>If you hold for less than a year it's income But it's the profits specifically that are taxed as income, not the whole sale value, right? If I buy and sell on

>If you hold for less than a year it's income But it's the profits specifically that are taxed as income, not the whole sale value, right? If I buy and sell one Bitcoin a hundred times in a day and make $1 of profit in total, is the tax is a percentage of $1 or a percentage of 100 times the bitcoin price?