Arianrhod
Gold Member
- Jul 24, 2015
- 11,060
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If your broker is an idiot. If he's smart, he'll eat those costs himself, then write them off as a loss. Kind of like when a retailer hides the sales tax in the cost of the widget you're buying.No. It is a tax on all stock trades. Higher costs for my mutual funds takes money away from my retirement.
When the broker writes the tax off as a loss doesn't that give him a tax break? Sales taxes are not hidden in the cost of widgets. That is against the law.
When the broker writes the tax off as a loss doesn't that give him a tax break?
I want to know which brokers are going to take tens of billions in losses every year.
So I can short their stock.
Which brokers make "tens of billions" a year, much less make trillions so that a fraction of a percentage per transaction would result in "tens of billions" a year in losses?
Y'all are ridiculous.
Which brokers make "tens of billions" a year,
Well, Goldman made about $8 billion last year.
I'm sure they'd be glad to "write them off as a loss", to pay this idiotic tax.
much less make trillions so that a fraction of a percentage per transaction would result in "tens of billions" a year in losses?
Why are you confusing profits, "make trillions", with a tax on the trades of clients?
It's almost as if you have no clue about how this would work.
It could work one of two ways. They could do what they always do and pass the fees on to the clients, or they could be intelligent and absorb those fees themselves. If they were intelligent, they could even market themselves as "the guys who don't pass the fees on to our clients."
Then again, if "intelligent" and "broker" were comfortable in the same sentence, they wouldn't have caused the Crash of '08...