Posted on 05/29/2024 10:25:39 AM PDT by marcusmaximus
Russia has announced plans to raise taxes on businesses and the wealthy as it scrambles for additional revenue to fund its invasion of Ukraine.
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“The changes are aimed at building a fair and balanced tax system,” Minister of Finance Anton Siluanov said in a statement, adding that the extra funds would bolster Russia’s “economic wellbeing”.
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Income tax is currently 13 percent for the majority of Russians, with some higher earners paying a rate of 15 percent.
The Finance Ministry said under the amendments that the 15 percent rate would apply for annual incomes between 2.4 and 5 million roubles ($27,000-56,000), with three higher bands – of 18 percent, 20 percent and 22 percent – further up the income ladder. The top rate would apply to earnings exceeding 50 million roubles ($560,000).
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The corporate tax, meanwhile, will rise to 25 percent from 20 percent, adding 1.6 trillion roubles ($18b) to the budget in 2025 and 11.1 trillion roubles ($125.3bn) by 2030, according to Interfax.
The ministry said corporate tax rates could increase because the share of profitable companies in the economy was growing.
(Excerpt) Read more at aljazeera.com ...
ZEEPER FOLLIES PINGLIST!(((PING!)))
From “Putin flat tax stronk!” to “The changes are aimed at building a fair and balanced tax system”.
Lol!
What a coincidence my taxes are going up as well. Hmmmmm must be something going on somewhere.
High taxes on small incomes still yields very low tax revenue.
Russians, in general, don’t have high incomes, and most just make enough to survive. The Russian economy is very weak and now under war circumstances, that economy is even lower.
But, it works the same way as in America,where if people earn less, the government has to raise taxes in order to keep tax revenue from falling too much.
Yes, we’re going to need at least three more threads on this subject by close of business today, just to make quota.
Better get right on that, maltedmilkimus. Stat!
With stiffened resolve, mistymalachite will get ‘er done.
The Iran should flood The Russia with egg drones, concentrating on The Crimea.
At CHP-5, a plant in Kharkov that generates electricity and heat, the acrid stench of smoke still hangs in the air. Its damaged generator and turbine must be replaced, according to plant manager Oleksandr Minkovich.
Spare parts for the Soviet-era plant can only be sourced from Russia, and full restoration would likely take years, he said. But Minkovitch hopes the Ukraine’s Western partners will provide modern technology to decentralize power in time for winter [2026].
Am I to assume the first was a lie, and the second post should be taken as true? Or do both really belong in the propaganda category as neither are known to be true, but are speculation to incite anti-Putin fever?
I could care less what Putin does to the rich in Russia, which in turn would affect him as well.
Russia soak the rich tax hikes stronk as bull!
Since stronk is slang for strong, should I just assume that you are admitting both posts lean heavily towards being BS & that you are posting only because you are nothing but a disruptor who is trying whip up anti-Russian/Putin sentiment, because perhaps you are even a Russian supporter?
If that is correct, then bless your honesty, finally.
But curious minds want to know:
Where has your boink gone to bouiker?
I guess you assume that your new response; Three days to Kharkiv, is an even more clever retort than boink was that preceded it?
If that is the case, both are stronk marcusmaximus fails bro!!!!!!!!!!🤣🤣🤣🤣🤣
ZZZZZZZZZZZZZZZZZZZZZZZ
Russia launched plans to sharply raise taxes on high earners and companies to fill state coffers and fund what it sees as a long war in Ukraine.
Actually, as Ukrainian lines continue to collapse and the war draws to a close, Russia must raise funds for the victory celebration.
“Putin is a Communist. What do you expect?”
The planned individual and corporate tax rates for Russia are well below most Western countries.
Let us know when taxes in the West are cut to “Communist” Putin levels.
Yo mucus!
You beat the heck out of Russian egg prices, Russian floods, frigid Russian winters, Tucker Carlson’s interview with Putin, Putin’s imminent death, Putin’s love life, etc.
Now your hot topic is the Russian tax rate?
Question: Why aren’t you in an uproar over what’s happening in America?
Answer: Because you’re a warmongering globalist who wants to see this Free Republic destroyed.
People like you called President Reagan a warmonger back in the day.
Zeeper front line soft. Unable to rise to the occasion and offer stiff resistance. Discipline low, privates do not salute properly. Better Defense, Strong Military (BDSM) program not stronk, like bull.
Excellent!
>>>>People like you called President Reagan a warmonger back in the day.<<<<
And corrupt globalists like you would never have voted for him.
I would LOVE to have my US income taxed under this new Russian scale. If you consider that Russia has no state tax, it's even better.
Putinists are still mad at Caspar Weinberger.
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