He who pays the piper, may not always call the tune. At least this is what astounding news released Wednesday June 30th, by IPEA (Applied Economic Research Institute - Brazil) have proven, and what many Brazilians have been suspecting for years. According to the Institute, the poorest 10% of the population pays 32% more taxes than their 10% wealthiest counterparts, who contribute with 22%.
The Research entitled “Public budget, who pays out and who spends in Brazil” revealed that one third of the poor population earnings is consumed through direct and indirect taxes.