Capital gains taxes have been at the center of recent political debates. The Democratic Party wants to raise capital gains taxes, arguing that doing so will help reduce the deficit and provide funding for important government programs. The Republican Party wants to lower capital gains taxes, arguing that lower taxes will encourage investment, which will in turn provide a more stable economy for both businesses and individuals.   Which side do you agree with and why, make sure to provide examples to back up your position.

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter26: Tax Practice And Ethics
Section: Chapter Questions
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Capital gains taxes have been at the center of recent political debates. The Democratic Party wants to raise capital gains taxes, arguing that doing so will help reduce the deficit and provide funding for important government programs. The Republican Party wants to lower capital gains taxes, arguing that lower taxes will encourage investment, which will in turn provide a more stable economy for both businesses and individuals.

 

Which side do you agree with and why, make sure to provide examples to back up your position.

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