Building Wealth With Dividend Growth Stocks by Derrick C. Thomas - HTML preview

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– What is Short–Term Capital –
Gains Tax?

Short–term capital gains tax is a tax on profits from the sale of an asset held for one year or less. The holding period begins ticking from the day after you acquire the asset, up to and including the day you sell it. The short–term capital gains tax rate equals your ordinary income tax rate, within your tax bracket.

For 2020, the ordinary tax rates range from 10% to 37%, depending on your income and filing status.