This is aimed to collect a .25% transaction fee tax on each trade. On a $1000 round trip trade it would be an additional $5, or like charging 50% more for commissions using popular brokerages such as TDAmeritrade. Personally I think this is terrible for the stock market.
Click Here to see the entire bill
I have signed a petition to block this trader tax. Please join me and do the same by clicking here
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Sunday, February 22, 2009
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