Russian News - Stability of the ruble under threat: what will happen to the prices after the elections

Strengthening foreign exchange to the ruble means an automatic rise in prices. Despite the program of import substitution, our country still depends on foreign equipment, technology, food, in the end. And the higher the dollar-euro exchange rate, the more expensive foreign goods are for our importers. Their overpayment for equipment or products of the enterprise and sellers pawns in the value that the final consumer pays.

In addition to increasing the VAT of Russians can expect a rise in personal income tax. "The personal income tax rate of 13% is not a fetish. I do not think that the difference between 13% and 15% is that people will all run away from the country "

Although in fact, in addition to the 13% rate in the form of personal income tax on the salary of Russians, other contributions are made - insurance contributions to the Pension Fund and the Social Insurance Fund. And this is 34% of the salary. These contributions are not so obvious, and workers often do not even think that a percentage (47%) is subtracted from wages monthly, comparable to that paid by Americans (up to 40%) or Norwegians (50%).