Sign Petition Against Trader Tax

Discussion in 'Chit Chat' started by sophiekay, Feb 21, 2009.

  1. Received this from Dan Zanger in regards to proposed Trader Tax on Stocks, Options and Futures. The bill, H.R. 1068 was proposed on Feb 13, 2009 by Congressman Peter DeFazio. Dan gives a link to a petition being signed against the tax. There are over 20,000 signatures so far!

    From Newsletter:
    Details of a new, proposed tax is making the rounds in Congress. A financial-transactions tax on the sale or transfer of financial assets - 0.25 percent of proceeds and purchases - would be levied against traders regardless of whether they make or lose money.

    A 0.25 percent financial-transaction tax on $10 million of proceeds OR PURCHASES equals a tax of $50,000 per year. This is even if you lose money on those trades!! This tax applies to stocks, options, and futures.

    Our view is that traders, particularly those who have managed their assets well enough to be able to trade the market, should not have to pay for the mistakes of poorly managed institutions.

    Please sign this online petition:

    Please contact your local senators and voice your disapproval:

    Please contact your local Representatives and speak your mind:

    Daniel J. Zanger
  2. Bump