Wall street sales tax?
March 14, 2012 7:44 AM Subscribe
Have securities (stocks, bonds, etc.) ever been treated the same as physical goods in terms of buying and selling them? I am specifically thinking of sales taxes, but knowing about other aspects is welcome as well.
posted by Hactar to Law & Government (9 answers total) 1 user marked this as a favorite
This question came from a comment I made here
where I half joked about applying Herman Cain's 9/9/9 sales tax idea to stocks, bonds, etc.
Follow up: why is the purchase of securities treated as different than the purchase of physical goods? Was there a difference from the beginning, or were they ever considered similar/the same?