The proper starting place for any decision regarding whether we should tax capital gains is a discussion of what they are

The proper starting place for any decision regarding whether we should tax capital gains is a discussion of what they are

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The proper starting place for any decision regarding whether we should tax capital gains is a discussion of what they are.

The proper starting place for any decision regarding whether we should tax capital gains is a discussionof what they areWhatexactly is a capital gainHow do we define itHow do we distinguish it fromother types of gains or lossesDoes it make sense (or is it a good tax policyto separate these types ofgains or losses from other types of gains or lossesWhy or why not?

The reason why we have to consider a taxpayer's basis under the Tax Code is the concept of therecovery of capitalWhatexactlyis this conceptHow does subtracting a taxpayer's basis from theamount realized in a property transaction ensure that these concerns are metDoes this seem like anappropriate thing to doWhy or why not?

Need about 150-200 words for each response.


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