In 2000, Oracle chairman Lawrence J. Ellison received ($ 8,360) from the company for personal fitness expenses.

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In 2000, Oracle chairman Lawrence J. Ellison received \(\$ 8,360\) from the company for "personal fitness expenses." According to the Haig-Simons definition of income, how should this benefit be treated for tax purposes? What difficulty do you see in devising a consistent system for determining whether such benefits should be taxable?

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Public Finance

ISBN: 9780073511283

8th Edition

Authors: Harvey Rosen, Ted Gayer

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