How much tax is taken from crypto?｜Short-term capital gains for US taxpayers from crypto held for less than a year are subject to going income tax rates, which range from . Long-term capital gains on profits from crypto held for more than a year have a 0-20% rate.10-37% based on tax bracket and income

Could you please clarify how taxes are calculated on cryptocurrency transactions? I understand that for US taxpayers, short-term capital gains from crypto held for less than a year are taxed according to the standard income tax rates. However, I'm not quite sure about the long-term capital gains. Do profits from crypto held for more than a year have a fixed tax rate of 0-20%, or does it vary based on tax brackets and individual income? Could you also provide an example or further explanation to help me understand this better?