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Taxation & Estate Planning

: TaxProf Blog

Democrats Propose .25% Stock Transaction Tax to Raise $150b/Year

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Democrats in the House and Senate yesterday proposed a transaction tax to raise $150 billion per year to help close the federal budget deficit and fund infrastructure projects. H.R. 4191, the Let Wall Street Pay for the Restoration of Main Street Act, would impose a 0.25% tax on stock transactions...

Full post as published by TaxProf Blog on December 04, 2009 (boomark / email).

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