1/4% Tax on all stock trades pushed in NY Times today

Quote from DirkDigler:

I've seen references to trades of less than $100K being exempt from this tax. However it's only been in the comment sections various places. Has anyone seen anything even close to "authoritative" like this?

If true that really changes the picture in my mind...
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The $100k was discussed not per trade, but total trades for the year.

Since the bill is still being worked on, nothing is final.
 
write detailed emails explaining with facts and numbers how a transaction tax would put u out of business.
Mark A. Calabria <mcalabria@cato.org>

cato institue is a conservative think tank based in the US.
 
Quote from seasideheights:

The $100k was discussed not per trade, but total trades for the year.

Since the bill is still being worked on, nothing is final.
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What I'm looking for was discussed by who and where. We wouldn't be typing now if this bill was "final"! :eek:

So is you're understanding that, as proposed, the tax "kicks in" once you've exceeded $100K in trades? If that's the case I'm not so optimistic... :mad:
 
write detailed emails explaining with facts and numbers how a transaction tax would put u out of business.
Mark A. Calabria has appeared on tv and written op eds for the wall street journal.
mcalabria@cato.org>

cato institute is a conservative think tank based in the US.
 
It was brought up by the hill in a copy they received of the bill from Defazio, and Defazio talked about it on TV as well that the first 100k of trades would be exempt or refunded. He did not go into specifics of it but that's what was said by the congressman.
 
the congress of the US is drunk with its own power. after a health bill is passed a transaction will be steamrolled through congress. all this talk about $100,000 exemption per trade is just hope wih no basis in
reality.

there is one thing for sure that could derail the transaction tax. if the market should crash before passage of the tax then the tax will not be enacted.
 
Quote from zdreg:

the congress of the US is drunk with its own power. after a health bill is passed a transaction will be steamrolled through congress. all this talk about $100,000 exemption per trade is just hope with no basis in
reality.
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Thanks. That's sort of what I suspected.

Also thanks to everyone that has made this thread such a great source of information. I feel like I'm doing my part to keep a local "traders and investment" group involved in fighting this tax. This thread has been a great resource!
 
If zdreg would look into reality he would see its not a per trade exemption. If you actually read what the bill has stated it was the first 100,000 dollars traded or invested annually, anything after your first 100,000 dollars annually would be taxed.
 
Quote from rsikit:

If zdreg would look into reality he would see its not a per trade exemption. If you actually read what the bill has stated it was the first 100,000 dollars traded or invested annually, anything after your first 100,000 dollars annually would be taxed.
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you should learn how tor read. i was saying that there were people on this thread who thought it was 100,000 exemption per trade.

as to reality u need a reality check. correct me if u were not the author of those posts about cfds and non vanilla type of options which are basically useless to most traders.
u were looking at these instrument through rose colored glasses. get a grip on reality.
 
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