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?
We have been following any and all developements on this issue here. http://www.elitetrader.com/vb/showthread.php?s=&threadid=150546