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ShamelessHussy (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:12 PM Original message |
Tax Wall St. $0.25 per trade, that would be a quick way to FILL our coffers AND possibly make them |
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WCGreen (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:18 PM Response to Original message |
1. It's been talked about before.. |
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ShamelessHussy (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:22 PM Response to Reply #1 |
4. i haven't heard of it before, and in this climate I bet a LOT more folks would be receptive |
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WCGreen (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 01:46 AM Response to Reply #4 |
16. I read about it because I am a Tax Preparer... |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 06:43 AM Response to Reply #4 |
20. tobin tax |
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KILL THE WISE ONE (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:19 PM Response to Original message |
2. this would not be fair to small investors but how about a penny tax a share |
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ShamelessHussy (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:22 PM Response to Reply #2 |
5. individual traders are exempt |
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DLnyc (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 12:26 AM Response to Reply #2 |
15. More fair, maybe, would be a fraction of a percent transfer tax. |
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northzax (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:21 PM Response to Original message |
3. why only institutions? |
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ShamelessHussy (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:25 PM Response to Reply #3 |
6. because they are the problem, not the individual investors |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 07:27 AM Response to Reply #6 |
23. Except institutions run pensions, mutual funds, 401K. |
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Oregone (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:28 PM Response to Original message |
7. That would impede America's exceptional individuals |
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progressoid (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:30 PM Response to Original message |
8. So a trade worth three bucks would be taxed the same as a trade worth three million? |
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ShamelessHussy (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:32 PM Response to Reply #8 |
9. all proportional taxes on income gains remain, but yes, each share traded would be a FLAT rate |
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progressoid (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:57 PM Response to Reply #9 |
13. And it would be very unfair. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 07:30 AM Response to Reply #13 |
24. There already are per share fees for the exchanges. |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:36 PM Response to Original message |
10. It would need to be a very small percentile based upon dollar volume. |
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ShamelessHussy (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:42 PM Response to Reply #10 |
11. hmmm... maybe you are right, i didn't even consider penny stocks, maybe that would be the max |
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ShamelessHussy (1000+ posts) Send PM | Profile | Ignore | Mon May-10-10 11:42 PM Response to Reply #10 |
12. yikes, start yapping about taxing the man, and the site starts wigging out |
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JCMach1 (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 12:08 AM Response to Original message |
14. Isn't capital gains enough? |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 06:44 AM Response to Reply #14 |
21. no. capital gains are less than most people pay on wage income. |
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Scuba (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 06:15 AM Response to Original message |
17. I like it!!! |
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morgan2 (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 06:35 AM Response to Original message |
18. taxing trades like that would cause companies to list overseas |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 06:42 AM Response to Original message |
19. +10000 |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 07:21 AM Response to Original message |
22. $0.25 per SHARE not just no but FUCK NO. 1/10th cent per share. No problem. |
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blindpig (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 09:34 AM Response to Original message |
25. You want to oppress rich people... |
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ShamelessHussy (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 01:55 PM Response to Reply #25 |
26. Not oppress, just make them pay to play |
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blindpig (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 02:09 PM Response to Reply #26 |
27. Don't get me wrong.... |
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ShamelessHussy (1000+ posts) Send PM | Profile | Ignore | Tue May-11-10 06:52 PM Response to Reply #27 |
28. Excellent point |
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