Taxes On Day Trades

day trades
(Day traders) hold stocks for minutes to hours making numerous trades each day usually with a cursory understanding of the companies they trade.  These investors rely on timing and minimize risk by buying and then immediately selling.
(Day traders) come to market each day flat (no position) and leave the day flat. Their behavior is very short-term and often emotional.
Day trading refers to the practice of buying and selling financial instruments within the same trading day such that all positions are usually closed before the market close for the trading day. Traders that participate in day trading are called active traders or day traders.

taxes
A compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions
A strain or heavy demand
levy a tax on; "The State taxes alcohol heavily"; "Clothing is not taxed in our state"
(tax) set or determine the amount of (a payment such as a fine)
(tax) use to the limit; "you are taxing my patience"