Revenue Secretary wants more taxes for the rich – 02/01/2019 – Market



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The new secretary of the Internal Revenue Service, Marcos Cintra, said on Wednesday (2) that he is studying the establishment of an additional income tax rate on the income of high income people.

The secretary's statement contradicts the proposal of

During the election period, the Bolsonaro campaign defended the exemption from income tax for people earning up to five minimum wages , with the perception of a single rate of 20% for all. the other

"The Brazilian tax system must have a certain degree of progressivity.We will not go so far as to have a single rate."

He did not specify what could these percentages be and stated that the issue would still be evaluated by the Ministry of the Economy

For Cintra, it is possible to reduce the tax on low income people and to get low income. extend the range of exemption according to the fiscal adjustment adopted by the government.

Today, the incidence of income tax ranges from 7.5% to 27%. , 5%. Taxpayers whose monthly income is less than R $ 1,903.98 are exempt. The highest rate applies to those whose income exceeds R $ 4,664.68.

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