thanks guru, great article...
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1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
thanks guru, great article...
Don't forget to sign the petition against the tax. We have over 35,000 signatures so far...
http://www.rallycongress.com/no2tradertax/1536/
http://www.rallycongress.com/no2tradertax/1536/
Quote from cstfx:
250B US loss provision from TARP already acknowledged in Obama's new budget:
http://dealbook.blogs.nytimes.com/2009/02/26/250-billion-loss-seen-in-banking-bailout/
Got to recoup that loss from somewhere
But weren't we told that we (the taxpayers) would make money on the bailout (LOL). What a joke. They better not try and make us pay for this with the trans tax. Tax the hell out of these stupid banks. I believe JPM mentioned yesterday possibly paying back their TARP money this year...
-Guru
German SPD ministers push for stock mkt trading tax
Germany's finance and foreign ministers on Friday called for the introduction of a tax on stock market trading and tougher financial regulations such as limits to bonuses and restrictions on speculation.
...
Stock trades of 1,000 euros or more should be taxed at a rate of 0.5 percent of the shares' value, rising to 1.5 percent for sales made via a clearing house and for financial products which would not be taxed in further transactions, they said.
'We want to push for such a tax to be introduced EU-wide,' the two ministers said in a statement, in which they laid out their principles on the future of financial market structures.
http://www.forbes.com/feeds/afx/2009/02/27/afx6106555.html
Germany's finance and foreign ministers on Friday called for the introduction of a tax on stock market trading and tougher financial regulations such as limits to bonuses and restrictions on speculation.
...
Stock trades of 1,000 euros or more should be taxed at a rate of 0.5 percent of the shares' value, rising to 1.5 percent for sales made via a clearing house and for financial products which would not be taxed in further transactions, they said.
'We want to push for such a tax to be introduced EU-wide,' the two ministers said in a statement, in which they laid out their principles on the future of financial market structures.
http://www.forbes.com/feeds/afx/2009/02/27/afx6106555.html
Quote from sophiekay:
Don't forget to sign the petition against the tax. We have over 35,000 signatures so far...
http://www.rallycongress.com/no2tradertax/1536/
X 2
Quote from cstfx:
WTF is it with Merkel? More regulations and more taxes?
Merkel isn't the one pushing the tax according to that forbes piece. Who's ahead in the polls there anyway?
I sure hope the entire EU doesn't adopt the transaction tax. That would be trouble for us as I'm sure we'd follow suit?
-Guru
I think people overreact to this article. Of course if this happens, this will change everyone's life here. But as long as there is someone who is not trained to make money off the market. YOU WILL STILL BE ABLE TO MAKE MONEY OFF THEM. The way you trade may be different. The time horizon you hold your securities may be different. But you will still be making money as long as there r always some people who cant help losing money to the market every day.