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Progressive Rates of Income Tax for Individuals


Artur Ellaryan
(about the author)

Ellaryan Artur Aleksandrovich – Postgraduate Student, Russian Presidential Academy of National Economy and Public Administration, Moscow

Published in:
Russian Journal of Entrepreneurship
– № 19 / October, 2012



Keywords: investments, personal income tax, progressive taxation, tax base, tax deductions


Citation:
Artur Ellaryan (2012). Progressive Rates of Income Tax for Individuals. Russian Journal of Entrepreneurship, 13(19), 11-20. — url: http://bgscience.ru/com/lib/3817


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Abstract:

Based on the analysis of the income of the population and the budget revenues from the personal income tax (PIT) the writer suggests introducing a progressive scale of rates for this tax. He gives an opinion that the reduction of the tax burden on the poor by raising the personal income tax for the middle class and significantly increasing this tax for the high earners (up to 30% and more) will lead to a more equitable redistribution of financial resources and promotion of investments in the country.








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