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ACCT 324 Week 7 dqs

This paper of ACCT 324 Week 7 dqs comprehends:

What is the purpose behind congress’ taxing capital gains at a rate lower than ordinary income? Will this lower tax rate help to stimulate investment spending and the economy?

What does "recapture" refer to? What is the effect of recapture? How do you treat recapture? At what rate would you tax the recapture (i.e., ordinary or capital gains)? Why?

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