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India already has a transaction tax - 0,017% on all sale leg of futures
transactions, since 2006...
-----Original Message-----
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf
Of Mubashar Virk
Sent: 06 December 2009 21:46
To: amibroker@xxxxxxxxxxxxxxx
Subject: Re: [amibroker] Re: Trader Tax
I think you guys need to get your money out of the US. Invest in India,
Pakistan, China, etc. and deposit your profits in Swiss banks.
dloyer123 wrote:
>
> Right. They dont want activity to move overseas. They just dont want
> it to happen unless they get their cut.
>
> I live in Mass and here there is a 12% state tax on short term cap
> gains on top of the fed income tax.
>
> At least those taxes are only on the profits.
>
> --- In amibroker@xxxxxxxxxxxxxxx <mailto:amibroker%40yahoogroups.com>,
> "Edward Pottasch" <empottasch@xxx> wrote:
> >
> > 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@xxx>
> > To: <amibroker@xxxxxxxxxxxxxxx <mailto:amibroker%40yahoogroups.com>>
> > 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@xxx>
> > >> To: <amibroker@xxxxxxxxxxxxxxx <mailto:amibroker%40yahoogroups.com>>
> > >> 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> <mailto:amibroker%40yahoogroups.com>,
> > >>>> "Ed Fast" <fasttrader@> 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%40yahoogroups.com>
> > >>>>>
> > >>>> [mailto:amibroker@xxxxxxxxxxxxxxx
> <mailto:amibroker%40yahoogroups.com>
> > >>>> <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@>
> > >>>>>
> > >>>>> Date: Fri, 4 Dec 2009 11:50:28 -0800
> > >>>>>
> > >>>>> To: <amibroker@xxxxxxxxxxxxxxx
> <mailto:amibroker%40yahoogroups.com> <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 <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 <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/
> <http://www.amibroker.com/feedback/>
> > >>> (submissions sent via other channels won't be considered)
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> > >>>
> > >>> Yahoo! Groups Links
> > >>>
> > >>>
> > >>>
> > >>>
> > >>
> > >>
> > >>
> > >> ------------------------------------
> > >>
> > >> **** 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/
> <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/ <http://www.amibroker.com/devlog/>
> > >>
> > >> Yahoo! Groups Links
> > >>
> > >>
> > >>
> > >>
> > >>
> > >>
> > >> __________ Information from ESET NOD32 Antivirus, version of virus
> > >> signature database 4661 (20091204) __________
> > >>
> > >> The message was checked by ESET NOD32 Antivirus.
> > >>
> > >> http://www.eset.com <http://www.eset.com>
> > >>
> > >>
> > >>
> > >
> > >
> > >
> > > __________ Information from ESET NOD32 Antivirus, version of virus
> > > signature database 4661 (20091204) __________
> > >
> > > The message was checked by ESET NOD32 Antivirus.
> > >
> > > http://www.eset.com <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/
> <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/ <http://www.amibroker.com/devlog/>
> > >
> > > Yahoo! Groups Links
> > >
> > >
> > >
> >
>
>
>
>
> __________ Information from ESET NOD32 Antivirus, version of virus
> signature database 4661 (20091204) __________
>
> The message was checked by ESET NOD32 Antivirus.
>
> http://www.eset.com
__________ 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
------------------------------------
**** 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/
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