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Progressivity and distributive impacts of personal income tax: the case of China and Brazil.
- Source :
-
Brazilian Journal of Political Economy / Revista de Economia Política . out-dez2022, Vol. 42 Issue 4, p998-1013. 16p. - Publication Year :
- 2022
-
Abstract
- This paper aims to evaluate and compare the distributive impact of the personal income tax (PIT) on individual's income in Brazil and China by measuring the Gini Index before and after this tax incidence. The paper also proposes a methodology for transposing the PIT backets from one country to another. The results show that a more progressive scheme implemented by China, with more brackets and higher rates, does not guarantee reduction of inequality, due to the level of income exemption and to the incomes on which the marginal rates affect. Thus, it can be perceived that the PIT brackets of these two countries deserves revisions if they seek to fulfill the distributive function. [ABSTRACT FROM AUTHOR]
- Subjects :
- *INCOME tax
*INCOME inequality
*TAX incidence
*INCOME
*PROGRESSIVE taxation
Subjects
Details
- Language :
- English
- ISSN :
- 01013157
- Volume :
- 42
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Brazilian Journal of Political Economy / Revista de Economia Política
- Publication Type :
- Academic Journal
- Accession number :
- 161099563
- Full Text :
- https://doi.org/10.1590/0101-31572022-3323