Is the U.S. federal tax system for individuals progressive or regressive? Regressive Progressive You bought 1,000 shares of Tund Corp. stock for $60.59 per share and sold it for $82.35 per share after a few years. How will your gain or loss be treated when you file your taxes? As a capital gain taxed at the long-term tax rate As a capital gain taxed at the current ordinary-income tax rate Depreciation expenses directly affect a company's taxable income. An increase in depreciation expense will lead to a will tax deducted from a company's earnings, thus leading to a According to a tax law established in 1969, taxpayers must pay the The applicable tax rate for S corporations is based on the: taxable income. It of the Alternative Minimum Tax (AMT) or regular tax. Stockholders' individual tax rates Corporate tax rate