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Some analysts concern that Biden and a Blue Wave might discover extra methods to tax Wall Avenue

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Democratic presidential candidate Joe Biden speaks at the Beech Woods Recreation Center in Southfield, Michigan on October 16, 2020.

Jim Watson | AFP | Getty Images

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If Biden wins, some analysts fear his government and a possible majority of blue lawmakers will enact a financial transactions tax that could affect trade and markets.

A financial transaction tax is a tax that is imposed on any financial security business, and Wall Street analysts tell clients that the outcome could affect trading volume, exchanges, and e-brokers.

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Steven Gregory