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11 Biggest Progressive Tax Pros and Cons

SOLVED: Understanding taxesIn general, is the U.S. federal tax system progressive or regressive?ProgressiveRegressiveYou bought 1,000 shares of Tund Corp. stock for 68.12 per share and sold it for90.03 per share after a few years.How will your gain or loss be treated when you file your taxes?As a capital gain taxed at the long-term tax rateAs a capital gain taxed at the current ordinary-income tax rateDepreciation expenses directly affect a company's taxable income. An increase in depreciation e