QUANTO VOCÊ VAI PAGAR DE IMPOSTO AO LONGO DA VIDA?
QUANTO VOCÊ VAI PAGAR DE IMPOSTO AO LONGO DA VIDA?
O Primo Rico, um youtuber especializado em finanças, recently posted a video that has been making waves in the financial community. The video, titled “Quanto você vai pagar de imposto ao longo da vida?”, provides an overview of the various taxes that Brazilian citizens pay throughout their lives.
Taxes in Brazil
- Income Tax (IR): This is the main tax paid by individuals in Brazil. The rate varies from 0% to 27%, depending on the individual’s income level.
- Social Security Tax (INSS): This tax is paid by employees and employers to fund the country’s social security system. The rate is 11% for employees and 22% for employers.
- Property Tax (IPTU): This tax is paid on real estate properties and varies depending on the location and value of the property.
- Vehicle Tax (IMI): This tax is paid on vehicles and varies depending on the state and the value of the vehicle.
- Consumption Tax (ICMS): This tax is paid on goods and services sold in Brazil. The rate varies from 4% to 18%, depending on the state and the type of good or service.
According to O Primo Rico, the total amount paid in taxes by a Brazilian citizen over the course of their lifetime can be staggering. For example, if someone earns an average salary of R$ 5,000 per month and lives until the age of 80, they will pay:
- R$ 21,600 in income tax (IR) over their lifetime;
- R$ 34,700 in social security tax (INSS) over their lifetime;
- R$ 15,800 in property tax (IPTU) over their lifetime;
- R$ 21,600 in vehicle tax (IMI) over their lifetime;
- R$ 347,900 in consumption tax (ICMS) over their lifetime;
This adds up to a total of R$ 821,500 in taxes paid over the course of their lifetime.
Investing in Your Future
O Primo Rico emphasizes the importance of investing in your future and not relying solely on the government for your retirement. He suggests investing a portion of your income each month in a private pension plan or other investment vehicles to secure your financial stability in the long run.
If you want to learn more about personal finance and investing, be sure to check out O Primo Rico’s channel on YouTube.