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Spitfire of ATJ

(32,723 posts)

7. We have a legal fiction defining stock transactions as "trades",...

Reply to kentuck (Original post)

Sat Apr 6, 2013, 04:06 PM

Apr 2013

....and since there is no "sale" there is no "sales tax".

Kinda like how that spill of black liquid in Arkansas is exempt from laws regarding oil spills because it's not legally defined as "oil".

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Why can't we do this? [View all] kentuck Apr 2013 OP

The UK does it and has done so for years. It's the thing to do, economically and for the good of the byeya Apr 2013 #1

NY actually does tax stock transactions. redwitch Apr 2013 #2

We can't do that, but Congress can. MineralMan Apr 2013 #3

Go Here, And Read The Entire Thing: WillyT Apr 2013 #4

Nurses have called for that one for years. Warpy Apr 2013 #5

It's not like there are no solutions... kentuck Apr 2013 #6

We have a legal fiction defining stock transactions as "trades",... Spitfire of ATJ Apr 2013 #7

In that case... kentuck Apr 2013 #8

It's kinda like this... Spitfire of ATJ Apr 2013 #10

Definitely a stellar idea. limpyhobbler Apr 2013 #9