Receita Federal data shows 1% of Brazilian taxpayers earn over R$ 1.2 million

Data from the Receita Federal reveals significant income inequality among Brazilian income tax filers for 2026. Of the 42.07 million declarations submitted by September 26, only 1%—approximately 448,671 individuals—earn more than R$ 1.2 million annually. The vast majority, 85%, report annual incomes of up to R$ 200,000, while 12% earn between R$ 200,000 and R$ 600,000.

This economic distribution aligns with political trends observed in recent polling. Datafolha research indicates that Luiz Inácio Lula da Silva maintains strong support among lower-income voters, while Flávio Bolsonaro leads in higher income brackets. Lula’s platform focuses on tax justice and reducing inequality, including exemptions for those earning up to R$ 5,000. Conversely, Flávio Bolsonaro advocates for reducing the tax burden and revising consumption tax reforms.

Additionally, taxpayers are reminded of the technical requirements for filing, specifically regarding investments. Filers must distinguish between 'stock' (assets held on December 31) and 'flow' (interest, dividends, or capital gains earned throughout the year) to avoid inconsistencies in their declarations.