Jeff able is a partner in the willing and able partnership. on june 1, 2019, jeff transfers property to the partnership that has a fair market value of $60,000 and an adjusted basis to jeff of $10,000. three weeks later, the willing and able partnership transfers $40,000 cash to jeff. willing and able would not have transferred the cash to jeff if he hadn’t first transferred the property. what are the tax consequences of the transactions to jeff

sorry idk it

explanation:

c.

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.