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Discover How Much You Pay in Taxes Throughout Your Life and How It Affects Your Wallet in Brazil

Written by Rafaela Fabris
Published on 03/06/2024 at 16:00
Descubra quanto você paga em impostos ao longo da sua vida e como isso impacta o seu bolso no Brasil
Você tem ideia de quanto paga em impostos ao longo da sua vida? Todo mundo sabe que o Brasil é um dos países que mais cobra impostos no mundo, mas será que temos noção do quanto isso realmente pesa no nosso dia a dia? Vamos entender melhor. Imagem: Manual da Economia/Divulgação
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Do You Have An Idea Of How Much You Pay In Taxes Over The Course Of Your Life? Everyone Knows That Brazil Is One Of The Countries That Charges The Most Taxes In The World, But Do We Really Have A Sense Of How Much That Actually Impacts Our Daily Lives? Let’s Understand Better.

In Brazil, the average is that you work about 150 days, or 5 months a year, just to pay taxes. This means that every 3 years, you work 1 year and 3 months just to cover the cost of the State. Considering that you start working at 18 and go until 65, out of the 47 years of your working life, 19 will be spent working just to pay taxes.

Comparing with other countries in Latin America, we see that Argentines work around 136 days to pay taxes per year, while in Mexico it’s 108 days, in Uruguay 84 days, and in Chile only 68 days per year. All these countries have a Human Development Index (HDI) higher than Brazil, showing that the longer time spent working to pay taxes here does not translate into better public services.

Many Of The Taxes We Pay In Brazil Are Indirect, Buried In The Products We Buy

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For example, basic items like rice and bread have taxes of around 16% to 18%. Items like mayonnaise and meat can have rates of 33% and 29%, respectively. Products considered non-essential, like chocolate and soda, can have taxes that reach 56%.

The Brazilian tax system is extremely complex, with different rates for different products and states. This makes it difficult even for the government to know exactly how much tax is charged on each product.

All Of This Complexity Results In A Waste Of Time And Money, Which In The End Is Passed On To The Consumer

If we consider that you earn a salary of R$ 2,000 per month, over 19 years of work dedicated solely to paying taxes, you will have paid around R$ 600,000 to the government. This amount is enough to buy land and build a house in many parts of Brazil.

It’s worth reflecting on whether the services and benefits we receive from the government are up to par with what we pay in taxes. Do those 19 years of work just to pay taxes translate into quality of life and efficient public services? Leave your opinion in the comments and share your reflections on this important topic.

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Rafaela Fabris

Covers innovation, renewable energy, and oil and gas. With over 1,200 articles published on CPG, the author provides daily updates on opportunities in the Brazilian job market. For story suggestions: rafafabris11@gmail.com

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