While much of the discussion on this issue has focused on foreign portfolio investors, some of whom have been hit by this move, what has eluded attention is that the so-called ‘super-rich’ are also the primary contributors to the Indian state’s treasury. Despite a very low percentage of tax filers falling in the highest tax liability brackets, the lion’s share of direct tax revenues comes from a small pool of rich taxpayers, a Mint analysis of the tax returns data published by the income tax department shows.