$1.$ What is the biggest difference between the taxation of ordinary income and capital gains?

$2.$ What are the tax benefits related to wealth transfers? Include any limitations or thresholds in your discussion.

$3.$ According to Dr$.$ Brown, how and why do these differences in taxation for income type result in disparate outcomes for taxpayers of different races?

$4.$ According to Dr$.$ Brown, how and why do the tax benefits related to wealth transfers have disparate outcomes between taxpayers of different races?

$5.$ What is your initial response to chapter $5$: Gross income and Exclusions?

o Was there any part that you found particularly interesting or important?

o Was there any part that you did not agree with or did not understand?

o What questions do you have?

o Should income source $($e$.$g$.,$ ordinary vs$.$ capital$)$ be a consideration in the IRC? Why or why not?

o Should financial transfers to family members $($through gift or estate$)$ benefit from reduced or eliminated taxes?

$6.$ Would you make any changes to the Federal tax policy related to capital gains? If so$,$ what would you change and why?

$7.$ Would you make any changes to the Federal tax policy related to wealth transfers? If so$,$ what would you change and why?

o How would these changes help rectify the disparate outcomes by race?