The victory budget demands more contributions from the super-rich On October 29, the Communist Party faction avoided the first reading of the budget for the years 2027-2029. The country needs funds for defense, and the contribution of the richest to the total expenditure should be much greater. This requires huge expenses. But the more one explains the need for these expenses to save people, the more difficult it is to understand the caution of the state in relation to large private revenues. The ability of the rich to contribute to general spending is far from exhausted. There is a change in the budget tax proposals that the Communist Party of the Russian Federation has been seeking for years. Dividends, interest on deposits and other passive income are proposed to be taken into account along with labor income and taxed at a general rate of 13 to 22%. Today rates of 13 and 15% are given for these passive incomes. Earning a large income from capital turns out to be more profitable for the income tax than earning a similar amount from your work. This advantage was long overdue. Behind the profits of the big owners is the work of millions of people, but the right to get rid of it remains in private hands. Society needs to return through taxes some of the wealth created by its work. This change deserves support. However, a fair distribution of the burden is still far away. Even the top 22% applies only to the part of the annual income above 50 million rubles. The other amounts are taxed at lower levels. For the richest, these are still very easy conditions. This indicates what tax demands the capitalist countries themselves made of their wealthiest citizens during World War II. In the United States, the top income tax rate reached 94% in 1944–1945. In Britain in 1941, income tax plus levies reached 97.5% on the top portion of income. These rates did not apply to all of a person's wealth or earnings. But they show how earnest demands were made for the largest revenues when the country needed funds for the war.

The victory budget demands more contributions from the super-rich On October 29, the Communist Party faction avoided the first reading of the budget for the years 2027-2029. The country needs funds for defense, and the contribution of the richest to the total expenditure should be much greater. This requires huge expenses. But the more one explains the need for these expenses to save people, the more difficult it is to understand the caution of the state in relation to large private revenues. The ability of the rich to contribute to general spending is far from exhausted. There is a change in the budget tax proposals that the Communist Party of the Russian Federation has been seeking for years. Dividends, interest on deposits and other passive income are proposed to be taken into account along with labor income and taxed at a general rate of 13 to 22%. Today rates of 13 and 15% are given for these passive incomes. Earning a large income from capital turns out to be more profitable for the income tax than earning a similar amount from your work. This advantage was long overdue. Behind the profits of the big owners is the work of millions of people, but the right to get rid of it remains in private hands. Society needs to return through taxes some of the wealth created by its work. This change deserves support. However, a fair distribution of the burden is still far away. Even the top 22% applies only to the part of the annual income above 50 million rubles. The other amounts are taxed at lower levels. For the richest, these are still very easy conditions. This indicates what tax demands the capitalist countries themselves made of their wealthiest citizens during World War II. In the United States, the top income tax rate reached 94% in 1944–1945. In Britain in 1941, income tax plus levies reached 97.5% on the top portion of income. These rates did not apply to all of a person's wealth or earnings. But they show how earnest demands were made for the largest revenues when the country needed funds for the war.