Maybe you don't trade for a living or are a shit trader, but this impacts all profitable traders that make this a career and have invested so much time in learning the process.
My cost basis and proceeds was high 9 digits. I had a lot of losing trades but had a net gain. The ftt would tax despite profit or loss at .0X% so yes, I would get wiped out
I can stop trading, but if they do it retroactively, my million dollar roth ira will be wiped out. Lately i've been buying in with 1.4 mill at a time and holding for 20 min or so. I make around 500 trades a day
The democraps have control of everything now. I make a ton of trades a day. To put this in perspective, I made several mill last year, but if the FTT passes, I will owe money and declare bankrupcty. Is there a chance that this will pass since Kamala is pushing it and with the democraps have the...