I agree but that would limit the IRS, essentially cutting them out of the millions upon Millions of "transactions". they feel they have the right to tax said transaction.. I foresee a huge legal battle and possibly on the more extreme end eventually blocking of certain exchanges with the FCC trying to "defreedomize" (not a word but it fit) the internet..
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I like the new word:)
If it can work for Fidelity without legal battles, then I don't see why not for our individual trading. Besides, I don't thinks it's possible for them to track all transactions. Unless they put that burden onto the exchanges. But the exchanges would like do the same as Fidelity.