Tax Trivia
Politics
Advice from Warren Buffett
Time to Retire
Not From the Mint
100
Prior to 1954, income taxes were due on this date
What is March 15
100
"GAO" stands for "Government Accountability Office"; it used to stand for this
What is General Accounting Office
100
I believe in productive assets that will keep delivering output in 100 years; people will still buy products from companies like this soft drink maker of which Berkshire Hathaway owns 8.8%
What is Coca-Cola
100
Avian term for a reserve fund of money for retirement or emergencies
What is a nestegg
100
A stock certificate is an example of this, also a word before a kid's "blanket"
What is security
200
These taxes are levied on the production, sale, or consumption of items such as tobacco & gasoline
What is Excise Tax
200
Adjective for all courts that review the decision of a trial court if requested by the losing party
What is apellate
200
If you understand a particular industry, put more capital into the companies you believe in; don't bother with this strategy of putting eggs in different baskets
What is Diversification
200
To provide old-age retirement benefits & unemployment insurance, Congress passed this act on August 9, 1935
What is The social security act
200
A Visa check card is also called this card, from the left-hand side of an accounting ledger
What is a debit card
300
"No Taxation Without Representation" was the cry of Colonists opposed to this 1765 tax bill
What is The Stamp Act
300
In the U.S. Senate, this many votes are needed to end a filibuster
What is 60
300
This is the worst investment you can have, because it's worth less over time; but keep some on hand so you can sleep at night
What is Cash
300
From the Latin for "year", it's an investment or retirement fund that pays out yearly
What is an annuity
300
The U.S. Postal Service & Big Ed's Check Cashing & Corn Dog Hut both offer these to send bucks through the mail
What is a Money Order
400
Withholding taxes from one's paycheck began in this president's administration
Who is Franklin D Roosevelt
400
There might be $300 million in production at a given time in the building I'm in, the D.C. facility of this bureau
What is The bureau of engraving and printing
400
Stay away from this, the use of borrowed funds for speculation; you can't go broke if you don't owe anybody money
What is leverage
400
Your nest egg might be this type of individual retirement account named for a Delaware senator
What is a ROTH IRA
400
If you want to lend Atlanta money to fix its sewers, buy municipal these
What are Municipal Bonds
500
Many foreign governments impose this tax at each stage in the production of a good or service
What is a value added tax
500
when it comes to congress, if the U.S. population of 300 million were simply divided by 435, Nebraska, for example, would have 2.48 congressmen; so a complex formula covers this process of handing out seats
What is apportionment
500
If you're a passive investor, you're fine with this type of fund that gets its name because it tracks an aggregation, such as the S&P 500
What is an index fund
500
What the letters I.R.A. stand for
What is Individual Retirement Account
500
An agreement with a bank that it'll loan you a certain amount whenever you ask is called a line of this
What is credit
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