The holding of Glenshaw Glass stands for the proposition that 1. punitive damages are not taxed because they are a windfall. 2. punitive damages are almost always taxed because they result in an increase in the taxfayer's net worth. 3. punitive damages are taxed under the all-inclusive income concept. 4. Both 2 and 3. 5. Both 1 and 2. 1 2 3 4 5