Recent content by spunkmeyer

Futures Traders Here is a copy of the bill introduced this month. All of those writing that futures contracts will be taxed at .25% are wrong. The tax would be .02% if passed. That is a significant difference. Again I am not for the tax at all. Iam just trying to correct some...

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Don't get me wrong guys, I am not for the tax at all. Right now the Defazio bill is [u]the bill[u] right now and probably be the House bill which generally is the more liberal tax bill. A Senate bill, which is generally more moderate will also come out. Also Defazio's bill if I am not...

FF according to DeFazio's own website the tax on futures contracts is .02% http://www.defazio.house.gov/index.php?option=content&task=view&id=532 The legislation assesses a small securities transaction tax on Wall Street. A securities transaction tax is applied to: •Stock...

Well first let's look at this from our perspective. I am a scalper of emini sp500 futures. If the tax proposal is enacted as it stands now, the individual scalper like myself and many others would be driven out of the market. I don't know how much revenue the CME gets from the emini index...

This is how I see it. It will be tough to pass in the near future for the reasons IMHO. You have a president from Chicago ( ie CME, CBOE etc...) who is opposed to it. The SEc of Treas is opposed to it and even if Geithner is replaced, the new SOT will be someone like Jamie Dimon who is...