NEWSLINK: Rich Russians Also Lament New Tax Hikes

File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(Rich Russians Also Lament New Tax Hikes – Forbes – Kenneth Rapoza – January 3, 2013 – click here for full article)

Forbes covers Russian tax hikes on the wealthy, largely impacting individuals, sole proprietors and with high-end luxury items such as homes, cars, boats, airplanes and helicopters:

Not only rich one percenters in the U.S. are going to see their taxes rise, but so are the wealthy in Russia.

This week marks the beginning of the new luxury tax for high spending Russkies.

President Vladimir Putin reminded everyone of that in his annual Address to the Federal Assembly in mid-December.
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Tax junkies around the world can rest assured that Putin said he would keep the beloved “flat tax” rate of 15 percent, adding that a progressive rate, as we have here in the States, is not conductive to social justice. …

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Those affected will be sole proprietors, organizations and individuals that own luxury items, mainly homes, cars, boats, airplanes and helicopters. …

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