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. Obviously Mr. DeFazio has no understanding of average people like myself who are trying to make a few extra bucks by trading - the stock market presents enormous opportunity for anyone if they are willing to put a little time in and find an aspect of trading from which they can profit.

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  3. Obama is taxing us to death, we don't need any more taxes for making a living trading stocks.

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  5. Don't run small brokerages out of business and destroy jobs you dumbasses.

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  7. I saw an interview with the U.S. Congressman Peter DeFazio, who said a similar tax was added long ago in our similar crisis. However the cost of a trade long ago was much higher, like $150 for a few hundred shares, while today that same trade can be as litle as $1 to $7 for a few hundred shares. What that means is a tax of $12 or so is a huge percentage of comissions currently compared to what it was previously, many years ago. Obviously tax related to the comissions would make more sense altough the tax in general seems illogical.

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  9. I'm a main street independent trader, not from Wall street. This will take away my livelihood

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  11. destroys small traders!
    THINK PEOPLE THINK!!!

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  13. This will be like all other "attempts" to
    "protect the public" something the big
    guys will get around and will be enforced against their competition. One of many
    examples is Madoff.

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  15. How dare you what next tax everyo..... never mind you already working on that. Why dont you go ahead and tax the air we breathe

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  17. dont you DARE - if you want to save money, cut the congressional term to 4-8 years, with no pension, and quit thinking you are above the law

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  19. Please do not pass this tax. If it is passed many of traders for living like me will face a hard time to support families. Best regards.

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  21. NO !!!

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  23. My vote is "NO" on H.R. 1068.

    It would be more of "TAX" on us little guys than on the "ALREADY" rich in this country.
    Especially the likes of "GOLDMAN SACHS" etc.

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  25. Now you don't me to invest! You put in that tax and I won't. Just HOW do you think jobs are created? You guys don't have a clue as to how an economy works.

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  27. If this passes I will close my businesses and move offshore with my money, you make the choice. I'm a plumbing contractor and employee over 30 people and a very active stock trader. I pay more than my share in taxes already enough is enough.

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  29. Have you retards lost your minds. You spend TRILLIONS of dollars of OUR money on total BS and now you want to TAX our Stock TRADEs??

    Our government has turned into a total DEN of THIEVES!!!

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  31. Do not pass this bill!

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  33. Trading is the only way I can fix the mess that brokers have done to my portfolio!!! STOP HURTING THE LITTLE GUY!!!! Fidelity employees knew in October they were getting their bonuses for the year!!! Wall Street Execs are just fine. The govt is killing the middle class!!!

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  35. Stop trying to take every penny you can from hard working people. And what is the point of passing a freakin law that allows those companies to pass that fee down to the people again. Who the hell are you politicians kidding. By the way, the American people can see that these forms of laws are just more ways to tax us illegally. You steal from us every way you can, and this is just another one of your conniving tactics .

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  37. I gladly pay taxes on my gains, please do not add the addition burden of taxing my losses too.

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  39. This bill is unrealistic and will destroy the careers of traders who make a living trading. Not just "wall street" but the individual at home wanting to make a living trading and provide for their families...! Please don't do this!!!!!!!!!!

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  41. THIS TAX WOULD BE DEVASTATING TO THOSE OF US WHO TRADE STOCKS FOR A LIVING. PLEASE VOTE NO ON THIS BILL, H.R. 1068

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  43. TAX CONGRESS NOT ME

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  45. This adds so much cost to traders already. Paying tax on top of heavy commission. That's not FAIR.

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  47. Those of us who trade by ourselves online didn't receive any bailout, only the big companies received bailout money. Don't penalize the small trader for something the institutions di.

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  49. You have got to be kidding ! This is my job. Government would be killing thousands of jobs with this tax. How about cutting some entitlement programs instead, duh ?

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  51. Look at the comments following the article by Silla Brush published on November 24, 2009, in The Hill. They provide numerous reasons why a transaction tax would be an economic disaster. The Democrats are in serious trouble with 65% of the public. If this tax is instituted, it will be one more reason for many middle-class voters to throw any and every Democrat out of Congress.

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  53. This sounds like the real goal is to transfer more power and money back to financial institutions. What a disaster that would be. Fewer independent traders, more money flowing to the financial institutions. I wouldn't doubt if this "plan" was recommended by the financial institutions themselves.

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  55. No on trader tax. Enough taxes already!

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  57. This is my job. Does government want to save jobs, or tax our jobs into non-existence? Please raise the IQ level in government!

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  59. I'm an independent trader making a modest living. A tax on the transaction would kill any possible profit. This tax would kill all independent traders, decrease trading volume, and increase stock volatility. I would prefer increased the tax rate than any transaction tax. Why tax me twice? Why tax me when I have losses? I would go broke with this tax.

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  61. I`m barely making a living as a trader.

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  63. Why not go after big banks and lender who hurt the economy with subprime mortgages?

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  65. This action isn't to "get back" at anybody except to provide a sneaky tax to give our broke gov't more money to waste!

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  67. Another way to hurt the little guy? This is a double tax. You tax profits and now you want to tax the trade, profit or loss? Awful idea.

    Also, why further hurt investors because of banks mistakes and greed? Once was enough. We don't want to pay AGAIN for their poor judgment.

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  69. Hi, I live in Akron OH. I have been trading for a little over 2 years now and see this as a way to supplement my income from my job. I graduated college with a BA and still am unable to find a job that pays a REAL LIVING wage. You CAN NOT live on 10.25 an hr and raise a family, pay a mortgage, pay bills etc. This needs serious re-thinking. A lot of people who have no job because they are laid off or can not find work have turned to this as well.

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  71. I am an independent trader. If you must raise taxes, please do so on my gains, not on each transaction. Thank you.

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  73. This tax would be very painful for individual investors. Large institutions will simply find loopholes while the little guy pays the bill.

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  75. A lot of retail investors have lost their main employment and trading is all we have left, especially if we are older. This needs serious re-thinking.

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  77. This will destroy the liquidity in the market, Which in turn will completely crash the economy. Our country is becoming a crash course..

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  79. A lot of retail investors have lost there main employment and trading is all we have left, especially if we are older. This needs serious re-thinking.

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  81. Terribly idea. The not so bright reps who think that this a good idea have not thought this out. The intent is to penalize Wall Street, but the reality is that it will hurt Main Street.

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  83. Of course, another tax will solve the problem, right?! Collectively, we really need to put more thought into who we elect to run our country.

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  85. First you allow the scum on wall street to cut my 401K in half and then you tax me to pay for their greed. Get the money directly from the source not the people who use their products.

    This will hurt many retirees like me who supplement their retirement income by trading.

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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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