Question

What is the difference between a capital gains tax and a sales tax?​

Answer 1

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. However, if you can hold on to a property for more than one year, you could pay significantly less.

Step-by-step explanation:

Answer 2

Capital gains tax is a lower tax price, because it is the sales price minus the original cost. A sales tax on the other hand is a higher tax that is going to the government.

Step-by-step explanation: