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PureBytes Links
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well it is my understanding that they want to enforce this trading tax
globally.
I quote: "Pelosi and other lawmakers have said the bill would have to apply
internationally to ensure that financial activity does not move overseas."
----- Original Message -----
From: "Mubashar Virk" <mvirk67@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Saturday, December 05, 2009 1:26 PM
Subject: Re: [amibroker] Re: Trader Tax
> Sorry, I did not know all AB users were in the US or traded the US
> markets.
>
>
> Edward Pottasch wrote:
>> 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
>>>>
>>>
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>>
>>
>>
>> ------------------------------------
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>> **** IMPORTANT PLEASE READ ****
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>> signature database 4661 (20091204) __________
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>
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> __________ Information from ESET NOD32 Antivirus, version of virus
> signature database 4661 (20091204) __________
>
> The message was checked by ESET NOD32 Antivirus.
>
> http://www.eset.com
>
>
>
>
> ------------------------------------
>
> **** IMPORTANT PLEASE READ ****
> This group is for the discussion between users only.
> This is *NOT* technical support channel.
>
> TO GET TECHNICAL SUPPORT send an e-mail directly to
> SUPPORT {at} amibroker.com
>
> TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
> http://www.amibroker.com/feedback/
> (submissions sent via other channels won't be considered)
>
> For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> http://www.amibroker.com/devlog/
>
> Yahoo! Groups Links
>
>
>
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