问题如下:
Which of Neal’s statements regarding the taxation of investments is correct?
选项:
A.Statement 1 only
B.Statement 2 only
C.Both Statement 1 and Statement 2
解释:
A is correct.
Taxes alter the distribution of returns by both reducing the expected mean return and muting the dispersion of returns. The portion of an owner’s taxable assets that are eligible for lower tax rates and deferred capital gains tax treatment should first be allocated to the investor’s taxable accounts.
favorable tax 是什么意思呢?