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" <mvir...@gmail.com> To: <amibroker@yahoogroups.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" <mvir...@gmail.com> >> To: <amibroker@yahoogroups.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@yahoogroups.com <mailto:amibroker%40yahoogroups.com>, >>>> "Ed Fast" <fasttra...@...> 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@yahoogroups.com <mailto:amibroker%40yahoogroups.com> >>>>> >>>> [mailto:amibroker@yahoogroups.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" <fasttra...@...> >>>>> >>>>> Date: Fri, 4 Dec 2009 11:50:28 -0800 >>>>> >>>>> To: <amibroker@yahoogroups.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 >>>> >>> >>> __________ Information from ESET NOD32 Antivirus, version of virus >>> signature database 4659 (20091203) __________ >>> >>> 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! 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