Scott is a great friend to us.
Go get 'em Scott.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Scott is a great friend to us.
Go get 'em Scott.
Quote from MrPowerBallad:
The official bill with 25 co-sponsors:
http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.4191:
Future trading, 0.02% tax proposed, so $20.00 for each $100K, vs. $250.00 for equities (0.25%)...hmmmm
Please see Scott's latest blog on this topic. He will be on CNBC at 11:20 debating the topic essentially defending our livelihood.
There is a link in the T3 blog to send Scott an email before he goes on and debates. Let him know if there are any points you think would help our case.
http://blog.t3live.com/
There is also a link to the petition to be sent to Congress.
There is a link in the T3 blog to send Scott an email before he goes on and debates. Let him know if there are any points you think would help our case.
http://blog.t3live.com/
There is also a link to the petition to be sent to Congress.
Quote from ShortSqueeze77:
Please see Scott's latest blog on this topic. He will be on CNBC at 11:20 debating the topic essentially defending our livelihood.
There is a link in the T3 blog to send Scott an email before he goes on and debates. Let him know if there are any points you think would help our case.
http://blog.t3live.com/
There is also a link to the petition to be sent to Congress.
I am for Scott being on tv as long as he appeals to mainstreet and how mainstreet pays this tax. If he starts talking about traders and how his businees and traders will be out of business, then that is not good press. No one cares about the day traders, wo we have to harp on the mainstreet angle. Lets hope he does.
Quote from shfly:
Future trading, 0.02% tax proposed, so $20.00 for each $100K, vs. $250.00 for equities (0.25%)...hmmmm
not bad... even good for human traders... However I can't imagine the disaster for the algo's operator... in themselves algos don't suffer ( electronic suffering ? ) they only wait...
Quote from MrPowerBallad:
The official bill with 25 co-sponsors:
http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.4191:
They made a big deal about including some sort of wording about preventing US citizens from avoiding the tax by trading on non-US exchanges -- I guess this is what they were thinking of:
`(a) In General- In the case of any outbound securities transaction, the transferor shall deduct and withhold a tax equal to the tax imposed under section 4475 with respect to such transaction.
`(b) Outbound Securities Transaction- For purposes of this section, the term `outbound securities transaction' means any covered transaction to which section 4475(a) applies if--
`(1) such transaction does not occur on a trading facility located in the United States, and
`(2) the purchaser with respect to such transaction in not a United States person.'.
Quote from listedguru:
I think Pelosi is also to blame here. I think she misconstrued Geithner's words or only heard what she wanted to hear. I'm positive he's for an insurnace type fee and against the transaction tax.
-Guru
That's what I understand, too. At least lately.
----------------------
3 weeks after Geithner said 'no' to the trans tax, he said he was also opposed to pre-funding bank bail-outs through an assessment, not insurance I guess, as he said it would increase risk taking. Seems like insurance would encourage risk, but as long as it prevents destruction of our markets.
http://news.yahoo.com/s/nm/20091107/bs_nm/us_g20_brown_tax_2
Quote from rsikit:
I am for Scott being on tv as long as he appeals to mainstreet and how mainstreet pays this tax. If he starts talking about traders and how his businees and traders will be out of business, then that is not good press. No one cares about the day traders, wo we have to harp on the mainstreet angle. Lets hope he does.
Good point. You can post comments/ideas on blog. There is still time.
http://blog.t3live.com/
Quote from quicktrader12:
Good point. You can post comments/ideas on blog. There is still time.
http://blog.t3live.com/
This quote is very good.
"IT'S NOT A TAX ON PROFITS!!! IT'S A FEDERAL GOVERNMENT PENALTY ON EVERYONE, INCLUDING THE MIDDLE CLASS, WANTING TO INVEST MONEY INTO COMPANIES. TAX PROFITS, NOT THE DESIRE TO INVEST MONEY INTO COMPANIES SO THEY CAN HIRE MORE PEOPLE!!!"