Are unrealized foreign exchange gains and losses taxable?

Are these taxes on capital gains correct?

Filing status joint, taxable income less capital gains - $59000, Long term capital gains - $10000 Short term capital gains - $10000, tax on short term gains - $1500, tax on long term gains – 0, total federal tax - $9500 Filing status joint, taxable income less capital gains - $59001, Long term capital gains - $10000 Short term capital gains - $10000, tax on short term gains - $1500, tax on long term gains – $1500, total federal tax - $11000 I have been trying to figure out long term vs short term capital gains and losses. So can 1 dollar of ordinary income cost me $1500 in taxes?
Answer:

You are talking about dollars and federal rates. Obviously, the reference is to the United States of America. Please post the question under the proper heading so that competent persons can answer it.

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