3.
What were the major effects of the Cultural Revolution?

After Mao's death and the arrest of the Gang of Four in 1976, the Cultural Revolution finally came to an end. The Cultural Revolution damaged China's economy and traditional culture, with an estimated death toll ranging from hundreds of thousands to 20 million.

Explanation:

After Mao's death and the arrest of the Gang of Four in 1976, the Cultural Revolution finally came to an end. The Cultural Revolution damaged China's economy and traditional culture, with an estimated death toll ranging from hundreds of thousands to 20 million.

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the answer is: must pay taxes on profits

since it is considered as a part of your income, profits from investments is eligible for tax payment.

the tax from your investment could be influenced by how long you decided to sell it. united states promotes keeping your investment for long term period. so, the tax rate for investments that you sell in less than one year is typically higher compared to investments that you sell in more than one year period.