Hi Tom, Investopedia begs to differ about tax rates:Short-Term Capital Gains Tax Rate Short-term capital gains are taxed as ordinary income. This means any income you receive from investments held for less than a year must be included in your taxable income for the year. If you have $60,000 in taxable income from salary and $5,000 from short-term investments, your total taxable income is $65,000. If you file as an individual, you would be in the 25% tax bracket and would owe $12,021.25 in income tax for the year (using 2015 tax tables). Of course this amount may be reduced if you qualify for certain tax deductions or credits. Long-Term Capital Gains Tax Rates The IRS taxes long-term capital gains at a substantially reduced rate as a means of encouraging individuals and businesses to keep their investments. The difference between the long-term capital gains rate, generally referred to as simply the capital gains rate, and the ordinary income tax rate, which applies to short-term gains, can be as much as 20%. Best, Allen