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Since the words of the amendment is clearly meant to restrict the jurisdiction from the courts, its not immediately clear why the courts emphasize words “all income” and disregard the derivation in the entire phrase to interpret this section – except to reach a desired political lead to. 
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Not all areas have DSL, although changing very quickly. Canadian investors are subject to tax on 50% of capital gains received from investment and allowed to deduct 50% of capital losses. In U.S. the tax rate on eligible dividends and long term capital gains is 0% for those who are in the 10% and 15% income tax brackets in 2008, 2009, and last year. Other will pay will be taxed at the taxpayer’s ordinary income tax rate. That generally 20%. 6) If you do invest in house, you should keep it at least two years to be qualified for what if famous as power sale omission.
It’s one on the best regulations available. Permits you to exclude until $250,000 of profit from the sale of your home in the income.
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