Transaction Tax

Discussion in 'Wall St. News' started by VinMan, Jun 29, 2010.

  1. VinMan


    I'm a bit confused on this proposed new tax and who it will effect.

    If one is a "client" of a retail brokerage firm and chooses to buy 1000 shares of a $10 stock would that client be taxed $250 above and beyond commissions or is this tax targeting prop traders that trade on a payout?
  2. Midas