id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ftr-458	Paul, Deborah L.	Another Uneasy Compromise: The Treatment of Hedging in a Realization Income Tax	2022	50	.pdf	application/pdf	24591	1187	55	That perception of unfairness may be exacerbated when such taxpayers hedge their appreciated assets without paying tax.89 For a tax system based on voluntary compliance, the percep- tion that the regime is fair is crucial. Other taxpayers that want to overcome lock in will avoid triggering gain under a new realization rule by hedging in a way that is not covered, but such hedges might involve higher transaction costs.	cache/ftr-458.pdf	txt/ftr-458.txt