Trader Tax

[hessian]

Perhaps this deserves its own Thread, as I think this relates to "normal" Tading, not having to do with TSP/401k, but, unknown - need to find out more!!
- It is another Legislative Action (apparently a new Bill) under review..

Tell Congress to block the TRADER TAX
Posted:Thursday, February 26, 2009
http://www.alphatrends.blogspot.com/

Personally, I have little info on this, other than given above and, in the video in link above, it said the the Tax would be 25bp on every 110K.
Appreciate if any others can find out more!!!

[tsptalk]

I moved it here hessian - hope you find it.

[hessian]

Hey Thanks Tom,
Folks - perhaps especially related to persons trading in EFTs:

I think this relates to "normal" Tading, not having to do with TSP/401k, but, unknown - need to find out more!!
- It is another Legislative Action (apparently a new Bill) under review..

Tell Congress to block the TRADER TAX
Posted:Thursday, February 26, 2009
http://www.alphatrends.blogspot.com/

Personally, I have little info on this, other than given above and, in the video in link above, it said the the Tax would be 25bp on every 110K.
Appreciate if any others can find out more!!!

[alevin]

Yep. I saw word on this at Ticker-Forum about 3 days ago. There is a petition site there against this proposal. I already sent mine to all my congressional delegation-both parties. Warned one party that my lower-middle class retirement income (mid-age govt FERS employee) fantasy would get squashed if they do this and that I'd be forced to transfer my allegiance to the other party (or some other party) if they didn't back off this idea and pronto. Been meaning to post on this here, had a lot of distraction lately. Glad someone else is catching this issue.