![Kremlin: Imposition of US Sanctions on President Vladimir Putin Crosses A Line](https://foxnewspoint.co.uk/wp-content/uploads/2020/06/The-Referendum-Russia.jpeg)
Wealthy Russians have to pay a little more tax. Russian President Putin wants them to pay 15 percent of their income above 5 million rubles.
Now that income tax is 13 percent.
The increase is expected to take effect on January 1 and would bring the state 60 billion rubles annually, Putin said during a speech on television.
The announcement comes a week before a referendum on a significant change to the constitution.
Putin hopes that the people will support the proposal so that he can remain in power until 2036.