As a small-time trader I resent the notion that I have to pay extra to reduce the federal deficit.
But a house bill currently in draft aims to do just that by taxing both the purchase and sale of stocks, options, derivatives and futures at .25%.
I have a better idea; why don’t we end the war (currently costing us $30B per year), shrink government by 25% (starting with the Czars), and lower income and capital gains taxes across the board by 15%. We then take the resultant 10% difference and dedicate it to paying down the deficit.
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