Putin instructed the government and the parliament to implement changes to the tax laws by the 31st year in order to achieve a fair division of taxes between the child and the child’s income tax payer, The Moscow Times website reported on Monday, citing an order of the head of state, published by the Kremlin.
In his message delivered at the end of the tunnel, Putin informed about the full life tax, including the income of natural persons. In the following instructions, he did not specify specific goals, but requested that the tax rates be fixed until 2030 “with the aim of ensuring stable and transferable conditions for a full long-term investment project. He intended to prevent taxing anyone and underestimation of tax payments, the server said.
Deputies of the State Duma, the lower house of the Russian parliament, according to the portal, discussed with government officials whether Russians with a variable income of at least five million rubles (about K 1.27 million) could be allowed to touch, or a wide range of residents with a variable income of at least one million ruble (about 250 thousand K).
If the tax rate on personal income from one million rubles is lifted, it will affect 15 percent of the population of Russia, and by the end of 2025 it could affect up to a fifth of the population, economists estimate.
In 2020, Putin increased the personal income tax to 15 percent for Russians with an income of less than five million rubles. According to the portal, this rate could now apply to everyone who spends more than a million rubles. And for those who spend more than five million, the rate can start at 20 percent.
In addition to the personal income tax, there is also a special corporate income tax in Russia. It was introduced last year as a one-off event, but according to the portal’s source, the Kremlin liked the result so much that it was supposed to be held again.
According to the Ministry of Finance, the state budget received more than 300 billion rubles (about 76.3 billion K) from taxes paid by companies, whose average profit for the years 2021-2022 before taxes exceeded one billion rubles.
The wolf’s salary and Putin’s promises are starting to worsen
The Russian budget needs money, which, in addition to the war against Ukraine, has to pay for Putin’s pre-election promises totaling more than 15 billion rubles, and this in a situation where the national reserves are falling sharply.
The National Welfare Fund, where profits from oil and gas imports were held, was halved during the two years of the war against Ukraine: from liquid assets of $113.5 billion at the beginning of 2022, $55.9 billion remained as of April 1, 2024. And this year, the Ministry of Finance will spend another 1.3 trillion rubles from the fund on the financial deficit of the national budget, and the Ministry of Economic Development will spend 900 billion rubles on investments of global significance.
The state press agency TASS revealed that the president instructed the government to reduce the poverty level in Russia below seven percent of the population by 2030, i.e. by the end of the new mandate of the head of state, to ensure a stable birth rate and to place Russia among the largest economies the world according to the purchasing power parity.
All of Putin’s orders were to be followed – and to 100% disposal of municipal solid waste and the disposal of unnecessary sewage into Lake Baikal, as early as 2030.
When Putin came to power at the turn of the millennium, 29 percent of Russians lived below the poverty line, while the previous year it was 10.5 percent of the population, i.e. 15.3 million Russians, which represented a record low number, even though Russia once claimed it in 2012 , when 15.4 million Russians lived below the poverty line, the RBK server reported with reference to the statistical data. The server also mentioned the previous development goal – to reduce the poverty level to 6.5 percent of the population by 2030, i.e. by half compared to 2017.
