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.

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
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Chapter1: An Introduction To Taxation And Understanding The Federal Tax Law
Section: Chapter Questions
Problem 34DQ
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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.
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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