19. This year, David, a taxpayer in the highest tax rate bracket, has the option to purchase...

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19. This year, David, a taxpayer in the highest tax rate bracket, has the option to purchase either stock in a Fortune 500 company or qualified small business stock in his friend’s corporation. All else being equal, which of the two will he prefer from a tax perspective if he intends to hold the stock for six years? Which would he prefer if he only plans to hold the stock for two years?

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Muhammad Salman Alvi

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