Support and Resistance Trading Forum

Re: IMPORTANT TRADERS TAX LEGISLATION - MUST READ
By:George Thompson
Date: 12/15/2009, 2:06 pm

Proposed HR 4191 wants to impose a 0.02% transaction tax on the value of futures trades. How is the value computed on these types?

Corn - Corn was at 4.0925 yesterday. Is that in dollars per bushel? Then that would make the value at $20,462.50 for one contract?

e-Mini Nasdaq - Was at 1,806 yesterday. Then that would make the value at $36,120 for one contract?

T-notes - Was at 117.180 yesterday. Then that would make the value at $117,180 for one contract?

Is my math right on these?

George

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