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 tax will not only hurt traders, it will dry up liquidity on all financial markets, causing MORE unemployment. Why tax the traders? They aren't the ones that caused the housing mess. After a week of this tax, most will go out of business, more unemployment, THEN after they leave, there will be no tax revenues when the traders stop trading. So you cause unemployment, AND won't collect tax anyways as traders leave.

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  3. Why can't you guys just make everything fair and just charge a 4% internet tax...or a consumption tax for all goods bought on the internet. It's that simple.
    How can you guys support someone that is so anti-Wall Street...

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  5. Enough is enough- small business growth is Americas growth- when will they learn that by reducing taxes will actually INCREASE revenues by encouraging business hiring and expansion- how can we compete with other countries when our corporations are taxed at 35%+ and foreign business taxed at 12-15%- when will our so-called leaders understand this?

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  7. Tax, tax, tax, tax.... when will it EVER END? As you are aware, everyone should have a "budget" - we do - EXCEPT FOR CONGRESS!! I will be HAPPY WHEN I DIE, as I can get away from this illogical thinking of spend, spend, spend, spend, spend, spend, .... just to get re-elected. WHAT A DISGRACE our country has fallen into.

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  9. We are traders in securities. We would most likely be put out of business by this tax. Who would THAT help?

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  11. A trader tax is unethical, unconstitutional and puts an unfair burden on the trading public. As it stands we pay regular income tax on any profits we make. Isn't this enough?

    We didn't cause this mess and we shouldn't pay for it.

    Trading puts liquidity into the market. A very high % of traders are small potatoes yet do a high volume of trades. On a 50K account traded several hundreds times throughout the year, this transaction tax would wipe out all the equity!! What is fair about that?

    People will stop trading and tax revenue will suffer while giving an unfair advantage to the likes of GS. We already bailed them out once now we have to do it again?

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  13. This transaction tax will only serve to increase investment costs and decrease returns. I am sure that the volume of transactions would decrease significantly and that tax revenues collected from Schedule D transactions would also decrease. This tax could result in an overall reduction of taxes into the Treasury.

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  15. It is simple This hurts the smaller investor. Not the ones who created this mess. I dont believe in being a victim. I vote and I blog.

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  17. I'm learning trading after my other freelance business tanked with 9/11 and now the recession. Retail traders like me don't have a very level playing field to begin with. This bill would only add to the burden of trying to make a living through trading.

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  19. I have a fixed income. The county and city have already raised everything they could including Property Tax when the value of the property has gone down! What sense does that make? I'm already drowning in taxes. My investments are the little hope I have. Don't tax me to death!

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  21. I am Canadian Resident who trades the US Markets. This tax has far reaching implications as it will passed on to the individual trader.

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  23. Small, independent traders shouldn't be burdened with a penalty like this. There must be some protection for individual traders trying to make extra money each month.

    More taxes? It doesn't make sense.

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  25. More taxes? Small, independent traders shouldn't be burdened with a penalty like this. It makes no sense, and shows a clear disconnect between Washington D.C. and the rest of the country.

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  27. I am one of the quiet unemployed/unemployable due to disability. I CAN, however, sit at a computer and make a living trading options. Please consider folks like me and do what you can to allow us individual retail traders continue to trade unhampered by this nonsensical punitive action.

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  29. This bill, in the event of being promulgated into law, would bankrupt so many downsized and laid off middle aged people who are unable to replicate their previous incomes as employees of Fortune 500 companies where the outsourcing continues at a massive pace.

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  31. The trader tax threatens to hurt the average person who is just trying to find a way to secure a reasonable retirement. Are the taxpayers not doing enough bailing out the banks. Please find another way to increase revenue or better yet downsize government.

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  33. I am just a self employed trader and this will put me out of business.

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  35. This makes no sense

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  37. Just another money grab!

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  39. I was laidoff and I cannot find a job. So I started day trading the stockmarkets. I make a small amount to support the basic neccesities of my family and if this Bill is approved I will have to stop trading the US markets.

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  41. I was laidoff and I cannot find a job. So I started day trading the stockmarkets. I make a small amount to support the basic neccesities of my family and if this Bill is approved I will have to stop trading the US markets.

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  43. I was laidoff and I cannot find a job. So I started day trading the stockmarkets. I make a small amount to support the basic neccesities of my family and if this Bill is approved I will have to stop trading the US markets.

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  45. I was laidoff and I cannot find a job. So I started day trading the stockmarkets. I make a small amount to support the basic neccesities of my family and if this Bill is approved I will have to stop trading the US markets.

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  47. I was laidoff from and started day trading the stockmarkets since I cannot find a job. I make a small amount to support the basic neccesities of my family and if this Bill is approved I will have to stop trading the US markets.

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  49. As a layed off electrical engineer trading has been the only way I have been able to make a living since 2002. Reg T was damaging enough to the individual trader. This tax would stop individuals from trading and encourage them to leave the country so they could continue making a living.

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  51. This tax is wrong! This tax targets the taxpayers yet again.

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  53. I'm not rich, and this tax will hurt my ability to make the bills. The labor unions are being their usual greedy, ignorant selves.

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  55. I count on my trades each week to help with my bills since i am on disability. the tax would take away to much of my gains to make it worth while and will do without. So many programs that attack the rich end up hurting us little people.

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  57. NO NEW TAXES! Remember....

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  59. NO NEW TAXES! One term sounds right for you Mr Obama!

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  61. tax the institution or abuse trading like 2.000 per day, not the individual

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  63. Tax those that supposedly needed the money NOT me the indivual trader.

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  65. How does reducing capital gains through taxes on transactions increase net tax revenues??? Congressman, please completely read and "THINK" about bills you sponsor!

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  67. DeFazio's bill is a wrong way to punish the "Wall Street," and would significantly reduce liquidity in markets which would hurt everyone.

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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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