Abstract
ABSTRACT This article analyzes the role of inheritance and donation on the distribution of wealth and income in Brazil and the state of Rio Grande do Sul. Although several scholars coming from branches of Social Sciences have already scrutinized the influence that slavery and colonial exploitation had - and still have - in the Brazil’s development, no work in the economic literature has thus far attempted to estimate Brazil’s current inheritance stock in monetary terms. With this in mind, this paper has three specific goals: i) to estimate, in accordance with an original framework, the inheritance stock of Brazil (and Rio Grande do Sul) and their flow with respect to national income and household disposable income; ii) to measure potential revenue through the application of a more progressive taxation of inheritance and donations based on inheritance stock estimates and iii) to simulate the distributional effect of reallocating these new fiscal resources. It is important to note, however, that the simulations presented in this paper are static exercises, and do not intend to capture general equilibrium or behavioral effects.
Highlights
This article explores the role of inheritance on wealth formation and income reproduction
We have three specific goals: i) to estimate, in an original way, the inheritance stock of Brazil and their flow with respect to national income and household disposable income; ii), to measure potential revenue through the application of a more progressive taxation of inheritance and donations based on inheritance stock estimates, and iii) to simulate the distributional effects of reallocating these new fiscal resources as a way to reduce inequality as measured by a change in the Gini Index
The State Treasury Secretariats in each Federal Unit of Brazil provide access only to the total amount of money collected under the Causa Mortis and Donations Transmission Tax (ITCD - Imposto sobre Transmissão Causa mortis e Doações, in Portuguese); they do not disclose the total assets amount coming from Inheritances or Donations, let alone these values broken down by ranges of values
Summary
RESUMO: O artigo analisa o papel das heranças e doações na distribuição de riqueza e renda no Brasil e no Rio Grande do Sul. Ainda que diversos autores, advindos das Ciências Sociais, já tenham se debruçado sobre a temática da influência que a escravidão e a exploração colonial tiveram – e ainda têm – no desenvolvimento brasileiro, nenhum trabalho na literatura econômica, até então, procurou estimar o atual estoque monetário de heranças do Brasil. Este artigo tem três objetivos específicos: i) estimar, a partir de uma abordagem original, o estoque de heranças do Brasil (e do Rio Grande do Sul) e os seus fluxos em relação à renda nacional e à renda disponível das famílias; ii) mensurar o potencial arrecadatório, através da aplicação de uma tributação mais progressiva de heranças e doações, com base no estoque de heranças estimado e iii) simular o efeito distributivo a partir da realocação deste novo recurso fiscal. PALAVRAS-CHAVE: Brasil; heranças; tributação de heranças; mobilidade intergeracional; distribuição de renda e riqueza
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