Defining and Taxing Capital Assets: Review and Update
Author: Edward J. Schnee.
Source: Volume 23, Number 03, Spring 2006 , pp.246-259(14)
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Abstract:
The taxation of earned versus unearned income has varied over time. However, except for the period of 1986-1990, capital gains have received preferential treatment. Even during this period, the definition and computation of capital gains and losses were important because of the limitations placed on the deductibility of capital losses.Keywords:
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