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re: The White House supports studying a financial transaction tax (0.1% tax on stocks)
Posted on 2/22/21 at 9:02 am to Triple Bogey
Posted on 2/22/21 at 9:02 am to Triple Bogey
Pardon my ignorance, but
Does this mean you pay a tax when the funds within a specific mutual fund repositions, or if you reposition between different mutual funds? And, if it's when they reposition the funds within the mutual fund, I suppose you'd only be taxed on the portion affected by the stocks that are traded (or other instruments within the fund).
quote:
Your 401ks, ETFs, IRAs and the huge funds that hold pensions, etc. would have to pay a tax each time they reposition
Does this mean you pay a tax when the funds within a specific mutual fund repositions, or if you reposition between different mutual funds? And, if it's when they reposition the funds within the mutual fund, I suppose you'd only be taxed on the portion affected by the stocks that are traded (or other instruments within the fund).
1
Posted on 2/22/21 at 9:30 am to WPBTiger
Why not just raise rates on the taxes we already have?
I keep hearing these ludicrous proposals like this and unearned capital gains that they veil under “It’s only 0.1%”
If it can raise $777B, it’s a $777B tax.
I keep hearing these ludicrous proposals like this and unearned capital gains that they veil under “It’s only 0.1%”
If it can raise $777B, it’s a $777B tax.
Posted on 2/22/21 at 11:36 am to Weekend Warrior79
quote:
Does this mean you pay a tax when the funds within a specific mutual fund repositions, or if you reposition between different mutual funds? And, if it's when they reposition the funds within the mutual fund, I suppose you'd only be taxed on the portion affected by the stocks that are traded (or other instruments within the fund).
I don't think that's known yet but should be part of what they study on this.
funds would be taxed to rebalance but Im sure they'd just pass it on via raising the management fee %.
We'd be taxed directly to rebalance funds.
This probably dies in congress though as it's generally considered a good thing to encourage retirement savings and this is just one more reason to not enter the market or trade stocks which reduces liquidity and valuations most likely
Posted on 2/22/21 at 12:06 pm to WPBTiger
Do you wanna kill the market? Cuz that is how you kill the market
Posted on 2/22/21 at 12:11 pm to WPBTiger
If you ever see the words "study" or "commission" coming from a government body, just know that these are only excuses for redistributing your tax dollars to the politically connected.
Posted on 2/22/21 at 12:21 pm to WPBTiger
"Progressives" have a lot of talent at stifling the market and strangling confidence in the economy.
Posted on 2/22/21 at 1:40 pm to WPBTiger
I don't support this tax.
But the idea that 10 basis points in, and 10 basis points out, is going to cause the financial markets to spin into a disaster, is just silly.
But the idea that 10 basis points in, and 10 basis points out, is going to cause the financial markets to spin into a disaster, is just silly.
Posted on 2/22/21 at 2:32 pm to GeneralLee
quote:
indexing capital gains to inflation.
Inflation and capital gains is a government racket.
Posted on 2/22/21 at 6:17 pm to WPBTiger
So the common American gets shut out of Wall Street and the rats get back to controlling the game.
Posted on 2/22/21 at 8:16 pm to WPBTiger
This will crash and burn. If you ever wanted to know who owns congress, you’ll find out when this legislation shows up DOA.
Posted on 2/22/21 at 9:00 pm to Bear Is Dead
I am having serious moral crossroads with savings these days. Where do we put our money, money markets are shot. Savers have, and are continuing, to get screwed over by a government that cannot find the word budget.
I put my money to work for me, that I worked for, saved, and didn't blow...and now I've got to throw the US an additional 10th?
That adds up to a ton of money over a lifetime, a truck ton....and it won't stop at 0.1 either. This is where I ask all those 'conservatives' where did that balanced budget amendment go.
I put my money to work for me, that I worked for, saved, and didn't blow...and now I've got to throw the US an additional 10th?
That adds up to a ton of money over a lifetime, a truck ton....and it won't stop at 0.1 either. This is where I ask all those 'conservatives' where did that balanced budget amendment go.
Posted on 2/22/21 at 9:06 pm to jcaz
quote:
So the common American gets shut out of Wall Street and the rats get back to controlling the game.
Seems a boiling point may be in our future. For some, we are already there
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