Pretty neutral and overall lame report -- some guy just saying that it needs to be international and he cited a rate of 0.005% when asked how big...
Your article is from Nov. 10 and Strauss-Kahn has since flip-fopped and now indicates that they'll study it. From Nov. 24: "And Strauss-Kahn...
The timing will be tricky with this tax for the dems. Since we know the IMF is supposedly doing a study as to a feasibility of the tax and since...
Don't you have to pay a pretty steep penalty every time you make a withdrawl from an IRA (assuming you're under retirement age)?
I don't know how they justify it, but here's one recent example. Defazio's attempt earlier in the year to punish evil energy speculators (HR 3379)...
Here's the fun fact of the day: Of the 156 bills Defazio has introduced in the past decade, only 6 have passed and they were all specific to...
The problem with this is that you'd have to expatriate yourself in order to avoid the tax, and even then, the IRS has rules disallowing avoiding...
20% of what? Anyway, I know this has been mentioned before, but there are no instruments on CME and related exchanges that could support a...
Agree, and I think it's also best to use down to earth examples, like 50 shares of AAPL = 10K transaction = $50 in transaction tax + broker fee +...
I couldn't help but notice they revised their number for futures and derivatives from 0.02% (as reported last week) to 0.25%. Even the Euros...
You bring up a good point about the IMF voting, but maybe I'm misreading your "86 - 87%" figure -- according to wikipedia, the US has about 17% of...
It's bad that Strauss-Kahn is softening his language on this -- I guess that's all we can do is wait for his report next April or so to know his...
Keep in mind there's a huge gap between trader and investor in the eyes of politicians, as evidenced by their recent willingness to exclude the...
So they took a poll in the UK and the public there supports a tax -- part of the money to be used to save the children of Mumbai -- typical...
I wouldn't worry about a global tax. Consider the following scenario (just as plausible as any of the others thrown out here): Suppose the...
The question to ask yourself if you want to scalp the NQ for 8 ticks is where do you place your stop? It better not be more than 8 ticks, or else...
I actually do take comfort in her and Timmy G's comments today since the U.S.-only version would be more immediate and dramatic at 0.25%. You...
Pelosi weighs in: Wall Street tax must be international: Pelosi http://www.reuters.com/article/newsOne/idUSTRE5AI3ZV20091119...
From today's hearing: GEITHNER ON FINANCIAL TRANSACTIONS TAX: "I have not seen a version of that kind of tax that I think would be...
Exactly, this number is PER YEAR not per day -- this is an exemption for the people that only make a few transactions per year!
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