Demand-side economists criticized the income taxation of capital gains because: a. it discriminated against earned income in favor of investment income. b. they believed the tax to be too high. c. they believed that capital gains should not be taxed at all. d. they believed that it should be taxed higher than earned income.
Demand-side economists criticized the income taxation of capital gains because: a. it discriminated against earned income in favor of investment income. b. they believed the tax to be too high. c. they believed that capital gains should not be taxed at all. d. they believed that it should be taxed higher than earned income.
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 4DQ: Based solely on the definitions in the chapter, is the sales tax a proportional, regressive, or...
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Transcribed Image Text:Demand-side economists criticized the income taxation of capital gains
because:
a. it discriminated against earned income in favor of investment income.
b. they believed the tax to be too high.
c. they believed that capital gains should not be taxed at all.
d. they believed that it should be taxed higher than earned income.
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