Stock Trading and Other Things

What is the diffrence in taxes for "day trading" compared to "regular tradng"?

What is the diffrence in taxes for "day trading" compared to "regular tradng" or anyother type of trading in the US stock markets.

Public Comments

1. The tax is based off the capital gains made from the investment. Day traders, or any trader who is holding the security for less than one year, will be taxed at their ordinary income tax level. This is called the short-term capital gains tax.

Long term capital gains taxes are for investors who gain on assets held for more than one year. In 2003, this rate was reduced to 15%, and to 5% for individuals in the lowest two income tax brackets.

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