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Did anyone just see the exhange with Geithner and the lady grilling him about the transaction tax, I caught the end of it, but she sounded like she was totally against it and how innnappropriate any tax would be on transactions or even fees. She asked Geithner a few times about it, and he said...

Also make sure you write your reps where it really counts. Like I said yesterday it helps. Atleast we might get a glimpse on their position. My rep I wrote to a while back a denocratic senator in NC emailed me back or mayber her aide did. Either way she said she was against the transaction tax...

That would be about 87k in taxes!

Now that part about the first 100,000 dollars annually would suck thats bacially useless for us and for most. So we shall see what the bill entails when we see it.

Yeah drukes thats what I was getting at, I stated 95k just as a means to be under the taxable limit. Your right though, we dont want to figure out ways around this, we just dont want this at all!

If there is some way around it you better beleive the brokers will think of something!

Yes and luckliy so far we have some friends in the senate, if you did notice the latest article I posted it only had 7 co sponsers for the tax that we are discussing, - no tax on 100k or less and .02 for futures and .25 for forex. Only 7 in the house and the house is pretty big. Also in the...

I hear ya drukes but if there is a way around it and u need to trade 900 share over and over then we have to. Forex can be an option since so far it wasnt mentioned this time around. I dont think it will ever be a zero chance, much closer if the republicans ever control the congress or Potus...

I agree but what scares me a bit is more and more are wanting it on an international level, sure there are some countries against it but who knows maybe they are just siding with us. If all countries did it and we took the lead other countries would have no problem doing it becuase they would...

I am sure they wont tell us that or how to get around it. I was thinking I would just go into every trade with 95k of a position each time. They didnt specify anything other then 100,000 dollar transaction, which means go in and out with 95k all day long 950 shares on a 100 dollar stock back and...

I agree on the equities liquidity drying up but not as much with the futures if its 40$a round turn, still tradable, But equities I cant seem to think you can trade them at that point. If they dont tax currencies , it wasnt mentioned this time but it was in the past, traders might flow there.

Well it seems to be 250 bucks each side so a round turn 500$ on a 100,000 dollar trade in equities, and 40 dollars a round turn in futures per 100k used. Thats a big difference, this time curriencies were not mentioned this time.

A little more indepth on the last article here it is: http://www.bloomberg.com/apps/news?pid=20601103&sid=aX8CA2eqhWn4

He is queer! I hate that dam smirk

I think the 29 was for the bill with the tax on oil futures and options, the original bill status still says 13 co sponsors

Thanks good find Billy Thunder!

Rangel is the main person for this , since he is the chairman of the committee that can pass this tax or not, House ways and means are the ones that can pass tax legislation like this. So thats who we want behind it. Frank always used the international harmony to downplay it. He knows there are...

The bill still looks like crap. Doesnt protect 401k, IRA'S , insurance polices etc. All these detaols make the bill sound worse then eht first. Say basicall 100k, so there limiting customers to 1 or 2 trades a years? This is pretty ridiculous , I dont think its got to much of a shot.

I agree we need to stop it here as well. A lot of countries have been talking about it but nevertheless there are plenty who would not mind being the financial hub , the Swiss are one who do not favor this, Sweden etc so there could be some new and safe places for our capital to flee.

So whether or not you think writing your senator helps, if it does great, if anything atleast we might get to know the position of the senator. I emailed Kay Hagan ( D N.C.)about a month or so ago, and she got back to me today. I was respectful when I emailed her, even though I didnt vote for...