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According to the Arthasastra,
Investment Interest Expense
The interest paid on money borrowed to purchase taxable investments, which can be deducted up to the amount of net investment income.
Stock Purchase
The act of buying shares of a corporation, thereby acquiring a portion of ownership in the company.
High-Income Taxpayers
Individuals who are in the upper brackets of the tax scale, typically subject to higher tax rates and additional taxes on investment income.
Itemized Deductions
Expenses that taxpayers can subtract from their gross income to reduce the taxable income, including payments like mortgage interest, state taxes, and charitable contributions, as specified by the IRS.
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