In What Order Are Capital Gains Subject to the 15%/20

question 1

Essay

In what order are capital gains subject to the 15%/20%, 25%, and 28% capital gains tax rates included in taxable income in the determination of the tax liability?

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Definitions:

Poll Tax

A poll tax is a fixed fee charged by governments on individuals as a precondition for the right to vote, historically used to disenfranchise minority and low-income groups.

African Americans

In the United States, a group identified by their heritage from African black racial groups.

Nonviolent Civil Disobedience

The act of protesting laws, rules, or policies through peaceful means, without using violence.

Martin Luther King, Jr.

An influential American civil rights leader known for his advocacy for racial equality and nonviolent resistance.