Well, it would be really messed up to pay a tax on the notional value of a derivative in the USA. Just makes no sense. I thought the democrats wanted to tax the rich, who make money, not also the poor who lose money.
the proposal is .002 which is $800. What don't you read? "As a partial way to pay for the plan, Harris wrote she would "tax Wall Street stock trades at 0.2%" Now comes the dead silence.
Like Trump says, the Democrats are evil. They will tax anything that moves. Good reason to vote for Trump this November. Keep that little commie Kamala out of the White House!
Lmao, you clearly think a lot of yourself. I assumed you were talking about the 0.002% since i and Overnight where just talking about it. So yeah, i mixed it up, sorry not sorry. No need to be so grumpy, what happend, the wife wasn't interested when you wanted to get laid?
The Dems have teamed up with BLM (Marxist org) and Antifa. I’d say a FTT is not far behind. Also not far ahead of full on Neo-Marxism.
I've been trading futures professionally for over a decade. This would almost put me out of business. For those that can't do math, 3366 (current value) x 50 = $168k notional. 168,000 x .002 percent....and for those that need calculator help, .002 percent is put into a calculator as .00002 x 168000 = $3.36 each side, assume $4 commission, equals a total of $10.73 per round trip per contract. A contract like the ES, most pros are beating it by 1,2, or 3 ticks at most per trade on average after tallying up profits and dividing by number of trades. So, when trading ES, you start 1 tick in the hole with spread. Now, you will be starting 2 ticks in the hole. You are being handicapped an extra tick. This is unsustainable for all except the swing traders. Scalping for 2-6 points is done. You will need to look for 15-20+ points to make it worthwhile.