quote:Poor argument. The only good argument for any particular tax method is demonstrating it maximizes revenue while simultaneously minimizing the rates to individuals.
quote:That's so sweet.
I'm ALL FOR eliminating income taxes and imposing sales taxes on all transfers of value,
Explain it. Can't open link
Frequent trading of stocks is essentially gambling and adds no value to anyone or anything except it is like a win and loss to the person making the trades.
Interesting List of Taxes that exist today (stolen from ApexTiger)
Accounts Receivable Tax
Building Permit Tax
Capital Gains Tax
CDL license Tax
Corporate Income Tax
Court Fines (indirect taxes)
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel permit tax
Gasoline Tax (42 cents per gallon)
Hunting License Tax
Inheritance Tax (state and Federal Estate Tax)
Interest expense (tax on the money)
IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Local Income Tax
Marriage License Tax
Real Estate Tax
Septic Permit Tax
Service Charge Taxes
Social Security Tax
Road Usage Taxes (Truckers)
Recreational Vehicle Tax
Road Toll Booth Taxes
State Income Tax
State Unemployment Tax (SUTA)
Telephone federal excise tax
Telephone federal universal service fee tax
Telephone federal, state and local surcharge taxes
Telephone minimum usage surcharge tax
Telephone recurring and non-recurring charges tax
Telephone state and local tax
Telephone usage charge tax
Toll Bridge Taxes
Toll Tunnel Taxes
Traffic Fines (indirect taxation)
Trailer Registration Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Tax COMMENTS: "Not one of these taxes existed 100 years ago and our nation was the most prosperous in the world, had absolutely no national debt, had the largest middle class in the world and only one parent had to work to support the family."
Taxing them for trading is a good way to discourage trades which impedes the efficient employment of capital necessary to maximize economic growth.
it is a small tax on speculation and frequent trading in the equities markets.
quote:Liquidity is an added value.
Frequent trading of stocks is essentially gambling and adds no value
In a nutshell, it is a .03% tax on stock trading/churning. It contains credits for 401ks, health savings accounts, capital raising, etc.
I'm fairly certain that the Brokerages we put our money in at for our 401ks, HSAs, etc. will pass on this tax into our management fees, expense ratios, etc to some degree so we will be taxed no matter what.
it is a .03% tax on stock trading/churning.