Examlex
Learning to drive a car requires deliberate coordination of mental processes but eventually becomes nearly effortless.This is the concept of:
Net Investment Income
The income received from investment assets (like stocks, bonds, mutual funds) after deducting related expenses.
Surtax
An additional tax levied on top of the base tax liability; often applied to income exceeding a certain threshold.
Tax Rates
The percentage at which an individual or corporation is taxed, varying based on income level.
Long-term Capital Gains
Profits from the sale of an asset held for more than a year, generally taxed at a lower rate than short-term capital gains or regular income.
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