7. If the short-term capital gains tax rate was equal to the long-term capital gains tax rate, there would be no tax benefit from holding stocks over long periods of time. e. If a tax payer is in the 25% marginal tax bracket, all of his or her taxable income is taxed at a rate of 25%. f. The mortgage interest deduction makes mortgage financing less expensive than it otherwise would be. g. If a tax payer has any itemizable deductions, he or she should always forego the standard deduction and itemize his or her deductions