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I am taking a tax class this semester with an emphasis in accounting. I need help in answering my discussion question for this week, the

I am taking a tax class this semester with an emphasis in accounting. I need help in answering my discussion question for this week, the chapter that we are covering is titled Investments.

The question is:

Why are interest and dividends taxed at different rates? What is the philosophy behind taxing dividends at a lower rate? Should dividends be tax free distributions? Why or why not?

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