Transaction Tax Bill has now been introduced

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.

 

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

 

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

 

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

 

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

 

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

 

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.

 

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

 

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

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

 

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.