Tax that you pay when making a profit from selling a house is an example of:

A. Capital Gains Tax

B. Sales Tax

C. Income Tax

D. Property Tax

Tax that you pay when making a profit from selling a house is an example of: A. Capital Gains Tax

Every time you sell an asset that is not under investment category, The difference between your selling price with the initial cost when you buy that asset should be recorded as a Capital Gain.

In United states, you're inclined to pay around 28 % from the total capital gain as Capital Gain Tax

It is D.

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