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https://www.coursehero.com/tutors-problems/Tax-law/29481325-Memorandum-ToAccounting-Associate-FromTax-Manager-DateMonth-xx-Yea/?justUnlocked=1 Can someone verify this answer? I don't feel like it even answers the question. Where does the 23.8% tax on capital gains come from?
https://www.coursehero.com/tutors-problems/Tax-law/29481325-Memorandum-ToAccounting-Associate-FromTax-Manager-DateMonth-xx-Yea/?justUnlocked=1
Can someone verify this answer? I don't feel like it even answers the question. Where does the 23.8% tax on capital gains come from? I thought capital gains were taxable to 50%. The answer shows the amount of tax that would be paid, but doesn't relate this specifically to income....and as the comment states, the last answer should be a loss.
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