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

You are correct aqtrader. And that makes the 27% new tax for the year obscene.

 

does anyone know when this stupid thing is suppose to be voted on?

 

Yeah this HR676 has been floating around for years but unfortunately it won't die. I don't think it has a shot of making it either but we must be careful.

The next step is to see how Obama plans to fund his healtcare reform initiative. Everything I've read regarding it points to using the rollback of the Bush taxcuts, etc. Let's hope they just leave us the hell alone

-Guru

 

Let's hope they just leave us the hell alone
Who knows but I really don't believe it.

 

The tax is bigger than your capital if you trade with it once every trading day for 1 year.

 

Great article on the tax here:

http://www.tradersmagazine.com/news/103465-1.html

-Guru

 

Nice find Guru.

 

After months of obscurity it looks like the trader tax issue is coming front and center as forces are joining together to put out the fire before it gets a flame

 

I just want to say nice side seaside. You've done a lot to keep everyone aware

 

250B US loss provision from TARP already acknowledged in Obama's new budget:

http://dealbook.blogs.nytimes.com/2009/02/26/250-billion-loss-seen-in-banking-bailout/

Got to recoup that loss from somewhere