Pauline acquired 100 shares of Eagle Corporation stock for $…

Pauline acquired 100 shares of Eagle Corporation stock for $10,000 on March 31, 2020. On July 2, 2025, she sells the 100 shares for $5,000.  On July 12, 2025, she purchases 100 shares of Eagle Corporation stock for $6,000. Pauline had no other capital asset transactions in 2025. What amount of loss would Pauline recognize in 2025, and what is her basis in the new shares acquired in 2025?

An average person may be willing to tradeoff living 1 day le…

An average person may be willing to tradeoff living 1 day less for $1000. There are 365 days in a year and the average person is expected to live approximately 80 years. Therefore, most people should be willing to kill themselves for $1000*80*365 = $29,200,000. Explain what is wrong with this statement.