Science of Investing 2 Flashcards
1
Q
You pay taxes on capital gains only after you sell the stock.
A
TRUE
2
Q
For most people, their marginal tax rate is lower than their average tax rate.
A
FALSE
3
Q
Tax rate on income from investments is higher than the tax rate on income from labor.
A
FALSE
4
Q
The odds of getting audited are higher if you have been audited in the past.
A
TRUE
5
Q
Hungary has the highest value-added tax rate in Europe.
A
TRUE
6
Q
Excise tax on gasoline is over 6 times higher in the Netherlands than in the United States.
A
TRUE
7
Q
Taxes are collected on a pay-as-you-go basis.
A
TRUE
8
Q
Capital gains tax rate depends on your income.
A
TRUE
9
Q
A regressive tax is the one that increases as you make more income.
A
FALSE
10
Q
Roth IRA allow taxes to be paid on contributions and never again.
A
TRUE
