November 18
The financial transaction tax would be a major hit to pension funds, which are a major source of retirement income for our nation’s workers.
For example, an average city firemen pension fund with $345 million assets under management (AUM) would pay $429,000 in annual FTT, and an average state public pension fund with $68 billion AUM would be liable for $132 million in FTT each year.
Learn how the FTT impacts: