Tax on Trades Should Be Part of Rescue Plan, Some Democrats Say

well, if they mean with 0,25% the whole worth of a futures contract, then yes, it's alot. a $5 roundturn is less then 0,01% of a future contract worth $70000

a 0.25% tax will make roundturn 25x more expensive, making it around $125. That would probably kill futures daytrading.

 

and they'll make it retroactive for 10 years

 

I agree, I trade some markets outside the US but the UK isnt even on my radar due to the tax.

 

china cuts taxes on stock trading but america imposes it, this is like a communist CUNTry

 

Tax his land, tax his wage,
Tax his bed in which he lays.
Tax his tractor, tax his mule,
Teach him taxes is the rule.



Tax his cow, tax his goat,
Tax his pants, tax his coat.
Tax his ties, tax his shirts,
Tax his work, tax his dirt.



Tax his tobacco, tax his drink,
Tax him if he tries to think.
Tax his booze, tax his beers,
If he cries, tax his tears.



Tax his bills, tax his gas,
Tax his notes, tax his cash.
Tax him good and let him know
That after taxes, he has no dough.



If he hollers, tax him more,
Tax him until he's good and sore.
Tax his coffin, tax his grave,
Tax the sod in which he lays.



Put these words upon his tomb,
"Taxes drove me to my doom!"
And when he's gone, we won't relax,
We'll still be after the inheritance TAX

 

Great idea. Send it to anyone you know in the financial industry.

 

THanks.

I'm gonna write that Son of Bitch

 

How dare they ask the financial industry to pay for a portion of the bailout of the financial industry. A bailout caused by the recklessness of the financial industry. I'm outraged.

The burden of this bailout should not fall on any portion of the financial industry but rather fall entirely on middle America.

 

Ummm, certainly the retail brokerages and the exchanges had nothing to do with the current fiasco. So I think your argument is pretty dumb.

 

If US does this, then rest of the world will follow. why not? it's free money for the gov't...hooray!!!