As a political consultant for an aspiring politician, you have been hired to evaluate the following statements that pertain to capital gains and losses. Evaluate the statement and provide at least a one-paragraph explanation of each statement. As you prepare your answer, consider the fact that the aspiring politician does not have much knowledge about taxation.
a. The tax on capital gains is considered a voluntary tax.
b. High-income taxpayers receive the most benefit from preferential treatment for capital gains.