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Tax code country is the U.S. 8. Our Haig-Simons idea of income is in the background of the design of today's tax code. However, we

image text in transcribedTax code country is the U.S.

8. Our Haig-Simons idea of income is in the background of the design of today's tax code. However, we are not always able to adhere to its pure definition for various a. Explain how the treatment of "charitable giving" in the Federal Income Tax reasons. code satisfies or does not satisfy our Haig-Simons definition. (4 points) Explain how the treatment of "education expenses" in the Federal Income Tax code satisfies or does not satisfy our Haig-Simons definition. (4 points) b. Explain how the treatment of "capital gains" in the Federal Income Tax code satisfies or does not satisfy our Haig-Simons definition. (4 points) c. d. Explain how the treatment of "mortgage interest" in the Federal Income Tax code satisfies or does not satisfy our Haig-Simons definition. (4 points)

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