Transaction Tax Bill has now been introduced
- Thread starter Bullet
- Start date
hey math wiz, i have a proposition for you
I'll flip a penny 3 times
if it's tails 2 out of 3 times, i'll put a bullet in one chamber of a 6 shooter, spin, it and slap it shut
then you pick it up, put it to your head and pull the trigger
why not? it's only about a 5.5% chance?
waddaya worried about?
Taiwan is rumored to be lowering their transaction tax:
http://www.chinapost.com.tw/business/asia/b-taiwan/2009/02/20/196918/Stocks-move.htm
Yea, I know, just a rumor... but still nice to hear.
+-*/ Math_Wiz
http://www.chinapost.com.tw/business/asia/b-taiwan/2009/02/20/196918/Stocks-move.htm
Yea, I know, just a rumor... but still nice to hear.
+-*/ Math_Wiz
If worst came to the worst, there are still alternatives to completely avoid paying the tax altogether.
The alternatives are, trade other markets in other countries.
Take Stocks for example. There used to be stamp duties or a transaction tax in Australia and this was abolished 4-5 years ago. So if the US introduces this tax, US traders will be more than welcome to the Australian Market.
With futures, instead of trading ES NQ and TY, why not trade the Dax, SMI, Stoxx50, Bunds, Footsie, Cac, Australian Spi, and Futures in Asia where there are no transaction taxes.
Congress should be alerted to the fact that at the present time, there are thousands of traders outside the US who trade US Futures and Stocks and Options. Be assured, that if this tax is introduced, we will completely abandon any trading in the US. That is a promise!
For US traders, if this tax is introduced, the only downside is that they will have to adjust their sleeping patterns so that they can trade other markets around the world where there are no transaction taxes!
The alternatives are, trade other markets in other countries.
Take Stocks for example. There used to be stamp duties or a transaction tax in Australia and this was abolished 4-5 years ago. So if the US introduces this tax, US traders will be more than welcome to the Australian Market.
With futures, instead of trading ES NQ and TY, why not trade the Dax, SMI, Stoxx50, Bunds, Footsie, Cac, Australian Spi, and Futures in Asia where there are no transaction taxes.
Congress should be alerted to the fact that at the present time, there are thousands of traders outside the US who trade US Futures and Stocks and Options. Be assured, that if this tax is introduced, we will completely abandon any trading in the US. That is a promise!
For US traders, if this tax is introduced, the only downside is that they will have to adjust their sleeping patterns so that they can trade other markets around the world where there are no transaction taxes!