Discuss the current tax treatment of capital gains under the
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Q11. Discuss the current tax treatment of capital gains under the personal income tax. Why do some economists argue that reduction in the rate of taxation and capital gains can actually increase tax revenue collected from such gains?
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Discuss the current tax treatment of capital gains under the personal income tax. Why do some economists argue that reduction in the rate of taxation and capital gains can actually increase tax revenue collected from such gains?
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Discuss the current tax treatment of capital gains under the personal income tax. Why do some economists argue that reduction in the rate of taxation and capital gains can actually increase tax revenue collected from such gains?
All personal, long-term assets (assets held over one year) are currently taxed to the individual at a maximum tax rate of 15%, unless it is an asset that has been depreciated, which changes the tax rate to up to 2% for recapture. This in turn means that all assets held, that are sold by the taxpayer, are taxed at the appropriate rate. Assets held under one year are taxed at the short-term ...
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