Congress is trying to add a "Financial Transaction Tax" to the Economic Stimulus Bill. The tax would be a 0.25% tax on proceeds and purchases, which may equate to $25 round trip on e-minis.
Please sing petition against this proposed bill at:
http://www.rallycongress.com/no2tradertax/1536/
More Info:
http://www.govtrack.us/congress/billtex ... =h111-1068
IMPORTANT Message for all Traders
Re: IMPORTANT Message for all Traders
[quote]Congress is trying to add a "Financial Transaction Tax" to the Economic Stimulus Bill. The tax would be a 0.25% tax on proceeds and purchases, which may equate to $25 round trip on e-minis.
Please sing petition against this proposed bill at:
http://www.rallycongress.com/no2tradertax/1536/
More Info:
http://www.govtrack.us/congress/billtex ... =h111-1068[/quote]
Your numbers are incorrect. Lets use for round numbers ES at 800
.25 x 800 x $50/pt = $100 per side or $200 round turn its designed to force the small traders out of the market and let the Big money and elite
have complete control.
J~
Please sing petition against this proposed bill at:
http://www.rallycongress.com/no2tradertax/1536/
More Info:
http://www.govtrack.us/congress/billtex ... =h111-1068[/quote]
Your numbers are incorrect. Lets use for round numbers ES at 800
.25 x 800 x $50/pt = $100 per side or $200 round turn its designed to force the small traders out of the market and let the Big money and elite
have complete control.
J~