Which of the Following Is a Tip from Retirement Specialists

question 109

Multiple Choice

Which of the following is a tip from retirement specialists on how to uncover hidden taxes and other costs of a retirement area?

• A)Contact the local Chamber of Commerce to get an economic profile.
• B)Contact the state's tax department to find out state income, sales, and inheritance taxes.
• C)Call a local CPA to find out which taxes are rising.
• D)Rent for a while instead of buying immediately.
• E)Retirement specialists recommend all of these actions to uncover hidden taxes and costs.

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Definitions:

Discretionary Policies

Economic strategies, involving government spending and taxation, that are implemented at the discretion of the government to manage economic fluctuations.

Monetarist Economists

Economists who believe that variations in the money supply have major influences on national output in the short run and the price level over longer periods.

Phillips Curve

Curve showing inverse relationship between the unemployment rate and the rate of inflation.

Laffer Curve

Shows that at very high tax rates, very few people will work and pay taxes; therefore government revenue will rise as tax rates are lowered.