The IRS also distinguishes between short-term and long-term gains. Long-term gains (more than one year) get a discounted tax rate. Short-term gains, which are

The IRS also distinguishes between short-term and long-term gains. Long-term gains (more than one year) get a discounted tax rate. Short-term gains, which are most likely speculative, are taxed as ordinary income... the same rate as winnings from gambling.