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

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Robert A. Green, CPA & CEO
GreenTraderTax Traders Association.

Saw a few people mentioned Tom, a nice name, but I am Robert, and my nickname is Bob. Thanks.

We have fantastic leaders on this thread and it would be great if they are Officers of the Association on facebook. Just let me know who wants to take on that title and role. Together we can do a lot, alone we are less effective.
 
Quote from GreenTraderTax:

Thanks for joining our GreenTraderTax Traders Association on facebook.

Robert A. Green, CPA & CEO
GreenTraderTax Traders Association.

Saw a few people mentioned Tom, a nice name, but I am Robert, and my nickname is Bob. Thanks.
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Sorry Robert, I just edited the correction.
 
Some country will not go along with this. And the market there will boom. That is where we will go. Simple. Anyone left behind will have to find something else. Right out of business.
 
Let's list the tax and jobs that would lost if the transaction tax is passed. I will begin:


Tax loss:
1. Reduced capital gains from traders.
2. Prop Firms - most would close shop or go aboard.
3. Brokers will have less commission and less able to pay tax.

All these will lose jobs - brokers, IT & other support staff who work for brokerage. And traders - those who work at prop firms or work at home..

Care to add.....

Please tell Nancy Pelosi, Defazio and other morons how tax and jobs our economy would lose if this tax is passed.
 
Quote from leela:

Let's list the tax and jobs that would lost if the transaction tax is passed. I will begin:


Tax loss:
1. Reduced capital gains from traders.
2. Prop Firms - most would close shop or go aboard.
3. Brokers will have less commission and less able to pay tax.

All these will lose jobs - brokers, IT & other support staff who work for brokerage. And traders - those who work at prop firms or work at home..

Care to add.....

Please tell Nancy Pelosi, Defazio and other morons how tax and jobs our economy would lose if this tax is passed.
More...

The higher is capital turnover the higher are the government revenues in form of capital gains. The long-term investors who hold stocks for 10 years don't give much to the government as capital gains.
 
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this issue is about dead now. It will start fading in the next 4 weeks and reappear in 2-3 years. To sum this up after 9 months of back and forth is in order for any country to insitute this it must be implemented world wide and that will never happen. Most country's aren't willing to put themselves in a huge competitive hole.My question is the gov't will make money on tarp why is there this uproar against banks?
 
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