Is tax different for short and long trades?

[Aureliosat]

I am fairly new to trading. I would like to know how does taxation differ(if it does) for short and long term trades.
Any pointers will be helpful.

[AvianeN]

Ordinary income rate

Long-term capital gain rate
Short-term capital gain rate


10%
0%
10%


15%
0%
15%


25%
15%
25%


28%
15%
28%


33%
15%
33%



35%
15%
35%

[Avtvivzt]

My accountant told me that here in NC they is no short or long. Suggest you check with an c.p.a. or etc?

[BartDugdal]

He's talking about short term vs long term. Not being short or long. To get the discount you must have held the shares for more than a year or pay the usually rate on the far right.

[Barbarautils]

While the federal government and many states tax capital gains that have been held for a longer time at a lower rate, North Carolina makes no differentiation between a long-term capital gain -- an asset held for more than a year -- and a short-term capital gain, an asset held for less than a year. As of the time of publication, your gains are taxed at 7.75 percent, which is the ninth highest rate in the nation and the highest rate in the South.