Visualizing 26 U.S.C., Take 2: Capital Gains & Losses – Full Depth [Repost]
In our original Tax Week post on Title 26, we displayed every subtitle of Title 26, A through K, down to the section level. We did not, however, display the elements of the code below the section level. For example, the visualization stops at §501 and does not distinguish between §501(c)(3) and §501(c)(2). This is a function of the size of Title 26, as the full labeled image is too large to render and distribute over the Internet.
Prior to my acceptance into the Political Science PhD this Spring, I’ve been a Masters student in the Financial Engineering program here at Michigan and run a relatively popular trading blog. Thus, one section of Title 26 that I have unfortunately become quite familiar with is 26 U.S.C. Subtitle A, Chapter 1, Subchapter P: Capital Gains and Losses. We’ve chosen to highlight this section because it well represents the complexity of the code – despite only displaying a single subchapter without any Treasury Regs or SEC guidance, there are still over 1,711 citable elements in this visual.
If you look closely you can see each and every piece of this subchapter, including §1221(b)(2)(A)(ii), which defines “hedging transactions” (e.g., swaps) for the purpose of the tax code: “to manage risk of interest rate or price changes or currency fluctuations with respect to borrowings made or to be made, or ordinary obligations incurred or to be incurred, by the taxpayer”
For details on the coloring of the visual, see our previous post visualizing the Bankruptcy Code 11 U.S.C located here.
Related posts:
