UPDATE 1-NYSE indicates it will exit New Jersey if state taxes stock trades - memo

So, just to put this into perspective: New Jersey wants to garner $10 Billion per year in transaction tax - just for the courtesy of having a server farm located in the State. Compare that to the ~$5.5B in total annual revenue that ICE reported in 2019. Keep in mind that ICE operates 12 regulated exchanges, including the NYSE.
 
Real Money said:
This push for a transactions tax is like a modern day witch hunt. The mob could care less if the numbers make sense. They are out for blood.
More...

It would be easier if NJ spent its time deciding how to reduce expenses, but that would not be politically favorable to the current administration.

Taxes, always go up, they never cut expenses.
 
You must log in or register to reply here.
Back
Top