If Biden wins, is a Stock Transaction Tax likely?

I mean there is no need to pay ftt on US stocks. https://the-international-investor.com/investment-faq/paying-uk-tax-foreign-shares

 

Obama didn't have a Compliant congress, but times have changed, we are in scared easily manipulated Covid world these days, there not doing all this damage for nothing and it's never to save lives, which there not even doing.

 

sorry for the selloff boys i read here about the tax increase so i started liquidating my positions and will continue until election results so expect the market to stay down till then.

i might get back in just depends on the sentiment in this thread.

 

FTT guaranteed with a biden win and house and senate democrat. I've already started transitioning my system away from scalping in preparation.

 

No trader with common sense would vote for Democrats and horrible ftt.

 

but seriously most traders and most et members are hard core dems.

 

So what does this mean for me...i just started making money on futures contracts trading... My account is 10k and i live in ny

 

It means nothing till it happens or the odds of it happening increases substantially. Wait for election results. Pray that in this situation yogi berra is right: "it ain't over till it is over."

 

A financial transaction tax of 0.002% on futures (0.2% would be on stocks) roughly equals to 0.5 points in NQ profits.
So your costs would go up by 50%, it wouldn't be 12.9% total costs for you, but more like 18.75%.

Also, the financial transaction tax need to be paid on every transaction, profit or loss doesn't matter.

 

Do the same for stocks.
The results will shock people.