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Home Publications Reports Taxing Financial Speculation: Shifting the Tax Burden from Wages to Wagers

Taxing Financial Speculation: Shifting the Tax Burden from Wages to Wagers

February 2000, Dean Baker

The vast majority of stock trades and other financial transactions are done by short term traders who hold assets for less than a year and often less than a day. These trades are essentially a form of gambling. This paper proposes a modest tax on these trades, 0.25 percent on the sale or purchase of share of stock, along with comparable fees for other assets.

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Press Release

See more about Financial Speculation Taxes (a.ka. Financial Transactions Taxes)

 

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