id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ftr-488	Halperin, David	Valuing Personal Consumption: Cost Versus Value and the Impact of Insurance	2022	50	.pdf	application/pdf	24822	1290	63	This article explores the answer to that question as well as whether recoveries, from insurance or otherwise, should be taxable, if such losses are disallowed. 19921 Florida Tax Review to an unusually high cost of repair.8 Further, while at one time casualty losses were deductible in full, such losses now can be deducted only to the extent that they are truly extraordinary in that losses for the year exceed 10% of adjusted gross income.9 This article analyzes whether these results are correct as a matter of principle or merely-as Simons suggests-a concession to reality?'0 A related question that this article also considers is whether insurance and tort recoveries that compensate for a loss related to a consumption item should be taxable.	cache/ftr-488.pdf	txt/ftr-488.txt