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Congress general secretary Jairam Ramesh said an analysis of the publicly available data on income tax returns for the period 2013-14 to 2021-22 confirms one of the essential themes of the Bharat Jodo Yatra — that of increasing income inequality.
”The widening gap between the ultra-rich and the middle class under the Modi government is more and more apparent,” he said in a post on X.
”Here’s the proof: The top 1 percent of income tax payers made 17 percent of all income in 2013-14. By 2021-22, the top 1 percent made 23 percent of all income.
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Ramesh said after adjusting for inflation, the lowest 25 percent tax-payers actually took home less real income in 2022 than in 2019.
”Gross income of the lowest 25 percent fell by 11 percent, from Rs 3.8 lakh crore in FY19 to Rs 3.4 lakh crore in FY22. Meanwhile, the real income of the top 1 percent jumped 30 percent from Rs 7.9 lakh crore in FY19 to Rs 10.2 lakh crore in FY22.
”Figures don’t lie. Only the Prime Minister does,” he alleged.
The Congress has been alleging that income disparity between the rich and the poor has been growing in the last few years.