1/4% Tax on all stock trades pushed in NY Times today

Discussion in 'Taxes and Accounting' started by seasideheights, Jan 13, 2009.

  1. rc822's reply was a one timer from him. He's done a lot of great work for quite a while here.

    Crafting your best arguments on a file on your own computer & then copying & pasting them to the reader submission sections of the pro-tax articles is a great way to ensure your most persuasive points are covered. We're trying to persuade people, not emotionally inflame them.

    A reminder from post #1 of this thread: We operate in a low volume, high quality mode where posts remain professional & directly on the topic of the taxes.
     
    #5111     Jan 22, 2010
  2. rc822

    rc822



    Hey, what can I say. I just reached a point where I had to lay into one of these jerkoff liberal bastards, who thinks he knows what's best for the country on how to raise tax revenues, and destroy our livelihoods in the process. I certainly have no regrets at all for sending the e-mail, and it felt absolutely wonderful writing it. However, in the future, I will certainly refrain from expressing my true feelings at these douche bag liberals, as I wouldn't want to provide them with any additional ammo to enhance their position on this tax. So, in essence, it won't happen again.
    BTW, I appreciate your kind remarks on the work I've been able to do in here. :D
    People like yourself, listedguru, Robert Green, rsikit, benwm, etc....... have all worked much harder than myself, and it is certainly appreciated by all!!! Let's keep fighting!!!
     
    #5112     Jan 22, 2010
  3. bears21

    bears21

    agreed this talk will always be around i have heard rumblings as far back as 80s 90s early 2000s will always come up but this was the perfect storm all the stars aligned liberals in control a crisis etc. the good news is that if it wont pass now in this current enviroment the chances go down dramatically of it ever passing.
     
    #5113     Jan 22, 2010
  4. endroute

    endroute

    Wow lighten up boys and girls clearly my attempt at humor early in the morning was not very effective. Of course the right approach is to diplomatically explain to them why they are wrong.
     
    #5114     Jan 22, 2010
  5. rc822

    rc822



    Just speaking from the heart at these douche bag liberals! :D
     
    #5115     Jan 22, 2010
  6. I understand, I usually try to keep it classy and educated sounding. But sometimes these a$%h#$##% get the better of you, it hs happened to me as well. So no worries. I am fighting 2 fronts now for traders. This and now the new proposed rule by the cftc to limit margin in Forex to 10-1 from 100-1. Busy year ahead:) Something to look for is a meeting with the UK and IMF and I think some other countries but we shall see this coming Monday! So we can see what they say. We are fighting 2 fronts here we do not want any international cooperation on this and hopefully the IMF will speak on this soon since they are quoted to leaning to the US new bank taax policy. Plus we are also fighting at home on this so it is not done unilaterally either. We assume it will not be done unilaterally but with ourgovernment we never know. I am very pleased Scott Brown won the election and now have a possible filibuster as long as no repubs switch sides. Keep up the good fight everyone!
     
    #5116     Jan 22, 2010
  7. #5117     Jan 22, 2010
  8. Thanks Seaside, comment posted.
     
    #5118     Jan 22, 2010
  9. I replied too.

    Good article and here are a few updates. Your statement “Congressmen DeFazio and others in Congress are pushing” obscures the fact that Congressmen DeFazio is the founding sponsor and by far the main pusher of this harmful tax which mostly hits Main Street, including many traders and investors in Oregon too.

    The President and Secretary Geithner have been against this tax from day one – because it falls on the investor – as they had their own plans for a bank fee instead, which is targeted directly on banks and does not fall on Main Street investors. That bank fee plan was announced last week and further bank reforms – the Volcker Rule – were announced yesterday. Congressman DeFazio has been reprimanded by the President and his chief of staff for being a trouble-maker on this and related matters.

    Congressman DeFazio’s bill H.R. 4191, Let Wall Street Pay for the Restoration of Main Street Act of 2009 is no longer valid in its current form and can not be voted on in the House. Its main premise is that Wall Street has not paid back 700-billion of TARP bailout funds, and that is no longer true after the announcement of President Obama’s new bank fee plan to pay back all remaining TARP losses. So the country has chosen a better approach that is more targeted and less destructive to Main Street investors and jobs.

    There are small-business traders who live in Oregon who make a living for their families and pay taxes to their towns based on providing important market-maker functions to the markets. Their role narrows bid and ask spreads - which improves prices for all investors - and it provides important liquidity too, even during the meltdown. Farmers are in the same boat, they need to hedge their products in the markets and they screamed foul over a financial-transaction tax saying it would make hedging almost impossible to do.

    Even if Congressmen DeFazio thinks this tax won’t hurt Oregon and he doesn’t care how it hurts the rest of the country that is unfair too. If a Congressman is ready to raise significant taxes on Main Street around America, then he should be willing to raise taxes on his own Main Street too. What other taxes does Congressmen DeFazio propose rising on the fine people of Oregon? Please don’t say Not in My BackYard.
     
    #5119     Jan 22, 2010
  10. zdreg

    zdreg

    would someone please post how many shares are traded on the london exchange in a year and the amount of the stamp tax collected.

    also if possible for hong kong.
     
    #5120     Jan 22, 2010