As of 2003,the Maximum Tax Rate on Long-Term Capital Gains

question 93

Multiple Choice

As of 2003,the maximum tax rate on long-term capital gains for high-income individuals was which one of the following rates?

• A)10 percent
• B)15 percent
• C)20 percent
• D)35 percent
• E)39 percent

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Definitions:

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Information that is significant enough to influence a decision or the outcome of a legal case or transaction.

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The result of an error by one party about a material fact, that is, one that is important in the context of a particular contract.

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