Explain capital gains.
What will be an ideal response?
If a citizen invests in stocks, bonds, a piece of land, or whatever--with the notable exception of houses--and later sells it at a profit, he or she has received a capital gain that is subject to tax.
You might also like to view...
Government officials in Texas suspect that a few interest groups are working for their own personal interests rather than the welfare of the society. Explain how the concerned government body can regulate the workings of the interest groups
What will be an ideal response?
The Bill of Rights was drafted by a. Thomas Jefferson. b. John Adams
c. James Madison. d. Warren Berger.
All groups combine people and their choices in various collectivities and thereby aggregate the _____ of each group
a. actors b. states c. power d. tribes
Members of the Constitutional Court are appointed by the
a. chancellor. b. Bundestag. c. Bundesrat. d. both the Bundestag and Bundesrat. e. cabinet.