Tax-deferred and tax-exempt accounts provides no up-front tax benefit but allows contributions and earnings to be withdrawn tax free during retirement
When deciding which sort of retirement account best suits your financial objectives, tax planning is a crucial consideration. Accounts that are tax-deferred and tax-exempt may enable you to pay as little tax as possible. Although the tax treatment of both retirement accounts varies, each can help you keep more of your money over the course of your lifetime.
You can take immediate tax deductions up to the full amount of your contribution in tax-deferred accounts. The money in your account continues to grow after that, tax-free. Your regular income tax rate will apply to any future withdrawals from the account.
Instead of offering tax reductions on donations, tax-exempt accounts offer future tax benefits. Taxes are not applied to retirement withdrawals. There is no immediate tax benefit because contributions are made with after-tax money, which means you fund the account with money you've already paid taxes on.
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Answer: True
Explanation:
The Lucas critique points out that expectation has effects on how policy affects inflation and output which makes creating beneficial policy difficult.
no matteehow much times i read this is still cant process this
Answer:
The correct answer is letter "C": Over time, the United States switches from being an exporter of a product to an importer of the product.
Explanation:
The life-cycle theory proposes that the United States boosted worldwide economic trade exporting their products. At first, the products were delivered to other world developed countries. Over time, those developed countries started to study American products to become manufacturers. This implies competition so to spend fewer costs, the developed countries took their operations to developing nations.
After some time, it is believed that those developing countries are likely to become manufacturers as well at even cheaper costs provoking that the United States begin to import products from the developing nations.
The government has antitrust laws, which increase competition and offer patents which decrease competition.