What is the difference between a capital gains tax and a property tax?
o
a. one is paid annually; the other is paid every 10 years.
o
b. one is used to provide for services; the other is used to provide for
goods.
o
c. one is paid to employers; the other is paid to the federal
government.
o
d. one is assessed on the profit made from selling an asset; the
other is assessed on the value of real estate.

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Explanation:

If it is held for more than one year, then it qualifies as a long-term capital gain or loss. Long-term capital gains are usually taxed at a lower rate. Any capital gain you make on a short-term property is taxed at your regular income tax rate.

a.

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