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The American Dream Is the Pursuit of Material and Personal

question 93

Essay

The American Dream is the pursuit of material and personal success and the idea that anyone can achieve such success.How does widespread belief in the American Dream and individualism actually serve to reinforce socioeconomic barriers?


Definitions:

Schedule E

A form used by taxpayers in the United States to report income and losses from rental property, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs.

Depreciation

The reduction in the value of an asset over time, due to wear and tear, age, or obsolescence.

Security Deposit

Funds provided by a tenant to a landlord at the start of a lease as protection against damage or non-payment of rent, usually refundable under certain conditions.

Rental Income

Income received from renting out property, such as real estate or personal property, which must be reported on tax returns and is subject to income tax.

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