The Micro-Cent Tax — Part II

Andrew D Ellis
3 min readAug 4, 2020

A few weeks ago, David Applefield and I wrote an op-ed in NJ.Com calling for a micro-cent tax on stock transactions. The Micro-Cent Tax Given that more than 10 billion shares a day are traded through servers housed in New Jersey, we projected that such a tax would raise more than $8 billion per year for New Jersey. This would be far better than Governor Murphy’s plan to add yet more to New Jersey’s outstanding pre-COVID debt of $190…

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