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You are looking at taxes. There is probably more taxes in the form of health insurance / retirement thing. It's incomparable to Europe since in most EU countrie
by csomar 6y ago
You are looking at taxes. There is probably more taxes in the form of health insurance / retirement thing. It's incomparable to Europe since in most EU countries you probably get some coverage in return to the money you paid while, in third-world countries, health care is sub-bar or non-existent.
As for retirement, inflation will probably eat that.
- vidarh 6y agoThe numbers I compared to were the "full tax wedge" numbers which includes social service payments both on the employee AND employer side on top of income taxes. I on purpose picked the category that gives the highest numbers in the OECD report, well above the numbers people will see on their tax returns in most cases. I'm sure the commenter above was including something else, which is what I'm curious about, given that as far as I can tell the highest marginal federal tax rate I can find is only 27.5%, and average effective rates far lower, but I don't know what other costs people might incur. If Brazil is in fact a higher tax country than most of the wealthiest countries in the world, I'd love to know more.
- aprdm 6y agoBrazil health care is actually decent, better than the American for sure. Universities are also free.
- stephenfg 6y agoRegarding universities, they may be free, but the number of admissions is very, very limited. The competition is very harsh. In reality, most people who are able to get in are those capable of paying for very good schools or preparatory courses, and these courses can be very expensive [0]. Sometimes, people have to try for years before being able to join those universities [1]. When your family is very poor, this situation makes it impossible for the student to keep on trying. Sometimes parents can't keep paying for the preparatory course, or worse, the student may have to forfeit it's dreams of studying in favor of working and helping with household expenses. As seen in [0], most people studying in free universities are actually in a pretty good financial situation. Sometimes, people from very poor families manage to study for free, but this is rare and often newsworthy [2]. In my humble opinion, I don't think universities are really free. There are many financial costs associated with studying in a public university. [0] http://www.brasil-economia-governo.org.br/2016/06/15/como-as-universidades-publicas-no-brasil-perpetuam-a-desigualdade-de-renda-fatos-dados-e-solucoes/ http://www.brasil-economia-governo.org.br/2016/06/15/como-as... [1] https://g1.globo.com/pb/paraiba/noticia/2020/01/29/paraibano-e-primeiro-lugar-em-medicina-na-usp-o-principal-foi-entender-quem-eu-era.ghtml https://g1.globo.com/pb/paraiba/noticia/2020/01/29/paraibano... [2] https://diariodonordeste.verdesmares.com.br/metro/estudante-que-viajava-53km-diariamente-para-estudar-em-fortaleza-consegue-aprovacao-em-medicina-1.2204539 https://diariodonordeste.verdesmares.com.br/metro/estudante-...