Yes, you’re looking at ~92% tax right there. Final price jumped from ~113 dollars (584BRL) to ~220 dollars.
EDIT: A bit of clarification, when buying from abroad there’s a flat 60% federal tax if the thing + shipping price surpasses 50 dollars. Then there’s a state tax that can vary between 17-25%, which goes on top of the total taxed value. Part of the tax is literally “tax of a tax”
It is not, as government agencies are not for profit profit organisations de iure. On top of that it’s violating law, and debfacto stealing from both the citizen and potentially from the state itself. You can’t just throw ‘capitalism bad’ on any observation of shitty socio-economic behaviour.