Quaest: 67% say they were not benefited by the new income tax exemption; 30% say they were
A recent survey shows that a majority of Brazilians do not feel benefited by the new income tax exemption for individuals earning up to R$ 5,000.
A survey conducted by Quaest revealed that 67% of respondents feel they were not positively impacted by the newly implemented income tax exemption for those earning up to R$ 5,000. In contrast, only 30% reported that they or their families benefited from this financial relief. This exemption was introduced in January 2023 and aimed to alleviate the tax burden for low-income earners, yet the survey results suggest that a significant portion of the population remains skeptical about its effectiveness.
Additionally, 47% of those surveyed indicated that they felt an impact on their family income due to the exemption. Among these respondents, 15% reported a significant increase in income since the policy's introduction, while 32% noted a modest increase. Conversely, half of the respondents felt no difference in their financial situation, showcasing a disconnect between policy intention and the real-world experience of low-income families.
The survey, commissioned by Genial Investimentos, was conducted with 2,004 participants aged 16 years and above between February 5 and 9. The results carry a margin of error of 2 percentage points, reflecting a snapshot of public sentiment regarding tax policy in Brazil. These findings could have implications for future economic policies, highlighting the need for a more targeted approach to support those who struggle with low incomes and depend on government interventions for financial stability.