Ken Fisher’s Fiscal Quiz
8 Questions
| Total Attempts: 263
Questions and Answers
- 1.Which of the following are three tax changes associated with the “Fiscal Cliff”?
- A.
Alternative Minimum Tax (AMT) patch expiry, corporate tax rates increase and national sales tax enacted.
- B.
Income taxes revert to pre-2003 rates, AMT patch expiry and Affordable Care Act taxes on passive income.
- C.
Affordable Care Act taxes on passive income, corporate tax rates increase and capital gains taxes increase.
- D.
Income taxes revert to pre-1953 rates, qualified dividends no longer receive special treatment and payroll tax cut expiration.
- 2.What rate is the top bracket paying today?
- A.
39.6%
- B.
25%
- C.
28%
- D.
35%
- 3.In 2014, how many Democratic senators are up for re-election in states that have tended to vote Republican?
- A.
9
- B.
4
- C.
17
- D.
128
- 4.Should the US go off the Fiscal Cliff, how much is total government spending projected to decrease in calendar year 2013?
- A.
$9 Billion
- B.
$1.2 Trillion
- C.
$600 Billion
- D.
$451.3 Billion
- 5.How many times has Congress raised the debt ceiling since 1917?
- A.
34
- B.
7
- C.
105
- D.
1,413
- 6.
![Should no changes to the Fiscal Cliff occur, what income tax rate would the highest tax bracket (all tax filers earning over $390,050) be subject to on 1/1/2013? - ProProfs]( "Should no changes to the Fiscal Cliff occur, what income tax rate would the highest tax bracket (all tax filers earning over $390,050) be subject to on 1/1/2013?")
Should no changes to the Fiscal Cliff occur, what income tax rate would the highest tax bracket (all tax filers earning over $390,050) be subject to on 1/1/2013?- A.
91%
- B.
28%
- C.
35%
- D.
39.6%
- 7.True or false: Since 1926, tax hikes have been proven to have caused multiple bear markets.
- A.
True
- B.
False
- 8.
![True or false: Spending cuts helped drive or deepen the sharp and severe economic contraction from 1929-1933 during Herbert Hoover’s presidency.
- ProProfs]( "True or false: Spending cuts helped drive or deepen the sharp and severe economic contraction from 1929-1933 during Herbert Hoover’s presidency.")
True or false: Spending cuts helped drive or deepen the sharp and severe economic contraction from 1929-1933 during Herbert Hoover’s presidency.- A.
True
- B.
False
.png "Should no changes to the Fiscal Cliff occur, what income tax rate would the highest tax bracket (all tax filers earning over $390,050) be subject to on 1/1/2013?")
.png "True or false: Spending cuts helped drive or deepen the sharp and severe economic contraction from 1929-1933 during Herbert Hoover’s presidency.")
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