Finance Minister Fernando Haddad again confirmed, on Thursday (20), that the increase in the scope of exemption from income tax (IRPF) for those who earn up to $ 5,000, does not affect the collection of states and municipalities. In an interview with Good Morning, the GOV minister recalled that the project is already stipulating compensation for the government’s gathering, which participates in federal taxes with the entities without the national.
This exemption will generate a tax concession provided by $ 25.84 billion, which will be funded by imposing taxes on about 141.3 thousand people who earn more than $ 50,000 per month, or 0.13 % of all taxpayers in the country.
The government also intends to impose taxes to transfer stock profits abroad, at any amount and only when the funds are for foreign citizens.
“We do not give up revenues because we are paid the super wealthy people who do not pay. So when the super wealthy people who do not pay to pay the minimum rate of 10 %, you compensate for those who earn up to 5 wages (about 7000 dollars) and we stop the payment and there is no bias for the states and municipality,” he explained.
The government project also creates a partial discount for those who receive between $ 5,000 and $ 7,000, which reduces the amount paid today.
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According to Haddad, parliamentarians will need to ensure compensation during the text.
“There are a lot of people who have income agreed with social justice. Not because a person has an income that will stop voting in a fair project. You can be sure that many people there (a representative in Congress), the businessman, will vote for this project because he knows that he knows that he must have a tax less than the rich, which he said 10 %,” he said that this is Hoda.
“I am sure that even the far right will have no argument for not agreeing to this procedure. I cannot see a person from the far right climbing the platform (from Congress) and justifying the collection of income tax for those who earn $ 5,000.”
Super Rich
The minister recalled that workers in the middle Class category, who have a salary lists of income tax, pay up to 27.5 % of the tax rate, with an average actual tax rate of about 10 %. According to him, this procedure will only reach those who earn more than $ 50,000 per month – $ 600,000 a year – and they do not pay income tax.
“If, at the end of the year, it can prove that he paid more than 10 % of income income, you will continue to pay what you have always paid, you will not pay anymore. It will only complete what is missing 10 %,” noting that there is no increase in taxes.
Taxes will only reach 0.13 % of taxpayers and only 0.06 % of the population. This group of people pays only 2.54 % of the actual income tax rate because most income is exempt. At the same time, the signed wallet factor, on average, is 69.18 % of taxable income at a rate of 27.5 % of the individual income tax (IRPF).
According to Haddad, there are a number of situations that will continue in exemptions and also benefit the wealthy people, such as health expenditures, encouraging securities, and capital gains in selling goods and compensation.
“The super wealthy who pay the tax is not affected by this procedure. You are talking about the super wealthy who do not pay the tax,” he stressed.
If Congress is approved, the changes will not be valid only from 2026.
More than 7000 dollars, the Progressive Income Table will be applied naturally. Currently, the exemption from the individual income tax schedule benefits only those who get up to $ 2,259.20.
