Tell Congress to Block the Trader Tax
In case anyone missed this, I encourage you the read (and sign the petition to) Tell Congress to Block the Trader Tax
DISCLAIMER: "VIX®" is a trademark of Chicago Board Options Exchange, Incorporated. Chicago Board Options Exchange, Incorporated is not affiliated with this website or this website's owner's or operators. CBOE assumes no responsibility for the accuracy or completeness or any other aspect of any content posted on this website by its operator or any third party.
All content on this site is provided for informational and entertainment purposes only and is not intended as advice to buy or sell any securities. Stocks are difficult to trade; options are even harder. When it comes to VIX derivatives, don't fall into the trap of thinking that just because you can ride a horse, you can ride an alligator. Please do your own homework and accept full responsibility for any investment decisions you make.
No content on this site can be used for commercial purposes without the prior written permission of the author. Copyright © 2007-2023 Bill Luby. All rights reserved.
5 comments:
Thank you for posting this Bill. I've been posting this link at all the blog I read daily. Yours too, but you beat me to it! Anyway, thanks again for posting this. This bill MUST BE STOPPED! I don't know what are they thinking? They think they can get 150 billion from this? They think trader's are stupid? They will just wipe away daytraders and short term traders and at the same time SUCK ALL THE LIQUIDITY out of the system which will make the market even more volitile! What a bunch of dumb MF!
I signed eagerly, but balked at paying $9.
email had to suffice.
even on the remote chance this passes the House, the bill will die in the Senate. No way Schumer (and most Dems) + Republicans will allow this to happen.
PS, as NYS/NYC live or die via the taxes generated by the broker-dealers.
The DJX and SPX closed at 9625 and 1006 on November fourth, the day that Obama was elected President. These levels were never reached again and the DJX and SPX closed down 22.4% and 22.6% since November fourth. The DJX and SPX closed down 47.3% and 50.3% since their October 9, 2007 highs. Economic factors and technical indicators may result in the DJX and SPX closing below 7000 and 750.
Why is a new trader tax required?
Post a Comment