Essentially:
Buys at $10,000.
Sells at $20,000 one year and one day later.
Tax is halved (thus 50%), so on $10,000 profit, you are taxed at $5,000.
Roughly speaking, and without getting into bracket creep and other tax terminology, you are taxed $2,500 on your overall $10,000 profit, right? 50% of the $5,000.
Essentially: Buys at $10,000. Sells at $20,000 one year and one...
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