If you hold it (your shares) more than one year. . .you move into "long term capital gains," and the rate of IRS taxation is generally less (than the short-term capital gains)!
"Google" long term capital gains. . .it'll give you the rates on bracketed amounts--profits, I think, on long term and short term. Write 'em down!! We're talking PROFITS!
(You're far better off holding stocks for more than one year, I assure you).
Yes if you hold more than a year the govt takes much less from you... Google capital gains tax calculator and you can play around and see how much they take from different earning targets.
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