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5. U.S. Income Tax System and Haig-Simons a. (6 points) What is the general Haig-Simons definition of income? The change in one's ability to consume

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5. U.S. Income Tax System and Haig-Simons a. (6 points) What is the general Haig-Simons definition of income? The change in one's ability to consume over the year. deducted b. (4 points) What is an item that is faxed under the current U.S. tax system that violates the Haig Simons definition, explain? Mortgage Interest Charitable giving

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