There is no special tax rate for short term capital gains. They are taxed at the same rate as your ordinary income. Ordinary income tax rates range from 10% to 39.6%
If you can hold your hold your assets for more than a year, you will qualify for long term capital gains rate which are 0%,15%,20% for most taxpayers.
Assuming your filing status is single, the following are the tax brackets ( this varies by filing status -married filing jointly/head of household etc.)
Income level of $0- $9,325 and 10% tax bracket
Your short term gains are 10% same as ordinary income, no long term capital gains tax-0%
Income level of $9,326 and 37,950 and 15% tax bracket
Your short term gains are 15% same as ordinary income, no long term capital gains tax -0%
***Post based on our response on quora.
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