H.R.4035

Wall Street Tax Act of 2025 imposes a tax on certain trading transactions.

The Wall Street Tax Act of 2025 amends the Internal Revenue Code to introduce a tax on specific trading transactions. The tax applies to purchases and transactions involving derivatives, with exceptions for certain real property, embedded derivative components of debt instruments, and other specified items. The tax rate increases incrementally from 0.02 percent to 0.1 percent over several years. The tax is to be paid by the purchaser or seller, depending on whether they are a United States person.