Not sure where you got 32% income tax. Short term capital gains are taxed as ordinary income. It could be 32%, depending on your total income and filing status, but it could be anywhere from 10% to 37%. You will also pay state income tax between zero and 13% depending on your state and your total income. You could also pay 3.8% net investment income tax depending on your total income.
Tax brackets
https://taxfoundation.org/2021-tax-brackets/
Net investment tax
https://www.irs.gov/individuals/net-investment-income-tax
