Posted on 09/23/2025 4:20:56 AM PDT by marcusmaximus
Vladimir Putin is preparing to hit wealthy Russians with higher taxes to fund his war in Ukraine.
The Russian president announced this week that the Kremlin was considering “reasonable” measures on the rich, such as increasing levies on dividends or raising tax rates on luxury goods.
He said: “In the United States during the Vietnam War and the Korean War, that’s exactly what they did. They raised taxes specifically on people with high incomes.”
It comes as Putin struggles to bankroll his war in Ukraine, with the most recent figures showing that the country’s national wealth fund stood at $36.4bn (£26.9bn) in June. This was down from a peak of more than $140bn at the start of its invasion in 2022.
The Russian government is expected to unveil its proposed tax rises in a budget to parliament on Sept 29.
(Excerpt) Read more at yahoo.com ...
Ukraine is attacking the Belbek air base in Crimea right now.
You are so funny, pinging me over this. I don't get excited, one way or the other. A war far from from these United States between two non-NATO nations is ongoing, and -- surprise! -- they attack each other every day.
I spent some hours this afternoon rebuilding one wall of an outside shed. It was a lovely day, and working in the shade on a sunny day with light breezes was delightful.
Isn’t that Zoltron’s plan?
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.