A 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 - is a disaster to traders, even if you sell it at a loss. 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.
Please sign this online petition:
http://www.rallycongress.com/no2tradertax/1536/
Please contact your local senators and voice your disapproval:
http://www.senate.gov/general/contact_information/senators_cfm.cfm
Please contact your local Representatives and speak your mind:
http://www.house.gov/house/MemberWWW.shtml
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