If Tax Rates Will Be Higher Next Year, Taxpayers Should

question 49

True/False

If tax rates will be higher next year, taxpayers should accelerate their deductions regardless of their after-tax rate of return.

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Definitions:

Tensor Fasciae Lata

A muscle of the thigh involved in stabilizing and moving the leg, and tightens the fascia around the thigh to aid in body movements.

Gluteus Maximus

The largest and outermost of the three gluteal muscles, involved in the movement of the hip and thigh.

Gluteus Medius

A muscle located on the outer surface of the ilium, involved in the rotation and abduction of the thigh.

Ball and Socket

A type of synovial joint that allows for movement in almost any direction, found in the shoulder and hip.