The Financial Transaction Tax and Disappearing Day Traders

zdreg said:
Start praying that Sanders get the nomination. When the US gets a radical candidate they vote for the more politically "center" candidate. Bloomberg has a much better chance of beating Trump than Sanders.
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I doubt Bloomberg will go forward with it or he will serve it in a way so that it certainly won't pass. Campaign promises and politicians....
 
tomtr27 said:
In Germany where the law of the derivative tax is already through!
Is this incredible reality, we traders here, run amok ....

Would you like a calculation example?

$ 200,000 profit, $ 140,000 loss, = $ 60,000 profit, before tax. As it is until December 31, 2020 you pay 27%
on $ 60,000 profit - $ 16,200 tax = net $ 43,800

Now the scandal of our finance minister Scholz from the SPD (Social Party Germany) as well as in the USA the Democrats.
Only the CDU with you The Republicans did it together. Nothing comes to mind ...

10,000, - The highest amount for deducting losses on profits.

That means: $ 200,000 profit - $ 10,000 maximum loss deduction

190,000.00 are now taxable

$ 190,000 of which 27% tax = $ 51,300 tax
$ 60,000 profit - $ 51,300 tax = $ 8700 net

And trading in Germany for private investors is over and the German EU boss is promoting this model in the EU and Bernie says the Germans are on the right track. Good morning America be careful and fight back.
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Does this rule apply to derivatives only - not stocks?
 
Maverick2608 said:
Does this rule apply to derivatives only - not stocks?
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In addition to futures, options and warrants, virtually all certificates and CFDs are issued
This is the derivative tax.
Now comes the financial transaction tax and the TOBIN tax that affects stocks. This ends trading for private investors in Germany. 8 years of work for free! Proptrading is what remains if the company uses the w8ben. TST, Leeloo unfortunately do not make the E2T because it does not work because the profit and loss account. I'm stunned right now .....
 
tomtr27 said:
In addition to futures, options and warrants, virtually all certificates and CFDs are issued
This is the derivative tax.
Now comes the financial transaction tax and the TOBIN tax that affects stocks. This ends trading for private investors in Germany. 8 years of work for free! Proptrading is what remains if the company uses the w8ben. TST, Leeloo unfortunately do not make the E2T because it does not work because the profit and loss account. I'm stunned right now .....
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According to my information, the German/EU FTT on the table is only something similar to the French version, i.e. it only applies to stocks listed on the local national stock exchange. So you would still be able to trade US stocks without paying FTT. If you only trade derivatives, I understand it sucks. Will it make a difference if you trade derivatives through a corporation?

Of course a US FTT on US stocks would be a game changer for most traders - at least eat a chunk of profit.
 
I don't suspect it will make much difference which democrat wins(if they do). I suspect this will become a platform issue and IMHO it's not about revenue - it's about slapping Wall Street around. If the Dems run the table in 2020 this will probably be in their top 5 priorities and they will sell it as paying for something as they have proposed in the past.
 
tomtr27 said:
In Germany where the law of the derivative tax is already through!
Is this incredible reality, we traders here, run amok ....

Would you like a calculation example?

$ 200,000 profit, $ 140,000 loss, = $ 60,000 profit, before tax. As it is until December 31, 2020 you pay 27%
on $ 60,000 profit - $ 16,200 tax = net $ 43,800

Now the scandal of our finance minister Scholz from the SPD (Social Party Germany) as well as in the USA the Democrats.
Only the CDU with you The Republicans did it together. Nothing comes to mind ...

10,000, - The highest amount for deducting losses on profits.

That means: $ 200,000 profit - $ 10,000 maximum loss deduction

190,000.00 are now taxable

$ 190,000 of which 27% tax = $ 51,300 taxg
$ 60,000 profit - $ 51,300 tax = $ 8700 net

And trading in Germany for private investors is over and the German EU boss is promoting this model in the EU and Bernie says the Germans are on the right track. Good morning America be careful and fight back.
More...

I can't believe this is actually possible. They can't be that stupid. Nobody with potential to make more than 10 k per year would ever buy stocks in this case.
 
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