It's a choice I made, I had the money in bank making interest of 1.5% then it dropped to what.4% I have been watching companies that lost or almost bankrupt from covid, i chose Hertz HTZZ and HTZZW, .by reviewing 5 year performance, they did a restructuring so symbols have changed to do a long term preformance review now, if I recall was $46 and now at $6, I remember one old timer say if you are going to make money it sometimes takes GUTS, so by the time I got my Merrill Edge account set up it was now $8.50, so I jumpped in and bought a lot of American airlines also, as of 2.5 monthes proffit is plus $220k, ........AA is going to be sold it will take 5 more years to make $5 bucks. Hertz seems to be regaining and with international air travel opening up Looks hopeful.Congrats! What stock is it and what made you decide to bet the farm?
You only need to hold the stock for 12 months for it to be taxed in the long term bracket, and yes, most people are at the 15% long term capital gains tax bracket. People with ordinary income somewhere over $400K have a 20% capital gains tax.