You'll be paying short term capital gains taxes on that — basically, your normal income tax rate. (thesimpledollar.com)
The rumour mills are also saying that the rate of short term capital gains tax can be increased from 15 % to as per the income tax bracket. (vipinkhandelwal.com)
Current short term capital gains tax rates are identical to earned income rates, so you will likely be in the 28 % bracket or higher. (gareia.com)