Governmental Plan to Tax Traders Gaining Momentum in Congress

I found this message and link at investor's hub dot com. The link is to a petition against such a tax. If you want to send a letter to your representatives as well they want to soak you for $9.00.



"**Urgent Attention**

Talk of the "trader tax" is gaining momentum in congress , a typical 10,000 trade will incur an additional $50 tax if this bill passes. We are talking about $500 to over $5,000 in additional taxes in just one week for many traders.... even on losing trades. I urge you all to fill out this simple form that will email a letter telling congress not to pass this tax. If it is passed it will kill the liquidity in the market and we all will be screwed.... http://www.rallycong...ock-trader-tax/

"

Sincerely yours,

Rich, the Apprentice

i guess the bots can just trade with themselves, from BVI or where ever.... if you do write - pomt out that it will hurt retirement plans bcause most americans have there retirement in 401K funds.

Edited by dasein, 13 November 2009 - 03:26 PM.

Sent

Sent

Ridiculous! Are they gonna tax GS too? I won't be happy paying this but will take great pleasure to see GS go down.

I found this message and link at investor's hub dot com. The link is to a petition against such a tax. If you want to send a letter to your representatives as well they want to soak you for $9.00.



"**Urgent Attention**

Talk of the "trader tax" is gaining momentum in congress , a typical 10,000 trade will incur an additional $50 tax if this bill passes. We are talking about $500 to over $5,000 in additional taxes in just one week for many traders.... even on losing trades. I urge you all to fill out this simple form that will email a letter telling congress not to pass this tax. If it is passed it will kill the liquidity in the market and we all will be screwed.... http://www.rallycong...ock-trader-tax/

"

Sincerely yours,

Rich, the Apprentice

To sign the petition offered at the link below and have it routed to your members of Congress is entirely free. Sorry if I created a misimpression in the message below.

I found this message and link at investor's hub dot com. The link is to a petition against such a tax. If you want to send a letter to your representatives as well they want to soak you for $9.00. However, if you wish to sign their petition and have it routed as an email to your members of Congress then that is entirely free.



"**Urgent Attention**

Talk of the "trader tax" is gaining momentum in congress , a typical 10,000 trade will incur an additional $50 tax if this bill passes. We are talking about $500 to over $5,000 in additional taxes in just one week for many traders.... even on losing trades. I urge you all to fill out this simple form that will email a letter telling congress not to pass this tax. If it is passed it will kill the liquidity in the market and we all will be screwed.... http://www.rallycong...ock-trader-tax/

"

Sincerely yours,

Rich, the Apprentice

"In fact, since 1991 he has introduced 180 bills on various topics, with 161 not making it out of committee, and only 10 enacted. So the odds of Comrade DeFazio getting this bill through is not good." much ado about nothing....very very unlikely this "proposal" would even make it out of the committee

Edited by norton, 13 November 2009 - 03:51 PM.

Thanks, Rich. Already did.

BTW, I think China has the tax of this sort.

To sign the petition offered at the link below and have it routed to your members of Congress is entirely free. Sorry if I created a misimpression in the message below.

I found this message and link at investor's hub dot com. The link is to a petition against such a tax. If you want to send a letter to your representatives as well they want to soak you for $9.00. However, if you wish to sign their petition and have it routed as an email to your members of Congress then that is entirely free.



"**Urgent Attention**

Talk of the "trader tax" is gaining momentum in congress , a typical 10,000 trade will incur an additional $50 tax if this bill passes. We are talking about $500 to over $5,000 in additional taxes in just one week for many traders.... even on losing trades. I urge you all to fill out this simple form that will email a letter telling congress not to pass this tax. If it is passed it will kill the liquidity in the market and we all will be screwed.... http://www.rallycong...ock-trader-tax/

"

Sincerely yours,

Rich, the Apprentice

Here's an ongoing thread about the traders tax since January. The situation is updated regularly. You might want to post your link there. Good way to update yourself as well. I think alot of us signed this position 6 months ago if memory serves. Check this thread out for recent events.

http://www.elitetrad...threadid=150546

IT

Edited by IndexTrader, 13 November 2009 - 04:21 PM.

Ridiculous! Are they gonna tax GS too? I won't be happy paying this but will take great pleasure to see GS go down.

No need to tax them, but wouldn't hurt for them to ban their counterproductive high-frequency trading, which adds little value to the original intent of the stock market (raise capital and determine fair value of publicly traded entities).....only value is the scalp-trading pennies it pilfers from ordinary investors and traders that play on a level playing field.