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Income tax is paid on income earned from wages, interest, dividends, and royalties, while capital gains tax is paid on profits from the sale or exchange of an asset.

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A very small amount is produced from oil (under 1%). Using fossil fuels to produce electricity. Fossil fuel is burnt to boil water and turn it into steam. Algae fuel, algal biofuel, or algal oil is an alternative to liquid fossil fuels that uses algae as its source of energy-rich oils. Also, algae fuels are an alternative to commonly known biofuel sources, such 13 Disadvantages As the oxygen is present in crude oil at rather low levels, of the order of 0.5%, deoxygenation in  Crude oil is a non-renewable energy source because it takes millions of years to Another major disadvantage of burning of fossil fuels is that it releases What are some of the advantages of using nuclear fuels instead of fossil fuels?

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