Danneskjold on Nostr: In Brazil, when you buy a car, you buy one for yourself and one for the government, ...

In Brazil, when you buy a car, you buy one for yourself and one for the government, since half of the price is taxes.

After that, as punishment for owning the car, you pay 3% in taxes per year on the value of the car (which includes the car itself and the car you "donated" to the government or the taxes you "bought" along with yours).

In ten years, you will pay 34% of the value of this asset (car and taxes).

This means that if the manufacturer is willing to sell you the car for R$30,000.00, your adventure of buying a car will cost, over the course of 10 years, R$80,634.98, of which R$30,000.00 will go to the manufacturer/dealer and R$50,634.98 to the government.