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I'd be curious to see how much revenue this would generate for the government. I can't help but wonder if this is only a target because of its visibility. Even
by snprbob86 14y ago
I'd be curious to see how much revenue this would generate for the government. I can't help but wonder if this is only a target because of its visibility. Even if this brought in an extra $1,000 per each of 10M IT workers in the US, that's only $10B. However, it's likely to not even be close to that. Meanwhile, the 0.0034% transaction tax only brings in less than $2B in revenue from financial trades. The proposal to increase that tax to 0.5% would bring in as much as $200B. I might be bias, but it seems like Wall Street should pay more taxes before silicon valley.
http://en.wikipedia.org/wiki/Financial_transaction_tax#United_States http://en.wikipedia.org/wiki/Financial_transaction_tax#Unite...