this would work. for stocks, tax rate is 5%. for bonds, the tax rate would be a 0.05%. for derivative would be 0.05%. lawmakers estimated it would bring in $220 billion revenue in if first year and $2.4 trillion over ten years. it would affect some lower and middle class families. that's why the sponsors say they included a tax credit for single filers making up to $50,000 and married couples with income up to $75,000. the tax would be in addition to fees already charged on financial transactions. the security and exchange commission imposes a fee of $20.70 per $1 million in stock