A group of girls stands at the counter inside of a lemonade stand. A girl presses a full lemon on a machine into a cup. the workers

add sugar and water before shaking the cup.

A group of four men talk in front of a camera. There is an animated sequence. they

continue to talk in front of the camera.

A camera pans around a group of people sitting at a table followed by a man holding a surf board. The man carries the board out onto the water and begins riding the water. the person

continues to ride around following behind another person on the water.

How to understand capital gains tax
Start at square one.
A capital gains tax is a tax on the profits from the sale of an asset. The asset could be virtually anything, such as a home, a piece of land, stocks, bonds, collectibles-even an intangible asset, like a trademark or a patent.
In this sense, capital just means money, and gains mean profit. Most people's income comes from wages, and that's mostly what ordinary income tax covers.