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Thread: China shouldn't lower the stamp tax for stock trading?
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[quote=MARRIE,285186]i saw somebody's tax returns with million of capital gain with half of them taxed, in another word, gains from stock market are taxed at much lower margin rate than interests from savings. this encourage investment in long run because frequent short term trading costs offset gains assuming you are retail investor. I have doubt that this news will stimulate market. However, in reality this news most probably stimulates greed hidden in almost everybody in the market where most participants are chasing the dream of millions of gain just via clicking away on the trading software no matter how high the expenses are and how low the probability is . this is human nature and stock market never dies.[/quote]
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