Explore BrainMass

Explore BrainMass

    Tax Code for capital gain

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Explain Tax capital gain, and how it impacts an individuals (or businesses) tax liability. Do you think it is OK or if it needs to be fixed.

    © BrainMass Inc. brainmass.com June 4, 2020, 1:57 am ad1c9bdddf

    Solution Preview

    Explain Tax capital gain, how it impacts an individual's (or businesses) tax liability, and if you think it is OK or if it needs to be fixed.

    It is OK and does not need to be fixed. The reason is that long term capital gains are taxed at a lower rate than normal income to encourage the tax payers to invest more in capital ...

    Solution Summary

    This explanation provides you a comprehensive argument relating to Tax Code for capital gain.