You will be given a passage, and your task is to generate a Yes/No question that is answerable based on the given passage.
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Question: In the United States of America, individuals and corporations pay U.S. federal income tax on the net total of all their capital gains. The tax rate depends on both the investor's tax bracket and the amount of time the investment was held. Short-term capital gains are taxed at the investor's ordinary income tax rate and are defined as investments held for a year or less before being sold. Long-term capital gains, on dispositions of assets held for more than one year, are taxed at a lower rate.

Answer: are long term capital gains taxed at a lower rate?


Question: Kentucky, being a border state, was among the chief places where the ``Brother against brother'' scenario was prevalent. Kentucky officially declared its neutrality at the beginning of the war, but after a failed attempt by Confederate General Leonidas Polk to take the state of Kentucky for the Confederacy, the legislature petitioned the Union Army for assistance. After early 1862 Kentucky came largely under Union control.

Answer: was kentucky part of the union in the civil war?


Question: Independence Day (Filipino: Araw ng Kasarinlan; also known as Araw ng Kalayaan, (or ``Day of Freedom'') is an annual national holiday in the Philippines observed on June 12, commemorating the independence of the Philippines from Spain.

Answer:
what is the significance of independence day in the philippines?