Assimetrias na tributação da renda do trabalho e do capital : impactos de modificações na estrutura de tributação da renda de pessoa física no Brasil

This paper discusses the asymmetry between labor and capital (profits and distributed dividends) income taxation in Brazil and simulates changes in the personal income tax structure in a neutral approach. An original dynamic recursive computable general equilibrium modelis applied. The results indicate that a more progressive taxation of personal income would lead to a drop in household income inequality in the Brazilian economy. Consumption, Investment and production oriented to domestic market would be encouraged. However, the impacts on inequality and on the economy are small given the small representativeness of the personal income tax in the Brazilian tax base. We conclude that for effective changes towards a more progressive tax structure in Brazil it is needed to study a higher taxation on capital income associated to a decreaseof consumption taxes