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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (294105)2/26/2009 4:00:53 PM
From: longnshort1 Recommendation  Read Replies (2) | Respond to of 793963
 
What may be even worse is that there also is a line item in the proposed National Health Care Act that seeks to impose "a small tax on stock and bond transactions" in addition to "a modest and progressive excise tax on payroll and self-employment income."

govtrack.us

The imposition of a transaction tax will have a devastating impact, not only on active investors but on the broad market as well. The chances of a tax being included in some massive bill like another stimulus bill are high.



To: KLP who wrote (294105)2/26/2009 5:31:16 PM
From: ManyMoose  Read Replies (2) | Respond to of 793963
 
I think the $1000 denomination is the largest bill accessible by the public. The $10,000 bill is the largest bill, but is used between federal reserve banks, if I'm not mistaken.


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