Ask us anythingA.Sales tax 5 percent charged on profits from selling stocks B.Excise tax 9 percent charged on all purchases of non-necessities C.Capital gains tax 1 tax charged on each gallon of ga?

A sales tax typically applies to the sale of goods and services, so a 5 percent sales tax on profits from selling stocks would be unusual, as profits from stock sales are generally subject to capital gains tax instead. Excise taxes are often levied on specific goods, like non-necessities, at a rate of 9 percent in your example. Capital gains tax, however, is usually based on the profit made from the sale of an asset, such as stocks or real estate, rather than a tax per gallon of gas. It’s essential to differentiate between these types of taxes, as they have different applications and rates.