Which statement best explains the importance of the age of discovery?
the age of discovery was the beginning of globalization
the age of discovery established less efficient trade routes
the age of discovery covered a very short time in history
the age of discovery explained the rise of freedom movements.

The Age of Discovery was the beginning of globalization.

Explanation:

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.