Posts Tagged ‘Personal Income Tax’

Wall Street Bonuses Rise 17%

(Bloomberg) — Wall Street bonuses rose 17 percent in 2009 from a year earlier as the securities industry rebounded from the financial crisis, New York State Comptroller Thomas DiNapoli said.Financial firms disbursed $20.3 billion compared with $18.4 billion in 2008, DiNapoli’s office calculated, basing its estimate on personal income-tax collections.

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CBOE, peers decry tax change

(Crain’s) — A federal budget proposal to repeal a longstanding tax break for professional traders would boost costs for investors and hurt financial markets, Chicago Board Options Exchange Chairman William Brodsky and his counterparts at all six rival U.S. options exchanges told a key lawmaker in a letter.Market makers stand ready to buy when investors want to sell and to sell when investors want to buy, providing liquidity in tens of thousands of options contracts.

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