I might have misspoke. I think that is short-term

I might have misspoke. I think that is short-term gains that get taxed at regular income rate. The long-term gains are taxed at different rate than regular income/short-term gains.

This is why it's important for people to sit down with a financial advisor, or even your current CPA, and go over all these details. Most CPAs charge an hourly rate for consultations.