We can observe only a portion of the entire universe. Because the universe is only about 14 billion years old, light has only had about 14 billion years to travel through it. Therefore, the most distant regions of the universe we can see are about 14 billion light-years away. This is the extent of the observable universe, but the entire universe is probably much larger.
According to the Internal Revenue Service, any interest you receive, or that is credited to an account and is available for withdrawal, is taxable in the year you receive it. This money is included in your annual income when you file your taxes, making the tax rate on interest equal to your normal income tax rate.
Withdrawals From the Account. All withdrawals from a 403b plan are taxable. The IRS does not set a specific income tax rate for money taken out of a 403b plan. Instead, the amount of the withdrawal is simply reported as part of your taxable income for the year and taxed as any other income.For example, if you fall in the 25 percent tax bracket during the year you take out money from your 403b plan, the withdrawal is taxed at 25 percent.nstead, the amount of the withdrawal is simply reported as part of your taxable income for the year and taxed as any other income. For example, if you fall in the 25 percent tax bracket during the year you take out money from your 403b plan, the withdrawal is taxed at 25 percent.