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I think a straight FTT is a horrible idea. I think a tax on canceled orders may be an OK idea in theory, but it's super complex and easily gamed by things like making market makers exempt but allowing HFT shops to become "market makers" in name only to get around it. It's arcane and complicated...

SAAS and program management with large customers, never seen an actual dollar bill in revenue. The vast majority of companies in the startup world are getting their revenue this way, even if they have consumer "customers". The only real cash companies I can think of that would be in a position...

I don't have a cash business, I have a C corp and audited financials. However my personal situation aside, I'm still curious why you think large corporations are the only ones who pay tax in America when the fact is that they provide only 10.6% of federal revenue. You're not operating under the...

That would be crazy since your max loss on a spread is defined by the difference between the strikes. On a high priced security your margin would be super high, far above 5 points, for a 5 point spread while on a lower priced security it would be much lower, regardless of the fact that in both...

I've paid a good deal of tax every year of my adult life as has my company, you? You may also be interested to learn that in 2014 only 10.6% of federal revenue came from corporate income tax, so it's hardly the case that a subset of those corporations, financial institutions and large...

This comment not aimed at you listedguru, but more generally those who hold the view that Clinton is supposedly in the pocket of Wall Street, corrupt, what was in the Goldman speeches.... then simultaneously hold the view that she would do something nearly all of Wall Street is dead set against...

Not sure what happened to your post FSU but thanks, exactly what I was looking for!

I'm comparing the SPXPM to SPXW, since they're essentially identical products. Both are Friday PM expiration, the SPXW is every Friday but the third Friday and SPXPM is the third Friday. SPX is obviously a different beast, AM expiration and only monthly. Obviously the fact that SPX expires the...

I went and looked at last month's trade confirms and I traded a bunch of '5 SPXPM, specifically 2065, 2095, 2105, and 2115. SPXPM is a pretty liquid contract, it's the Friday weekly on the third Friday (week of the AM settled SPX options), and in my past experience it's had just as much...

It appears that SPXPM is only showing 10 point increment strikes for everything except 25 and 75, i.e. they have 2100, 2110, and 2120 but not 2105, 2115.... They do have 2125 and 2175, for at least the next two months. (http://www.cboe.com/delayedquote/quotetable.aspx?ticker=SPXPM) Anyone know...

One caution with Interactive Brokers, the max margin you listed for a credit spread, while completely rational, is not what IB uses, because they're not. They actually use the current market price of the spread to determine your margin, even if it yields a loss greater than the max loss possible...

There were some great answers provided to my question a couple weeks ago on why it takes so long to determine the SPX closing price, www.elitetrader.com/et/threads/why-so-long-to-calculate-the-s-p-500-closing.303088/#post-4335280 I definitely learned a couple things from our resident experts...

Was that on withholding taxes, if you don't mind me asking simply out of curiosity?

You've gotta have a passport to go from country to country, no-one has to let you visit and when you're in someone else's country you have to follow their rules. That means if your passport is a blue one with United States on the front your worldwide income is taxed regardless of if you haven't...

Qxr1011, still gonna defend your boy as not racist, just pointing out "differences"? It's a sad world this guy lives in, if he wasn't so repulsive I'd almost feel a little bad for him.

Govt loan programs are also a huge part of the discrepancy, I just used unused debt proceeds as an example because its easier to intuitively explain. There are a whole lot of loan programs for everything from farmers to low income housing. Those loans outstanding are considered debt because we...

I've got a nice bar and rec room down there so I just may stop by for a drink later on. Not sure what that has to do with your bigoted rants any more than the streets of Detroit, but your kind of hate is clearly not the thing of rational minds so I'll leave you to stew in it.

It's OK in ISIS land to kill someone because they converted to Christianity, that's not a "matter of preference", "no right or wrong", "they have their beliefs and we have ours" kind of thing, that's just wrong. I'm guessing from your previous posts that you're not arguing some kind of moral...

Differences in those two numbers are accounted for predominantly by cash on hand but not spent by the Treasury, i.e. bond sales proceeds that aren't yet used, and government loan programs. For example, deficit is the difference between your revenues and your expenditures, debt is how much money...

I think we need to add the word "logic" to those that don't mean what you apparently think they mean. Lets go back to your words. You said, in this thread "first it was the first black president, now it looks to be the first woman president, and i'm basically expecting a transgender president...