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Greetings, JDOyster, and welcome. You asked:

<<I thought that short-term capital gains were taxed at your marginal rate (which, for many of us, will be below the top rate of 39.6%)..>>

The 39.6% short-term capital gains rate is for those in the highest marginal tax bracket only. If you're in a lower marginal bracket, that will be the most you must pay.

<<And isn't there a 10% capital gain rate for people in the 15% tax bracket?>>

Yes, there is. In fact, if they have held the asset for longer than five years and sell it on or after January 1 of next year, the rate drops to 8%.

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