Bernie lost me with the Robin Hood Tax

[DanTex]

324. Another thing to keep in mind.

In the unlikely even that this actually becomes law, you are probably going to be exempt. Looks like Bernie is proposing a 0.5% tax on stock transactions, which is pretty high as these things go. In this case, it is likely that 401ks are going to be exempt, and that there is going to be a threshold where the tax kicks in.

For example, here is the text of a FTT bill that was proposed to congress, charging 0.25% per stock trade. Tax-free retirement accounts are exempt, mutual funds are exempt, and all individuals receive a credit for their first $100,000 of transactions per year. So if Bernie's bill looks anything like this, unless you are planning to trade more than $100K (and this means actually trade, not just own) in a year in a non-retirement account, it won't affect you at all.

https://www.govtrack.us/congress/bills/111/hr4191/text