Stock Market question ....

[Telstra]

Brokerage is a business. Their fees are their wages. They pay taxes on those wages.

oh i see.
So the government get nothing. I say scrap that (the middle man) and the government takes all

 

[Alistair]

There is no stopping the booms and busts of markets. We are due for one about now by the way - in America.

It's about to happen. Big business ( the heavy vehicle manufacturing for us) is restricting purchases. We're also diversified in the agricultural sector and we're taking a bath on that thanks to Trumps ag. Policy.

 

[Rickrock]

A tax on every stock trade would be like a sales tax. If it were too high people would just put their money in the bank where they could earn interest unless the stock made more money than the bank interest. In that case people would pay taxes on the increase which is what they do now. Also, stocks can loose value. What should happen then? I have never owned much stock and when I did, I pretty much lost what I had. When the retirement programs started and money was put into them in stocks was when I started to have some investments. I appreciate having that because I could not have saved enough on my own.

 

[Gussss]

The money used to buy the stock has already been taxed, why tax it again when you sell it? You have to pay taxes on any gain you make when you sell, and you're taxed on any dividends that the company pays you. Uncle Sam is gonna get his share.

 

[Telstra]

A tax on every stock trade would be like a sales tax. If it were too high people would just put their money in the bank where they could earn interest unless the stock made more money than the bank interest. In that case people would pay taxes on the increase which is what they do now. Also, stocks can loose value. What should happen then? I have never owned much stock and when I did, I pretty much lost what I had. When the retirement programs started and money was put into them in stocks was when I started to have some investments. I appreciate having that because I could not have saved enough on my own.

Stock market is like gambling, win or loose is your problem.
Therefore tax the gambler so they don't need to buy or sell constantly

 

[swerve]

There is no stopping the booms and busts of markets. We are due for one about now by the way - in America.

Actually, there are built in brakes (or "circuit breakers") to curb trading in a boom or bust market. This won't prevent the 'overall' result -- but could prevent an actual crash.

 

[unloadonme]

In the UK you're generally charged either Stamp Duty or Stamp Duty Reserve Tax when you buy shares. If you sell shares for more than they cost, you will potentially have to pay Capital Gains Tax on the increase in value.

https://www.gov.uk/tax-buy-shares
https://www.gov.uk/tax-sell-shares

 

[offthewall14420]

The market is a device for the rich to steal money from the working man's meager savings. We shouldn't tax them, we should drag their asses out into the street, beat them, and confiscate their money.

 

[offthewall14420]

But that only stops it for a few hours giving everyone an opportunity to panic and sell. There's no way monetary policy can soften the coming recession since we're already below recession level interest rates and the open market already has trillions on the books. This economic expansion is the biggest fairy tale. Fundamentals remain weak.

 

[swerve]

Bitcoin.

HmmmmHmmmmHmmmm.

Or.

Stop paying attention.