[lewislynn]

The problem with taxing every exchange is that a product that changes hands five times at 10% taxation, becomes 61% more expensive.

I'd like to see that math.

[SampleMan]

The problem with taxing every exchange is that a product that changes hands five times at 10% taxation, becomes 61% more expensive.

I'd like to see that math.

$1.00 X 10% = $1.10

$1.10 X 10% = $1.21

$1.21 X 10% = $1.33

$1.33 X 10% = $1.46

$1.46 X 10% = $1.61

Any other areas of study that I can help you with?