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Regarding the tax rates applicable to ordinary income as opposed to tax rates applicable to long - term capital gains, which statement is generally correct?
Regarding the tax rates applicable to ordinary income as opposed to tax rates applicable to longterm capital gains, which statement is generally correct?
tax rates applicable to a taxpayer's ordinary income are the same as tax rates applicable to net longterm capital gains. tax rates applicable to a taxpayer's ordinary income are higher than tax rates applicable to net longterm capital gains. tax rates applicable to a taxpayer's ordinary income are lower than tax rates applicable to net longterm capital gains.
None of the above
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