what is the tax rate on short term cap gains
For tax purposes, we group capital gains into short-term and long-term holding periods. The short-term holding period is one year or less. Short-term capital gains are taxed at ordinary income tax rates, which range from 10% to 39.6% for the year 2016. The long-term holding period is more than one year. Long-term capital gains are taxed at long-term capital gains rates, which are usually less than ordinary tax rates.