Transaction Tax Bill has now been introduced

Discussion in 'Trading' started by Bullet, Feb 18, 2009.

  1. Not too worried about it passing by itself. The problem lies if someone tries to stealth pass it, wrapped in the confines of a much larger bill.
    #11     Feb 18, 2009
  2. I don't see anything in the proposed bill about exemptions.
    #12     Feb 18, 2009
  3. this is disaster, we will jsut beg for a living then:D
    #13     Feb 18, 2009
  4. Aren't the Brits paying some kind of transaction tax already (stamp tax? stamp duty? or something like that)
    #14     Feb 18, 2009
  5. Yeah but they have easy and legal ways to get around it
    #15     Feb 18, 2009
  6. they use CFD's to get aroudn it but the comissions are atrocious:D
    #16     Feb 18, 2009
  7. tradersboredom

    tradersboredom Guest

    this bill is to remove blackboxes who pay almost nothing for shares.

    each bid and ask will be real traders/investors. not fake b.s. games.

    #17     Feb 18, 2009
  8. This is especially true given that most Democrats do not
    read the bills they sign.
    #18     Feb 18, 2009
  9. tradersboredom

    tradersboredom Guest

    .25% $100,000 transaction is $250 fee.

    you must be serious investor to buy or sell $100,000 worth of shares.

    #19     Feb 18, 2009

    They will more than likely try to sneek it in on something else.

    The current estimate is that "ONE" eMini S&P contact traded at approximately 800 will incur a tax of $200.
    #20     Feb 18, 2009