Eight years ago you purchased an asset for $100,000 that has yielded a nominal capital gain of $30,000. If you sold the asset today, your inflation-adjusted capital gains would be zero due to inflation over the last eight years. The capital gains tax is 28 percent. If you sold the asset today your tax liability would be
a. zero.
b. $28,000.
c. $8,400.
d. cannot be determined without more information.
Answers: 1
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Eight years ago you purchased an asset for $100,000 that has yielded a nominal capital gain of $30,0...
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