I'm not a tax lawyer, but 20% is the long-term capital gains rate for earnings greater than $400k or so - https://www.nerdwallet.com/blog/taxes/capital-gains-ta

I'm not a tax lawyer, but 20% is the long-term capital gains rate for earnings greater than $400k or so - https://www.nerdwallet.com/blog/taxes/capital-gains-tax-rates/ https://www.nerdwallet.com/blog/taxes/capital-gains-tax-rate... That page also calls out a "net investment income tax" that sounds like it would add an additional 3.8% on such large capital gains.