S1: Income inequality in less-developed countries is worse than most estimates. S6: The tax regime in these countries needs to be progressive and futuristic. P: There is a staggering level of difference between the income metrics and the actual income of the prosperous in such countries. Q: The effective tax rates are not really progressive with regard to income. R: They need to be reengineered to bring into the tax net the enormous sums of 'missing' income. S: They are even less so with regard to wealth.