits you had from utilising government aided services, facilities, and defence services.
Posted 3 years, 5 months ago by Stock Guru
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