/biz/ - Business & Finance

>>25521032
>then he's liable for 0.15 * $200,000 (because those were all short-term options trades) = $30,000 of capital gains tax
Short term capital gains are taxed as ordinary income, which means he adds that into whatever his regular income is. He doesn't pay a special reduced rate like he does with long-term capital gains. So if he really made 200k in profit, he owes way fucking more than 30k in taxes.