Tell Congress to Block the Trader Tax

38,802 People Have Sent 76,600 Letters and Emails

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Some recent comments: these messages are published with permission of the signer.

Total Signers: 38,802    View More: 389 388 387 386 385 384 383 382 381 380 379 378 377 376 375 374 373 372 371 370 369 368 367 366 365 364 363 362 361 360 359 358 357 356 355 354 353 352 351 350 349 348 347 346 345 344 343 342 341 340 339 338 337 336 335 334 333 332 331 330 329 328 327 326 325 324 323 322 321 320 319 318 317 316 315 314 313 312 311 310 309 308 307 306 305 304 303 302 301 300 299 298 297 296 295 294 293 292 291 290 289 288 287 286 285 284 283 282 281 280 279 278 277 276 275 274 273 272 271 270 269 268 267 266 265 264 263 262 261 260 259    258 257 256 255 254 253 252 251 250 249 248 247 246 245 244 243 242 241 240 239 238 237 236 235 234 233 232 231 230 229 228 227 226 225 224 223 222 221 220 219 218 217 216 215 214 213 212 211 210 209 208 207 206 205 204 203 202 201 200 199 198 197 196 195 194 193 192 191 190 189 188 187 186 185 184 183 182 181 180 179 178 177 176 175 174 173 172 171 170 169 168 167 166 165 164 163 162 161 160 159 158 157 156 155 154 153 152 151 150 149 148 147 146 145 144 143 142 141 140 139 138 137 136 135 134 133 132 131 130 129 128 127 126 125 124 123 122 121 120 119 118 117 116 115 114 113 112 111 110 109 108 107 106 105 104 103 102 101 100 99 98 97 96 95 94 93 92 91 90 89 88 87 86 85 84 83 82 81 80 79 78 77 76 75 74 73 72 71 70 69 68 67 66 65 64 63 62 61 60 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1

  1. This will hurt more regular people like me trying to make a buck to live after my 401 retirement has lost 68% of the value. More and more regular folks like myself with little funds are trying to survive by trading.

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  3. PLEASE RECONSIDER AND DO NOT PASS THIS BILL.
    I AM RETIRED. I REALLY WORKED HARD TO SAVE MONEY FOR MY RETIREMENT AND NOW IT IS 1/2 OF WHAT IT WAS WHEN I RETIRED. THE WAY I TRY TO MAKE IT UP IS BY TRADING!

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  5. As our congress representative, please vote NO on H.R 1068. As of right now, I'm keep losing almost all my money in the trading, how am I going to pay for those taxes?

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  7. This simpleton does not realize that we "daytrading churners" are the one providing liquidity. You want to know what happens when liquidity goes away?? LESS price stability. What a moron.

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  9. This is insane. Has anyone thought about all the income tax that will be lost? Or the amount of Trading firms going under, and not to metion all the unemployed traders?

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  11. The Trader tax will only hurt more Americans

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  13. I am trying to trade for a living and thus be self employed. Such a tax as proposed would make that impossible for myself and I would assume most traders such as myself. As a result I would not be able to employ myself and would become of the those competing for jobs with the millions of others. How would that benefit the country?

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  15. If this bill is passed, anyone who transacts U.S. financial instruments will pay this tax--whether it is a professional providing liquidity to the marketplace, or a small long term investor. Because market makers and other liquidity providers make profits on high volume and extremely small spreads (the price difference between bids and offers), they will likely be forced out of the business, spreads will greatly widen, and liquidity will dry up. Without adequate liquidity (someone willing to take the other side of a trade), the markets could be severely crippled since it will become both costly and risky to initiate or offset a financial transaction in the open markets. Therefore, speculators, market makers, day traders, etc., all provide liquidity and are essential to the healthy functioning of the markets. Essentially, the entire nation will pay for the tax.

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  17. This tax will not only by on the large security companies but will effect the many small traders; who are just average American's trying to save for retirement.

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  19. Enough of bailing out failing processes,institutions, companies and politics

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  21. No more Taxes!

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  23. On a personal basis, I am a retiree with a small trading account to supplement my SS income. I trade actively and the passing of this bill would be DEVESTATING to me. I would have to stop my trading, which would result in lowering the amount of taxes I pay.

    This bill is poorly thought out and should not receive any consideration whatsoever.

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  25. Block the traders tax

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  27. VOTE NO on H.R.1068. This tax will put a lot of people out of business. Joe Plumber investor should not have to pay for Wall Street bailout. This will significantly reduce liquidity in the markets and US tax payers do not need another dissincentive to save thier own money. To stay competitive in todays world markets, we need to keep costs down. Otherwise the investments will go to other countries stock markets.
    PLEASE Do yourself the favor and your kids/grandkids VOTE NO to H.R. 1068.
    VOTE NO to H.R.1068.

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  29. lets not kill this industry where we are individual traders trying to make a living cause we got laid off of our regular job.

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  31. Implementation of this would seem to punish the investor for the misdeeds and poor financial planning of the of the brokerage house.

    We live in America - everyone is free to succeed or fail. If they fail there are consequences. Why should I pay here? This is just wrong.

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  33. how can we now tax traders for the mistakes of the banks and goverment. With the current state of the markets we should be rewardimg those willing to invest.

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  35. Taxing our profits isn't enough?

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  37. This is another misguided attempt to saddle the wrong party (small traders) with the blame for Wall Street's meltdown. I make my living placing dozens of trades each day. If I screw up, I have only myself to blame. Why should my hard-won earnings pay to bail out the big banks and their obscenely paid decision makers?

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  39. Against this very concept of charging tax on transactions.

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  41. If you want less people to invest in the
    market,this is the way to do it.

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  43. I will simply do business on a foreign exchange. USA loses to the socialists, what a pity. I will never vote for a Democrat again.

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  45. NO

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Total Signers: 38,802    View More: 389 388 387 386 385 384 383 382 381 380 379 378 377 376 375 374 373 372 371 370 369 368 367 366 365 364 363 362 361 360 359 358 357 356 355 354 353 352 351 350 349 348 347 346 345 344 343 342 341 340 339 338 337 336 335 334 333 332 331 330 329 328 327 326 325 324 323 322 321 320 319 318 317 316 315 314 313 312 311 310 309 308 307 306 305 304 303 302 301 300 299 298 297 296 295 294 293 292 291 290 289 288 287 286 285 284 283 282 281 280 279 278 277 276 275 274 273 272 271 270 269 268 267 266 265 264 263 262 261 260 259    258 257 256 255 254 253 252 251 250 249 248 247 246 245 244 243 242 241 240 239 238 237 236 235 234 233 232 231 230 229 228 227 226 225 224 223 222 221 220 219 218 217 216 215 214 213 212 211 210 209 208 207 206 205 204 203 202 201 200 199 198 197 196 195 194 193 192 191 190 189 188 187 186 185 184 183 182 181 180 179 178 177 176 175 174 173 172 171 170 169 168 167 166 165 164 163 162 161 160 159 158 157 156 155 154 153 152 151 150 149 148 147 146 145 144 143 142 141 140 139 138 137 136 135 134 133 132 131 130 129 128 127 126 125 124 123 122 121 120 119 118 117 116 115 114 113 112 111 110 109 108 107 106 105 104 103 102 101 100 99 98 97 96 95 94 93 92 91 90 89 88 87 86 85 84 83 82 81 80 79 78 77 76 75 74 73 72 71 70 69 68 67 66 65 64 63 62 61 60 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1

Sign the Petition

Petition created by James DePorre

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