How much does the State take from each thing that is bought: bread, cars, meat, clothes and everything else?

It is a reality that the State takes a portion of what is produced in the country with taxes -impacting the price of things when buying them-, according to a World Bank report ensuring that Argentina is on the podium of the countries with the highest tax burden on the formal sector of the economy in the world -considering that the total rate of taxation on utility is 106%-.

But while all sectors of the private economy in the country pay similar taxes -with the most common being the 21% Value Added Tax- not all products have the same tax burden compared to their final price -with some reaching more than a 50% recharge compared to their original price-.

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How much does the State take from each thing that is bought: bread, cars, meat, clothes and everything else

For example, according to a report carried out by the Fundación Pro Tejer it ensures that 50.3% of the final price paid for clothing is used to pay taxes imposed -as detailed in it, VAT, Gross Income, Income Tax, bank debits and credits are contemplated, among others-.

With all this in mind, the consultancy Inveqc put together a study entitled "Voracious State" in which it analyzes the tax burden of each of the products currently available in the Argentine market -ranging from cars to the purchase of food or basic supplies-.

HOW MUCH DOES THE STATE TAKE ON EACH PURCHASE

The aforementioned report specifically analyzes the tax pressure on milk, yerba mate, oranges, meat, oil, noodles, bread, soft drinks, gastronomy in general, clothing, automobiles, transport and the hotel industry; with the highest being the automotive sector with 54.8% recharging.

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This is followed by the aforementioned sector of sale of clothing (50.3%), production of soft drinks (48.24%), yerba mate and noodles (both 42%). The complete list that can be seen in the report is as follows:

The magister in finance Esteban Domeneq, who is currently director of Invecq, shared the report on his official Twitter account, while ironically commenting on it: "Every time you go shopping, in you are actually going to the AFIP".

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