Which event happened prior to President Lincoln signing the Pacific Railroad Act in 1862?

Asa Whitney requested the right to build a transcontinental railroad.

The answer is Asa Whitney requested the right to build a transcontinental railroad. Before the signing of pacific railroad act in 1862 by president Lincoln, Asa Whitney requested the right to build a transcontinental railroad. The railroad would link the United States from east to west.

Explanation:

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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.