What was the purpose of Henry Clays American System ?

The Henry Clay's American System consisted of 3 major components

Explanation:

1. Pass high taxes on imports

2. To protect American business

3. To increase revenues

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.

on this day in 1913, henry ford installs the first moving assembly line for the mass production of an entire automobile. his innovation reduced the time it took to build a car from more than 12 hours to two hours and 30 minutes.