Quote from DmanX:
I wonder how they would calculate the value of a futures or other derivatives trade since one is not buying or selling anything with intrinsic value?
They are better off just imposing a fee like the exchanges already do instead of a percentage tax.
I was thinking about that too.
It would suck but I could handle a 0.50 per trade tax or something like that. But a percentage based tax would kill all the profit for day and swing traders. Without a doubt.