The Russian State Social University (RSSU) has proposed a new tax aimed at people without children, and the idea is stirring up a lot of conversation. This tax would be a revival of a similar policy that existed during the Soviet Union from 1941 to 1992.
What’s the Proposal About?
According to Dzhomart Aliev, a top official at RSSU, the government is considering adding a 3% tax on the income of childless individuals. This means if you don’t have kids, you might pay more in taxes. Additionally, the government is looking to increase other taxes: a 5% hike on inheritance tax and a 0.5% increase on property tax.
Why This Tax Now?
The aim behind this proposal is to encourage people to have more children, addressing a significant issue in Russia. In recent years, the country has seen a sharp decline in birth rates. In fact, reports show that in the first half of this year, Russia recorded its lowest birth rate since the crisis of 1998, with about 599,600 babies born—a drop o...
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