Income earned on savings in a life insurance policy is exempt from current income taxation.
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Q3: Short-term capital gains are subject to higher
Q15: It is primarily the marginal tax rate
Q16: Estate taxes are levied against the value
Q17: The potential savings from a 401(k)plan increases
Q19: An IRA is a tax-deferred pension plan
Q21: A retirement account for the self-employed is
Q22: Examples of tax shelters for individuals include
1)interest
Q23: Examples of capital gains include sales of
1)IRA
Q24: The traditional IRA is
A) a tax-deferred retirement
Q25: Net short-term capital losses are used to
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