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?

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The biggest difference between the taxation of ordinary income and capital gains lies in how they are taxed and the applicable tax rates Ordinary Income Ordinary income includes wages salaries tips co... View the full answer