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Did you know that Brazilians paid R$3 trillion in taxes in 2024, and the year isn't even over yet? The government is about to launch new taxes!
Get ready for a shocking revelation about Brazilian spending!
On the morning of this Friday, November 1, 2024, the tax meter reached an impressive number: R$3 trillion paid in taxes, fees and contributions by citizens and companies in Brazil since the beginning of the year.
But did you know that this amount was recorded 54 days earlier than last year? That's right! In 2023, the mark was only reached in mid-December, and the 20% increase in relation to the R$2,5 trillion paid in the same period last year has an alarming explanation.
- Brazil accumulates impressive 124 billion yuan in reserves and strengthens ties with China
- Bill Gates and his $153 billion fortune: Mansions, art worth millions and billion-dollar donations that will change the world after his death
- Lack of labor hits the world of collectors and causes wages to soar in Brazilian city
- Brazil imported 28 THOUSAND tons of garbage in five months! Law seeks to ban unusual practice
Fiscal pressure on Brazilians is only increasing, and the government has plans that could take this tax burden to even higher levels.
The Taxometer: a warning to the population
The Taxometer, a panel created in 2005 by the Commercial Association of São Paulo (ACSP), serves as a warning about the tax burden that Brazilians face daily.
It records the total amount of taxes paid in real time and seeks to raise awareness among the population about the importance of demanding better quality in public services.
Located at Rua Boa Vista, 51, in the Historic Center of São Paulo, the panel is an invitation to reflection.
Citizens can closely monitor the amount of taxes paid by accessing the website impostometro.com.br, where data on federal, state and municipal taxes is available.
The operation of the Impostometer is simple, but powerful.
It automatically calculates revenues based on data from the Federal Revenue Service, the National Treasury Secretariat, and the IBGE, among others.
Through a system that crosses information from different agencies, the panel provides a clear and alarming view of what is being taken from Brazilians' pockets.
Immediate increase and new rates in sight
With the government of Luiz Inácio Lula da Silva (PT) finding itself forced to freeze R$15 billion in expenses to meet the 2024 fiscal targets, the new rates are not just a possibility, but an imminent reality.
The Ministry of Finance has already started to implement increases in some taxes.
On the first day of November, for example, the Industrialized Products Tax (IPI) rate on cigarettes was increased.
Additionally, in July, a new charge was introduced: the 20% Import Tax on purchases from abroad of up to US$50., a tax popularly known as the “blouse tax”.
These measures demonstrate that the government is seeking additional revenue to balance its accounts.
Sources close to the economic team revealed to Reuters that the possibility of raising “extra-fiscal” taxes is not ruled out.
The proposals include increases in the Social Contribution on Net Profit (CSLL) and Income Tax Withheld at Source (IRRF), which is levied on Interest on Equity (JCP).
Since the beginning of this term, changes in taxation have generated a series of reactions on social media, especially memes related to the Minister of Finance, Fernando Haddad, who earned the nickname “Taxad” due to the increasing rates.
Impact of tax on the ordinary citizen
This increase in the tax burden brings mixed feelings among experts.
For Roberto Mateus Ordine, president of ACSP, the record achieved is at the same time a reason for joy and sadness.
He mentions that, although the collection represents significant growth, “this collection should benefit the population, which, unfortunately, is not happening.”
João Eloi Olenike, president of the Brazilian Institute of Planning and Taxation (IBPT), corroborates this view.
He believes that the government's policy, which seeks to increase revenue through strict measures, is a response to the need to contain the rise in public spending.
The PIS and Cofins rates on fuels, for example, were reinstated, and the review of tax incentives in various sectors are reflections of this strategy.
Economic scenario and fiscal consequences
Despite attempts to balance the books, federal revenue collection still faces challenges.
In the first seven months of 2024, net revenue grew almost 9% in real terms compared to the same period of the previous year, but even so, the Union recorded a primary deficit of R$78 billion.
This shows that, although revenue is increasing, spending still exceeds revenue.
Do you believe that the increase in tax revenue will actually result in improvements for the population, or will it be another burden on Brazilians' pockets? How do you see the impact of these new taxes on your daily life?
Also... What can you expect from a **** and wasteful government like these incompetent ones...
This increase in revenue is only to cover the government's “spending” and its **** “ass-kissing”
No, as long as these family, corporate, civil, military, etc. mafias maintain power over Brazil. See that almost all political leaders approved the 2020/22 electoral “Law” that punished the irregular use of Increased Funds and when almost all of them were caught, they went there to self-legalize and want new funds to pay the “Fines” of the parties. Left, Middle and Right United!
We are not a Nation but a Collusion of these Old Mafias that have Institutionalized and Legalized themselves to maintain the “status quo” in force since the colony, of plundering the National Treasury to maintain power over the population.
We are Planned and Monitored to NOT GET IT RIGHT, because that is how they have always made fortunes and they do not accept other ways of increasing their wealth: “A WINNING TEAM DOESN’T CHANGE!!!”
This question was answered by herself. Incompetent, shitty government!!!