Introduction of a standard tax deduction for taxpayers with low incomes[Введение Стандартного Налогового Вычета Для Налогоплательщиков С Невысокими Доходами]

One of the most common tools in most countries aimed at reducing income inequality is the tax policy instruments, including the standard tax deduction (non-taxable minimum), which to some extent can contribute to the reduction of poverty. A standard tax deduction, increasing disposable income, to some extent can contribute to poverty reduction.There is currently no such deduction in the Russian Federation. The work substantiates the expediency of introducing in Russia a standard tax deduction on personal income tax for low-income workers. This work analyzes various options for the provision of tax deduction, gives an estimate of falling budget revenues in the whole of the Russian Federation and for individual subjects of the Russian Federation. The possible ways to compensate for the reduction of tax revenues are considered.