What is the difference between a capital gains tax and an income tax?
O
A. One is paid to the federal government; the other is paid to
employers.
O
B. One is used to provide for services; the other is used to provide for
goods.
O
C. One is assessed on the profit made from selling an asset; the
other is assessed on earnings from work or investments.
O
D. One is paid annually; the other is paid every 10 years.