Which tax is paid on earnings from selling assets such as stocks,paintings,and houses?

Question

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The tax paid on earnings from selling assets such as stocks, paintings, and houses is known as the capital gains tax. This tax is calculated on the profit generated from the sale of an asset, i.e., the difference between the sale price and the purchase price. This tax is usually lower than individual income tax rates and is considered a separate tax category.

Which Tax Is Paid on Earnings from Selling Assets Such