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It sounds pretty awful to me also, so I appreciated their analysis. You’re saying I’d have to pay a tax on every trade I (newer retail investor) make? How in po
by rzz3 6y ago
It sounds pretty awful to me also, so I appreciated their analysis. You’re saying I’d have to pay a tax on every trade I (newer retail investor) make? How in possible hell does that help anything?
- jbob2000 6y agoCitadel did more trades in one day than the entire market did in one year. Retail investors do a couple of trades a year. A tax like this would end high frequency trading overnight.
- iso1631 6y agoYou buy $50k stock, you'd pay 50c tax, it wouldn't affect you. You bound 50M in stock between two companies every second in a ladder, you pay $50k/second tax