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Only 2% of Indians Pay Income Tax — Here's Why That Matters Let’s break it down: • Total population: ~1.4 billion • Taxpayers: ~57 million (around 4%) • Actual income tax filers: ~28 million (~2% of the population) Why the gap? • Agriculture Exemption: 40%+ of the workforce is in agriculture, which is tax-exempt. • Low-Income Earners: 70% of Indians earn below the taxable income threshold. • Tax Evasion: Estimated 30–40% of potential taxpayers avoid filing. What’s the impact? • The middle class ends up bearing 70–80% of the nation’s income tax burden. • A limited tax base restricts funding for public infrastructure, healthcare, education, and welfare programs. • It slows long-term development and increases economic inequality. With rising demands on public spending, a broader tax net and effective reforms are critical for India’s growth trajectory. $BTC
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An XRP ETF dubbed XRPH11 began trading in Brazil today, making it the first such product in the world. The ETF, issued by Hashdex, is being traded on Brazil’s B3 stock exchange. XRPH11 is designed to track the Nasdaq XRP Reference Price Index and allocates at least 95% of its assets directly or indirectly to XRP. This includes a mix of spot XRP holdings, futures, and other crypto-related instruments. Although the exact trading volume hasn’t been publicly disclosed yet, XRPH11 is already active and listed on B3’s website. Brazil’s rapid approval and launch highlight a more crypto-friendly stance compared to the U.S., where regulatory hurdles continue to delay similar products. Notably, Brazil also made headlines last year by introducing the first Solana ETF.+ Double Tap ♥️ & share/tag a friend Also Don't forget to Follow
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