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There are several justifications offered to justify public attorneys' defense of criminal defendants. Several of these are listed in Table 7.1 of your textbook. Which do you find most persuasive and why?
Reduction in Basis
A decrease in the tax basis of an asset, which could result from deductions such as depreciation, or after receiving tax-free returns of capital.
Self-employment Income
Income earned from conducting a business or profession as a sole proprietor, independent contractor, or freelancer, subject to self-employment tax.
Nondeductible Expense
A cost incurred by a taxpayer that cannot be deducted from income when calculating taxes owed.
Cash Distribution
The payment of earnings from a corporation or a fund to its shareholders or investors.
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