"two things that are certain in this world: tax and death" one still pays tax on one's coffin tax to death
It is a sad day when the bill to "tax" additional trading rev. I think the writting is on the wall for most Traders and well, most will probably fall to the way side on the Retail end, if this is passed. Of course, those who are successful at trading will just have to pay the tax, if its passed. It will kill volume persa but then again, INDU @ 6000 is going to do the same thing. Guy's like me will be wacked over the head on AMT TAX im sure. 2010 is the year that anyone in the top tax % is going to get served a huge fucking "FUCK YOU" from the Liberal left. Well, I'm stacking my chips fast. If the taxes do not come, then that will just be more money in my pocket. However, I like many, see the writting on the wall for the next 4 years. Thank you to all you F)*(*) ass clowns on ET and in our country who cried and swore Obama was "Jesus". The majority of American's are gona get what they wished for. Funny thing, most of those who voted for the idiot in office, are going to be far worse off than people in my position. They just have yet to wake up to that fact.
let's hope this turkey bill doesn't make it out of committee and doesn't get legislated... it would effectively kill daytrading and most swing trading as we know it. boy am I glad the socialists are in control now, it means "death by higher taxes" for at least the next 4 years.
Each day that goes by Obama is destroying my desire to work. Why should I work and improve my economic situation if it's just going to be taken from me to pay the mortgages for those who were stupid enough to buy a McMansion when all they could afford was a shed? Why in the hell would I want to kick myself up to the next tax bracket? Why would I want to employ someone? Why would I want to grow my business? The answer is real simple -- I wouldn't and I won't. I'd rather make less and qualify for help. It's super fucking tempting to just stop paying my bills and put my hand out. Shit, free health care is on the way and Joe Investor is going to pay for it. What else do I need? A part-time job just so I can put gas in the car. 20 hours per week should do it. Thanks Obama!
Guys are you mathematically challenged or what??? It would add approximately $200 round turn to the cost of trading A SINGLE Emini S&P contract. Emini S&P @ 800.00 x 50/pt = $40,000 x .25 = $100.00 per side. If you trade 10 lots, you pay $2000 for a round trip!
Unfortunately, he is right. Go study history. It's funny, those who cite "conspiracy theorist" are the ones on the lowest rung on the education ladder. Go pick up a book and start studying governments, economics, money, and history.
10 enacted out of 180 introduced. That equates to about 5.5% odds of it happening. Spinning one of the green zeros (0/00) on a roulette wheel has approximately the same odds. Be careful, shit happens. +-*/ Math_Wiz