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I agree, Social Security is a Ponzi scheme. Here's an excerpt from my blog tonight on Forbes. Scrap Payroll Taxes Entirely To Increase U.S. Jobs http://www.forbes.com/sites/greatspeculations/2011/09/08/scrap-payroll-taxes-entirely-to-increase-u-s-jobs/ If Social Security is a Ponzi...

Where you impressed? I like the President's proposal for more aggressive Social Security tax cuts and think they will help. Not necessarily for many retail traders, as trading gains are generally not subject to Social Security taxes. Many business traders do pay themselves an admin fee to...

Little off the main FTT news story line, but still on track here. I covered the Jobs Tax Plan on my Forbes blog, writing it before the President's speech and updating up top afterwards. I discuss HFT and FTT at the end, saying FTT is a bad idea. My blog discusses how machines are...

Please join us to discuss the financial-transaction tax. Aug. 25 Webinar: FTT, Tax Breaks Under Threat, Inv. Mgmt & Tax Changes http://myemail.constantcontact.com/Aug--25-Webinar--FTT--Tax-Breaks-Under-Threat--Inv--Mgmt---Tax-Changes.html?soid=1101665745035&aid=VYSobxmiwes

I may work on the below content for a new blog article. Thumbed iPhone. The NYSE should cancel their merger with the Deutsche Borse. Why subject your company to unfriendly regulators and legislators who may want to severely restrict your business and threaten your profits? German...

http://m.spiegel.de/international/business/a-781590.html Negative opinion from Germany on financial markets and traders. This type of heavy bombardment softens up the field for a FTT. With PIIGS meltdown, the call for FTT becomes louder.

From: Google Alerts <googlealerts-noreply@google.com> Date: August 19, 2011 11:30:15 PM EDT Subject: Google Alert - financial transaction tax Just google above to see the latest, sorry links don't copy on iPhone. News 10 new results for financial transaction tax _ Just How Much Does A...

I added my below Comment to the WSJ article. http://online.wsj.com/article/SB10001424053111903639404576514442074736706.html Excellent analysis and writing about the FTT. I’ve written about this subject a lot and this writer captured it very well in a fairly short space. Just because...

http://online.wsj.com/article/SB10001424053111903639404576514270644127998.html EU Transaction Tax Is Criticized WSJ When in doubt and with no good solutions at hand, French and German leaders threaten a FTT - which continues to be a place holder. Post your Comments on this article. Here's...

When they have nothing concrete to say during a crisis, they just propose a FTT, which probably won't pass anyway. It's a convenient place marker.

My Forbes blog today: http://blogs.forbes.com/greatspeculations/2011/08/03/fed-should-sell-some-gold-to-prevent-run-on-the-bank/ How about the U.S. Federal Reserve sells some of its huge gold reserves? The U.S. sold off some oil from the Strategic Petroleum Reserve, in order to slow down...

Tea Party Trying To Right U.S. Fiscal Ship http://blogs.forbes.com/greatspeculations/2011/07/29/tea-party-trying-to-right-u-s-fiscal-ship/

Brazil Currency Market Sharply Weaker On Latest Forex Measures Wall Street Journal http://online.wsj.com/article/BT-CO-20110727-710334.html The measures include a 1% IOF financial transactions tax on derivatives trading, as well as authorization for an influential government panel to...

Securities ETFs are like trading stocks tax-wise. Commodities ETFs are also securities when it comes to a sale, but you may receive a K-1 at tax time with some income or loss to report. Then you need to adjust your cost basis too for the sale transaction. Learn more here Mar 23 11 - ETF...

Here's my Forbes blog version of this story. "Hey Mr. President, Traders Need Tax Breaks Too" http://blogs.forbes.com/greatspeculations/2011/07/13/hey-mr-president-traders-need-tax-breaks-too/

Just returned home from evening out in NYC. We published my blog tonight. I defend traders and counter Sorkin's NYT article with my contribution. Are lower 60/40 tax rates on futures in jeopardy? - GreenTrader Weblog http://www.greencompany.com/blog/index.php?postid=116

Thanks for your comments and help. I worked more on my blog and it's in editing now. I vigorously defend traders and defend futures tax rates from repeal. I argue that all business traders should have 60/40. I clearly show that I reach the opposite conclusion from Sorkin of the NYT. It...

Agree, tricky decision. Sorkin did not say what his opinion was when he called me and he just asked me some technical questions about 60/40, the history and future. He would have gotten the answers from someone else and run the same story. I spun it a little in our favor I think. I wrote...

JULY 11, 2011, 8:51 PM LEGAL/REGULATORY | DEALBOOK COLUMN An Addition to the List of Tax Loopholes BY ANDREW ROSS SORKIN Pablo Martinez Monsivais/Associated Press President Obama at his news briefing on Monday on the nation’s deficit. Mr. Obama has called for ending a variety of tax...

This will be edited tonight on my blog. I was just contacted by one of the most well-known and respected business reporters in print and TV media. He interviewed me about the history and potential future status of lower 60/40 tax rates. He had listened to our prior podcasts and Webinars on...