Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Russia is eyeing big tax hikes after this month's election to pay for the war in Ukraine
Business Insider ^ | 3/11/2024 | Yuheng Zhan

Posted on 03/15/2024 7:17:44 AM PDT by marcusmaximus

Vladimir Putin could raise taxes after the presidential election this month to keep the money flowing to pay for the country's war in Ukraine.

Bloomberg reported on Monday that the Kremlin is considering dipping into the pockets of high-earning Russians and corporations, as the government plans to hike taxes by as much as 4 trillion rubles ($44 billion). Sources said that the hikes could be finalized this summer.

Under the plan, the government would raise personal income tax from 15% to 20% for those earning over 5 million rubles (roughly $55k USD) and from 13% to 15% for those making over 1 million rubles (roughly $11k USD) annually. Officials are also considering bumping up the corporate tax rate to 25% from the current 20%, according to Russia's "Important Stories" news site.

Putin delivered a message to Russian lawmakers on February 29 that he wanted a fairer tax distribution, targeting higher personal and corporate incomes.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Chit/Chat
KEYWORDS: avdiivkakadabra; ciapropaganda; dailypropaganda; dailysorospropaganda; diccusminimus; dopamineaddict; eggszactly; eggwillgesture; globalistpropaganda; globohomo; gluteusmaximus; howsavdiivkadoing; killkillkillforpeace; lesspropagandaplease; marcgetshistrollback; newtrollformarcus; russia; taxes; theputin; therussia; unhealthyobsession; whocares; yuhengzhan; zeepercreepers; zeepermaximus
Navigation: use the links below to view more comments.
first previous 1-2021-37 last
To: marcusmaximus

I do not care about that low tax bracket, but in MY tax bracket (6 figures), I will be paying a lot less in Russia.


21 posted on 03/15/2024 7:59:02 AM PDT by Bobbyvotes (I will be voting for Trump/whoever in November. If he loses in 2024, country is finished.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: bimboeruption

Zeepers are all of what you said.


22 posted on 03/15/2024 7:59:48 AM PDT by Bobbyvotes (I will be voting for Trump/whoever in November. If he loses in 2024, country is finished.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Bobbyvotes

Would you have an indoor toilet if you moved to Russia, too?


23 posted on 03/15/2024 8:02:50 AM PDT by marcusmaximus
[ Post Reply | Private Reply | To 21 | View Replies]

To: marcusmaximus
Remember how much better everything was before Putin got special with Ukraine?

Most things were good and life was getting better on both sides of their border until Vlad Putin turned it all into one big killing field.

The only win now is for Putin to lose and take his war back home and that loss is coming, too, at 500-900+ Russian casualties a day.

The average Russian must be wondering why … “why are we Russians invading and killing our neighbors when the neighbors weren’t bothering us at all. They were our family and friends and now we are doing this to them? Wtf, over?”

24 posted on 03/15/2024 8:08:19 AM PDT by GBA (Endeavor to persevere. Onward through the fog …)
[ Post Reply | Private Reply | To 1 | View Replies]

To: marcusmaximus
Never mind that Russia implemented a flat-tax rate that conservative think tanks can only dream of passing (a 13% flat-tax rate). Or that the highest tax rates will still be lower, by far, than our highest tax rate. Or that Biden is pushing to dramatically increase corporate tax rates.

What about the fact that Americans that love their country care more about our problems than whatever is going on in Russia don't you understand?

25 posted on 03/15/2024 8:20:39 AM PDT by Kazan
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kazan

What is the USA income tax rate on someone making $11k a year?


26 posted on 03/15/2024 8:23:06 AM PDT by marcusmaximus
[ Post Reply | Private Reply | To 25 | View Replies]

To: marcusmaximus

https://citizenwatchreport.com/us-manufacturing-index-plunges-to-20-9-layoffs-soar-bitcoin-trading-surges-amidst-economic-turmoil/#google_vignette

“ The latest data from the U.S. NY Empire State Manufacturing Index paints a grim picture, with March’s figures plummeting to -20.9, indicating a rapid decline in the sector. Every indicator spells trouble: new orders dwindle, inventories shrink, employment drops, and optimism wanes, signaling broader economic distress…..”

Perhaps you should take note of the latest US economic figures…..yes, Russia gets stronger every day- while the US is getting closer to the “ brink” every day.

Like it or not- the US debt to GDP is 120 percent and increasing exponentially….the Russian Federation debt to GDP at 17 percent.
It doesn’t take a genius to see where this goes.


27 posted on 03/15/2024 8:26:05 AM PDT by delta7
[ Post Reply | Private Reply | To 16 | View Replies]

To: marcusmaximus

Again, who’s going to pay for that third of trillion bonfire you want to keep stoking?

Speaking of income, the Russians total subsidy for social programs is estimated to be $12 billion in ‘24. From Statista

“The volume of social benefits paid to the Russian population from the federal budget of the country was estimated to steadily grow over the coming years, increasing by over 2.8 times between 2020 and 2024. Out of nearly 1.1 trillion ($12 billion) Russian rubles allocated for welfare payments in 2024, 330 billion Russian rubles were estimated for maternal capital financing.”

In ‘23 the U.S. spent $1.4 T on Social Security, $1.5 T on Medicare and Medicaid and $1.2 T on welfare

What’s the average U.S. family income minus all those financed handouts and the money we retirees invested in Social Security and Medicare, which was promptly burnt on the bonfires of trillions wasted on the last globalist/neocon misadventures in Iraq and Afghanistan, and now must be borrowed?


28 posted on 03/15/2024 8:29:57 AM PDT by hardspunned (Former DC GOP globalist stooge)
[ Post Reply | Private Reply | To 13 | View Replies]

To: marcusmaximus

>Continuing to demilitarize Russia with less than 5% of our defense budget is the bargain of the century.<

A bargain for your globohomo hero Zelensky and The Big Guy, that’s who, certainly not the taxpayers of this country.

What part of “WE’RE BROKE” don’t zeepers understand?


29 posted on 03/15/2024 8:38:22 AM PDT by bimboeruption (“Less propaganda would be appreciated.” JimRob 12-2-2023)
[ Post Reply | Private Reply | To 20 | View Replies]

To: delta7

Good, move there then.


30 posted on 03/15/2024 8:42:13 AM PDT by cowboyusa (AT THIS POINT, I'M WARMING TO AN AMERICAN PINOCHETE. )
[ Post Reply | Private Reply | To 14 | View Replies]

To: bimboeruption

A drop in the bucket to demilitarize Russia. And most of the money stays home anyway and supports well-paying US defense modernization jobs in almost all of our states.


31 posted on 03/15/2024 8:44:35 AM PDT by marcusmaximus
[ Post Reply | Private Reply | To 29 | View Replies]

To: marcusmaximus

>A drop in the bucket to demilitarize Russia. And most of the money stays home anyway and supports well-paying US defense modernization jobs in almost all of our states.<

When I go to the grocery store and see how much it costs to feed my family thanks to the Biden Regime’s policies, I couldn’t care less about “demilitarizing” RuZZZZZZZZZia.

If the RuZZZZZZZian economy is as bad as you claim, I don’t have to worry about RuZZZZZZZZia’s military.


32 posted on 03/15/2024 8:54:56 AM PDT by bimboeruption (“Less propaganda would be appreciated.” JimRob 12-2-2023)
[ Post Reply | Private Reply | To 31 | View Replies]

To: marcusmaximus

Must be a Democrat.


33 posted on 03/15/2024 9:13:25 AM PDT by Petrosius
[ Post Reply | Private Reply | To 1 | View Replies]

To: marcusmaximus

I read report by Tucker from his visit to Russia. He claims Russian cities are 1000% safer than big cities in USA. I grew up using outdoor toilets in out-houses. Safety of my life is much more paramount than indoor toilet. I feel safe in my small town, but I avoid visiting Chicago where I spent most of my life.


34 posted on 03/15/2024 9:26:04 AM PDT by Bobbyvotes (I will be voting for Trump/whoever in November. If he loses in 2024, country is finished.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: aMorePerfectUnion
OK. So let me get this straight.

RUSSIA: Is paying for their own war, and because it's expensive they are raising taxes on their citizens to cover the cost.

UKRAINE: Has no economy or money and is begging for everyone else to pay for their war. The US Democrats, RINOs and NeoCons have so far agreed to do so. At a time the country is already running huge budget deficits, resulting in the highest inflation rates in 40 years. Americans are getting poorer to pay for Ukraine's war:

A List of American Taxpayer Funds sent to Ukraine since the start of the Russian-Ukrainian Conflict:

One of these I care about, the other really isn't my concern. Can you Zeepers figure out which one normal Americans are concerned about?

Bonus Questions for Zeepers:


35 posted on 03/15/2024 9:46:13 AM PDT by Vlad0
[ Post Reply | Private Reply | To 2 | View Replies]

To: marcusmaximus

More propaganda.


36 posted on 03/15/2024 9:52:50 AM PDT by McGruff (Don't underestimate Joe's ability to f*** things up - Barack Obama)
[ Post Reply | Private Reply | To 1 | View Replies]

To: delta7
"Laugh away- but who is better off? I had many discussions with the Ivan’s I trained while in Moscow. US citizen: House mortgaged for 30 years, two car payments for four years, boat payments for five years, huge health insurance payments, massive Credit card debt, Federal, State, Local taxes…… OR…… Russian citizen: Apartment/ home paid for, car paid for, a nice Dacha in the country paid for, free / low cost medical plans with doctors that still do house calls, extremely low food costs, a flat 15 percent tax which the employer deducts, government pension paid out after 20-25 years of work……."


37 posted on 03/15/2024 11:16:46 AM PDT by Grzegorz 246
[ Post Reply | Private Reply | To 14 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-37 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson