Liberaloutbursts, unaware that behind all the economic strength there are several mechanisms to compensate for lower taxes on consumption. If, on the one hand, less taxes are paid on consumption, on the other hand, income and assets are affected under minimally equitable assumptions — that is, they have a greater weight in revenue and burden proportionally more on those with a greater capacity to compete for state spending. There is no free lunch ! At the federal level, taxation on personal income in the USA has seven bands, with rates varying between 10% and.
Income from dividends is even taxed at specific rates. With the peculiarity of concurrent jurisdiction in this type, states also tax Engineering Email List income, at rates of up to 13% (United States, 2021 [1] ). Depending on state legislation, some local spheres also exercise competence. Before the Tax Cuts and Jobs Act of 2017 (TCJA), corporations had their income/profits taxed at up to 35% (Gassen and Valadão,. In Brazil, however, the tax on personal income, subject to annual adjustment, is subject to four bands, with rates between 7.5 andthermore, it can be said that, in general, Brazilian travelers ' companies are not taxed by real profit (only.
Collecut by the presumed profit regime (7. 2% collect the rate that only applies to the value resulting from the application of percentages on gross revenue, varying betweennd , that is, the percentage of presumed expenses that varies between 98.4% is excluded from the calculation. % and or by Simples Nacional (75.52%), according to statistics on the number of the National Register of Legal Entities ( CNPJs) [3] . From a revenue point of view, tax exemptions for those opting for presumed and simple profit, equivalent to a tax waiver, corresponded, rllion and R$15,363 million, according to data from the Brazilian Federal Revenue Service.