Consider the given statement and decide which of the following argument(s) is/are strong.
Statement: Should CBDT abolish income tax in India?
Argument 1: Yes, it is an unnecessary burden on the wage earners in India.
Argument 2: No,it is a good source of revenue for Indian Government.

Argument 2 Strong

Argument 2: No,it is a good source of revenue for Indian Government.

According to financial experts, income tax should not be abolished in India currently also because of the following reasons:

1. Low Tax to GDP Ratio: Since a very minuscule part of the population pays income tax, there is a pressing need to widen the tax base. Abolishing income tax would reduce the tax to GDP ratio even more.

2. Increase disparity: Abolishing income tax would make the rich more prosperous and reduce the amount available with the government to support welfare schemes and agricultural prices. This would result in further widening of the already very high income disparity.