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    Home»Economy»Guedes’ change in income tax hurts the middle class; understand | Economie
    Economy

    Guedes’ change in income tax hurts the middle class; understand | Economie

    Camelia KirkBy Camelia KirkJuly 2, 2021No Comments2 Mins Read
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    Guedes’ change in income tax hurts the middle class;  understand |  Economie
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    tax authority
    Reproduction: Acidade ON

    tax authority

    Suggestion tax reform
    The government plans to limit a simpler advertising model to those who earn up to 40 thousand Brazilian riyals per year
    . According to the text, the 20% discount is limited to those who receive this range, that is, up to R$8000 as a discount.

    Today, the percentage is applied based on the tax calculation, with a maximum of R$ 1,6754.34. Change promises compromise Middle class
    Those on low incomes who do not have discounts with dependents, according to Folha de São Paulo.

    For this group, the contribution more than double
    , according to calculations by Unafisco Nacional (National Association of Tax Auditors of Federal Revenue in Brazil).

    Example: Without deductions with dependents, expenses with instructions or medical expenses, which would mitigate in the final calculation of tax, a taxpayer whose annual income is R$48,000 (or R$4,000 per month), who would have to pay R$630 For the simplified advertisement, I will pay 1,329.68 BRL with the full version ( 111% increase
    ).

    In the case of taxpayers with the same income, but with two children instead of collecting R$ 630 from the simplified method, they can pay R$ 104.35 for the full amount, taking into account the average deductions with education and dependents.

    As we have seen, this taxpayer, when withdrawn from the simplified method, has to pay more taxes and commit a larger portion of his income.

    In the assessment of the head of Unafisco, Mauro Silva, who was overheard by Folha, the measure burdens this segment, already burdened with even greater burdens.

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    “Those who earn more than R$10,000 per month can even get health insurance, enroll their children in a private school and have already used the full declaration form. But this is not the case for many other taxpayers.”

    As for the taxpayer without expenses with dependents and with an annual income of 180 thousand RRL, the difference between the types of declaration is decreasing, but it is still significant: 6.5% more. While the increase for those earning R$120,000 is 13.1%, and for the R$60k range, equally without deductions, the increase in income tax payable would be 47.7%.

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    Camelia Kirk

    "Friendly zombie guru. Avid pop culture scholar. Freelance travel geek. Wannabe troublemaker. Coffee specialist."

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