12min chapter

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Oyez, Professor Epstein: The Making of a SCOTUS Amicus Brief | Libertarian: Richard Epstein | Hoover Institution

Libertarian

CHAPTER

The Importance of the Realization Requirement in Taxes

This chapter discusses the significance of the realization requirement in taxation and its role in blocking nonsensical tax claims. It covers topics such as the calculation of depreciation on assets, the impact of borrowed capital on tax calculations, and the implications of changing the realization requirement for a reliable tax system.

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