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well if they introduce a 0.25% transaction tax then you will not need any
software package to track or backtest the markets because you will not be
able to make any money.
On the ES mini you will need to make at least 5.5 points profit before you
will start making money. On a 20$ stock the first 10 cents profit are for
the government, the next 2 cents for the broker, so you will need to make a
profit of 12 cents before you start making money.
If you can make a system that makes more than 0.25% per trade on average you
are a good man.
----- Original Message -----
From: "Mubashar Virk" <mvirk67@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Saturday, December 05, 2009 11:33 AM
Subject: Re: [amibroker] Re: Trader Tax
> By the way how does this issue relate to AB?
>
> wooziwog wrote:
>>
>> Ed,
>> I don't want to seem like an alarmist but the US income tax was
>> considered benign (1% of income) when it was implemented, the Social
>> Security contribution was also benign, (don't have exact figures but
>> it was something like 0.5% of first $1000 of earnings) as was the
>> Medicare contribution. The sad fact is that when a parasite attaches
>> itself to the host it will keep sucking blood, as it grows it needs
>> more blood. Good parasites never kill their host - the question is how
>> smart is our parasite? Based on the current spending I am seeing I
>> consider paying more taxes as a "cure" is the same as curing an
>> alcoholic by giving them more alcohol. Consider any tax that is
>> imposed as the "initial offering" to get it passed, it will continue
>> to grow after it is passed.
>>
>> David K.
>>
>> --- In amibroker@xxxxxxxxxxxxxxx <mailto:amibroker%40yahoogroups.com>,
>> "Ed Fast" <fasttrader@xxx> wrote:
>> >
>> > The presenter (not sure who it was as I am certainly not glued to
>> CNBC as I
>> > trade) made it sound like the Trader Tax is a very benign tax
>> measure and
>> > would not effect anyone important except the "Wall Street Fat Cats"
>> as it
>> > generated all this free money for the government.
>> >
>> >
>> >
>> > It would affect me and I am certainly not a "Fat Cat"
>> >
>> >
>> >
>> > Ed Fast
>> >
>> >
>> >
>> > _____
>> >
>> > From: amibroker@xxxxxxxxxxxxxxx <mailto:amibroker%40yahoogroups.com>
>> [mailto:amibroker@xxxxxxxxxxxxxxx
>> <mailto:amibroker%40yahoogroups.com>] On Behalf
>> > Of Potato Soup
>> > Sent: Friday, December 04, 2009 11:56 AM
>> > To: AmiBroker (Discussion List)
>> > Subject: Re: [amibroker] Trader Tax
>> >
>> >
>> >
>> >
>> >
>> > Yes. Do not fall asleep at the wheel. Congress is desperate to find tax
>> > revenues and score another populist win. Don't just call your
>> > representatives, call every friend and family member and ezplain why
>> this
>> > isn't good for mainstreet.
>> >
>> > _____
>> >
>> > From: "Ed Fast" <fasttrader@xxx>
>> >
>> > Date: Fri, 4 Dec 2009 11:50:28 -0800
>> >
>> > To: <amibroker@xxxxxxxxxxxxxxx <mailto:amibroker%40yahoogroups.com>>
>> >
>> > Subject: [amibroker] Trader Tax
>> >
>> >
>> >
>> > If you have just watched the CNBC interview, you will understand how
>> > important it is to contact your senator and representative and let
>> them know
>> > that the Trader Tax is being presented in a very skewed manner and will
>> > devastate the Financial Markets and the underlying Liquidity
>> >
>> >
>> >
>> > Ed Fast
>> >
>>
>>
>>
>>
>> __________ Information from ESET NOD32 Antivirus, version of virus
>> signature database 4659 (20091203) __________
>>
>> The message was checked by ESET NOD32 Antivirus.
>>
>> http://www.eset.com
>
>
>
> __________ Information from ESET NOD32 Antivirus, version of virus
> signature database 4659 (20091203) __________
>
> The message was checked by ESET NOD32 Antivirus.
>
> http://www.eset.com
>
>
>
>
> ------------------------------------
>
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> This is *NOT* technical support channel.
>
> TO GET TECHNICAL SUPPORT send an e-mail directly to
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>
------------------------------------
**** IMPORTANT PLEASE READ ****
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