What is the advantage of capital gains treatment of income compared to expensing?  Explain using natural resources as an example.  a. Why are capital gains considered as beneficial to natural resources stewardship and development? b. Explain how the calculation of taxes owed would be calculated.

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Chapter31: The Impacts Of Government Borrowing
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What is the advantage of capital gains treatment of income compared to expensing?  Explain using natural resources as an example. 

a. Why are capital gains considered as beneficial to natural resources stewardship and development?

b. Explain how the calculation of taxes owed would be calculated.

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