Realized, long-term capital gains that reflect inflation are currently exempt from taxation.
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Q9: Tax preferences:
A)are exclusions, exemptions, and deductions from
Q10: Tax credits vary with a person's marginal
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Q12: The tax base under the personal income
Q13: A tax deduction allowed for an activity
Q15: Tax preferences are really subsidies to certain
Q16: Taxable income in the United States includes
Q17: The U.S.personal income tax is not a
Q18: Income-in-kind is not considered a tax preference.
Q19: The value of a personal exemption to
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