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Commentary: The Specter of a Transaction Tax Rises Again

Traders Magazine Online News, September 9, 2009

Stephen J Nelson; The Nelson Law Firm, LLC

As it happens, New York State's tax on securities transactions remains on the books, yet suspended. Just about every year, some legislator in Albany proposes to bring it out of suspension. The notion is particularly attractive whenever the state finds it difficult to pay its bills, and we are knee deep in red ink at the moment.

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