More may come to, as the interest-rate increases bite, hitting instalment payments on cars and household goods, and causing middle-class grief.

ECONOMIST: Brazil

The only tax bite is the usual 15% federal rate she pays on income.

FORBES

That works out to an average federal income tax bite of 17%--the lowest rate paid by the richest 400 during the 15-year period covered by the IRS statistics.

FORBES: Magazine Article

So far, the effect of the new interest-rate regime has not been great, but it will bite when old loans come due and are rolled over at terms more favorable to borrowers.

FORBES: China's Enrons