We Live in a World That Privileges the Able-Bodied and Cognitively

question 3

True/False

We live in a world that privileges the able-bodied and cognitively unimpaired.

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Definitions:

Short-term Capital Gains

Profits from the sale of an asset held for a year or less, typically taxed at higher rates than long-term capital gains.

Section 1202

A provision in the U.S. tax code offering exclusion on gains from the sale or exchange of qualified small business stock held for more than 5 years.

Preferential Rates

Tax rates lower than the standard rates, often applied to long-term capital gains and qualified dividends.

Gross Assets

The total sum of an individual's or entity's assets before any liabilities or deductions are taken into account.