What is the order of the “ ladder of laws?”

The Federal Constitution, Federal Law, Federal Treaty, State Constitution, State law, and Local Law. ... The central government is supreme, and the administrative divisions exercise only powers that the central government has delegated to them.

Explanation:

the answer is: must pay taxes on profits

since it is considered as a part of your income, profits from investments is eligible for tax payment.

the tax from your investment could be influenced by how long you decided to sell it. united states promotes keeping your investment for long term period. so, the tax rate for investments that you sell in less than one year is typically higher compared to investments that you sell in more than one year period.

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