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Vanguard: Main Street investors at risk

A financial transaction tax would harm everyday savers

A financial transaction tax (FTT) would hinder millions of American investors who are striving to reach their long-term financial goals. Such taxes are borne by everyone who invests. That includes Main Street families saving for their retirement—not just Wall Street banks and high-frequency traders.

Quantifying the hardships imposed on American families

An FTT generates a substantial drag on investment returns as the tax cascades and compounds over time. The real- world implications for investors, including those investing in retirement accounts, are sobering.

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