Can someone explain if I' am correct. Here is my example I have 150K of income for the tax year 2021. All of this income was realized through the sale of stocks and dividends received. Deduction is single standard.
55k of this income is from long term capital gains. 95k is from short term capital gains. Would my taxes be 15% on the longterm gains in excess of 40k and the 95k taxed as ordinary income on a tiered level?
please if anyone can help explain this to me.
