Home / Expert Answers / Accounting / the-tax-code-states-that-all-income-is-taxable-unless-specifically-excluded-name-two-items-of-incom-pa840

(Solved): The tax code states that all income is taxable unless specifically excluded. Name two items of incom ...



The tax code states that all income is taxable unless specifically excluded. Name two items of income that are taxed now that you believe is not equitable to the average taxpayer, and name two exclusions you believe should be eliminated. Defend your position.



We have an Answer from Expert

View Expert Answer

Expert Answer


Two items of income that are currently taxed that some taxpayers may argue are not equitable include capital gains and carried interest. Capital gains
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe