If the "Trading Tax" is Passed

Discussion in 'Trading' started by illinimatt81, Jan 13, 2009.

  1. Obama is from Chicago. He will not do anything to harm CME. We are safe for now.
     
    #11     Jan 13, 2009
  2. Short InteractiveBrokers
     
    #12     Jan 13, 2009
  3. Trade Forex!
     
    #13     Jan 13, 2009
  4. Would anyone consider moving overseas altogether?
     
    #14     Jan 13, 2009
  5. The CBOE too........Hillary is from Illinois and "New York". The NYSE would be safe too. :cool:
     
    #15     Jan 13, 2009
  6. whatthe

    whatthe

    How exactly will a trade tax make stocks go up?
     
    #16     Jan 13, 2009
  7. Dan Rostenkowski from Chicago was the one to fix the 60/40 tax split to help CME and CBOT. They will be dead by now without it.

    There are tons of money given. I don't see it passing. We are talking big mula here.
     
    #17     Jan 13, 2009
  8. The threat of a trading tax will become an annual "shakedown" of the industry by lobbyists and politicians for atleast the next four years. :mad:
     
    #18     Jan 13, 2009
  9. KCBOT too......Claire McCaskill is from Missouri.
     
    #19     Jan 13, 2009
  10. I'm not going to loose any sleep over this. I'm not expecting such a tax to be implemented. But if it was, I would expect it to be levied on U.S. taxpapers based on global trading. That is, trading overseas wouldn't help. No different than interest and dividends earned on foreign investments. The U.S. taxes it's citizens based on their global income/activity.
     
    #20     Jan 13, 2009