Transaction Tax Bill has now been introduced

[Ivanovich]

Not too worried about it passing by itself. The problem lies if someone tries to stealth pass it, wrapped in the confines of a much larger bill.

 

[nonlinear5]

Quote from Anaconda:

The market making black boxes will pick up the volume, as they will be exempt.

I don't see anything in the proposed bill about exemptions.

 

[MohdSalleh]

this is disaster, we will jsut beg for a living then

 

[stevegee58]

Aren't the Brits paying some kind of transaction tax already (stamp tax? stamp duty? or something like that)

 

[rsikit]

Yeah but they have easy and legal ways to get around it

 

[MohdSalleh]

they use CFD's to get aroudn it but the comissions are atrocious

 

[tradersboredom]

this bill is to remove blackboxes who pay almost nothing for shares.

each bid and ask will be real traders/investors. not fake b.s. games.

Quote from Anaconda:

I doubt it will drop more than 30%, and that is exaggerating.

The market making black boxes will pick up the volume, as they will be exempt.

 

[moneymonger]

Quote from Ivanovich:

Not too worried about it passing by itself. The problem lies if someone tries to stealth pass it, wrapped in the confines of a much larger bill.

This is especially true given that most Democrats do not
read the bills they sign.

 

[tradersboredom]

.25% $100,000 transaction is $250 fee.

you must be serious investor to buy or sell $100,000 worth of shares.

Quote from Anaconda:

I doubt it will drop more than 30%, and that is exaggerating.

The market making black boxes will pick up the volume, as they will be exempt.

 

[ProfLogic]

Quote from Ivanovich:

Not too worried about it passing by itself. The problem lies if someone tries to stealth pass it, wrapped in the confines of a much larger bill.

ABSOLUTELY ON TARGET!!

They will more than likely try to sneek it in on something else.

The current estimate is that "ONE" eMini S&P contact traded at approximately 800 will incur a tax of $200.