A column in the Wall Street Journal asks the question: Are capital gains so different from earned

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A column in the Wall Street Journal asks the question: “Are capital gains so different from earned income that they should be taxed at a different rate?”
a. What is a capital gain?
b. In what ways are capital gains taxed differently than salary and wage income?
c. What is the economic argument for taxing capital gains differently than other income?

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Money Banking And The Financial System

ISBN: 1801

3rd Edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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