Green on the 1/4% Trading Tax

Discussion in 'Trading' started by ProfitTakgFool, Jan 14, 2009.

  1. Except that this tax was a part of the orignial TARP program which didn't pass fortunately. That's the biggest reason why you should worry.
     
    #31     Jan 18, 2009
  2. Introduced Sep 26, 2008
    Reported by Committee (did not occur)
    Voted on in House (did not occur)
    Voted on in Senate (did not occur)
    Signed by President (did not occur

    The bill was introduced but didnt make it far as you can see so cannot worry about things like that. One of the supporters was Kucinich, he is a whackjob as it is. So It was introduced and then didnt make it the rest of the way.
     
    #32     Jan 18, 2009
  3. Yea I think you are right, it didn't really even make it to the committee.
     
    #33     Jan 18, 2009
  4. Yup didnt get anywhere, anyone can introduce a bill:) Yea it sucks to think about and worriesome if it gets farther but as of now and all I read I doubt it will come to frution. The link I posted below was from a bill I found a few years ago from the us saying it will withhold all money to the un until it makes sure the un is not engaging in any tax shcemes. It mentions airline tax among others including the tobin tax on currency transactions. So the us has a big fat no on this. and Biden is behind it as well:) Which is good since he will be in office.



    http://www.stopglobaltaxes.org/docs/s3633.pdf
     
    #34     Jan 18, 2009
  5. sogodo

    sogodo

    your advise of not worring about the tax now (because it did not happen yet) is
    similar to suggestion to set up stoploss only AFTER the loss already occurred.

    it's like buying a gun after you're already killed.

    negating the preventive measures is mother of all vices, IMHO

    it does not matter that the probability in this particular time frame is less than 50%. it can jump up momentarily, as per Black Swan principle.

    stay alert! give them to know before it's too late. you could never underestimate the stupidity, that's why common sense does not work.

    :)

     
    #35     Jan 23, 2009
  6. sogodo

    sogodo

    Brett Steenbarger
    The Proposed Securities Transaction Tax: Punishing the Wrong Group

    there is a petition that can be sent for free to Congressional representative:
    http://www.rallycongress.com/no2tradertax/

    An online mechanism (https://writerep.house.gov/writerep/welcome.shtml) for writing your Congressional representative about this and other bills

    shout out to Forex Factory (http://www.forexfactory.com/news.php?do=news&id=153697) for pointing that out and highlighting the issue

    src: http://traderfeed.blogspot.com/2009/02/proposed-securities-transaction-tax.html

     
    #36     Feb 20, 2009
  7. sogodo

    sogodo

    !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    send/sign petition:
    http://www.rallycongress.com/no2tradertax/1536/
    !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


    !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    forward to friend/trader/etc:
    http://www.rallycongress.com/no2tradertax/forward/1536/
    !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

     
    #37     Feb 20, 2009
  8. abxs

    abxs