AGAIN you forget the premise that the oil companies simply pass on this $166 million a year to their customers who will pass on raising their costs to their customers, gas stations, etc. and other products that use oil that WE consumers will play!
So you are a communist is that right? NO capitalism for you.
Makes sense. So if you are employed are you making more than some of the lesser paid employees?
You realize in a socialized anti-capitalism society you are paid exactly the same as someone with lesser education experiences, etc. everyone paid the same.
Explain something to me... Putin the head of a communist state has been projected as a billionaire.
Even though Vladimir Putin officially claims an annual salary of $140,000, the Russian President's reported net worth and lifestyle tell a different tale.
While Putin acknowledges ownership of an 800-square-foot apartment, a trailer, and three cars, persistent rumours suggest a more extravagant reality. Reports suggest that Putin's personal wealth stood at a staggering $200 billion.
Despite officially claiming an annual salary of $140,000, Russian President Vladimir Putin's reported net worth and lifestyle tell a different tale.
www.ndtv.com
Annual Household Income per Capita data is updated yearly, available from Dec 1992 to Dec 2023, with an averaged value of
5,703.074 USD.
Indicators percapita#:~:text=Russia%20Annual%20Household%20Income%20per,averaged%20value%20of%205%2C703.074%20USD
The national median household income is
$74,580, according to the most recent U.S. Census Bureau Current Population Survey data for 2022.
Median household income declined from 2021 to 2022 by 2.3%, according to 2022 U.S. Census Bureau data.
www.nerdwallet.com
So being the communist supporter as you appear, are you telling me you'd prefer an economy that is less than 8% of what a capitalism society provides?
But wait... why would the Russian worker have to pay..
As of January 2021,
tax residents pay a 13% tax rate on an annual income of up to 5 million p.
Income above this limit is subject to 15% taxes
Find out who has to pay taxes and what the local tax rates are.
www.expatica.com
Just in case you can't seem to use the internet a "P" is a Russian Ruble which converting 5 million Rubles equals
$53,600 or the equavalent of almost $7,000 in Russian taxes.
Convert RUB to USD with the Wise Currency Converter. Analyze historical currency charts or live Russian ruble / US dollar rates and get free rate alerts directly to your email.
wise.com
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