Wall Street Tax Act 2019

Jun 2014
59,999
34,323
Cleveland, Ohio
#22
Thats one of those loopholes. Currently it only concerns US trade companies. But some of the biggest trade firms, TD Ameritrade, Firstrade etc are foreign owned. So its possible they would be exempt. This is how Trump gets a leg up, he yells "USA, USA" and these American companies see this stuff and feel they are being unfairly taxed.
I'm thinking of the international companies. A 5% tax on every trade in the U.S. might make similar investments in London or Hong Kong look more attractive.
 
Jun 2014
59,999
34,323
Cleveland, Ohio
#23

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