Income tax in Brazil: past, present, and future

Income tax in Brazil: past, present, and future
Will the next president revamp Brazil’s income tax? Photo: lovelyday12/Shutterstock

We are living in what are probably the most politically polarized times in Brazilian history. Arguments about the elections are tearing families apart and having a negative effect on people’s mental health. It is hard to agree on anything. But there might be one issue that unites us all: taxes.

In general, Brazilians believe they pay too many taxes. Especially when you factor in what citizens get in return in the form of public services. One of the main villains is income tax, the champion in generating revenue for the state since 1979. Born in 1922, Brazil’s income tax law...

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