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Well, it isn't a stupid question, I just know nothing about taxes. I'm a college student and usually my father does them for me.
My question concerns the short term vs. long term capital gains tax. I have less that $10,000 a year in taxable income. Is there that big of a difference between the long term and short term cap gain tax rates? I have been thinking of adopting a more active trading style, and I was wondering if it is worth it as far as additional taxes and commisions go.
Thanks.
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