For the purpose of defining economic income, capital gains count as income only when they are realized.
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Q240: Consumption + the change in net worth
Q241: Wealth is the same as net worth.
Q242: The question "What is the best tax
Q243: Assets minus liabilities equals net worth.
Q244: A person's wealth is the total value
Q246: An income tax leads to double taxation
Q247: Horizontal equity holds that those with greater
Q248: Economic income is equal to consumption plus
Q249: All of the following statements are true
Q250: Double taxation of saving may
A) increase the
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