Trader TAX petition

[tradersboredom]

the commissions and volume on other markets makes it too expensive to retail daytrade.

probably only way for 'traders' to make money on the markets is position trading no daytrading.

Quote from ggoyal:

if this thing turns out to be a problem, i will definitely trade other markets and it's pretty obvious volume on those exchanges will rise as people like me will trade them. Now if for some reason citizenship becomes a problem and they still want to tax me, I will give up my US citizenship too.

This is ridiculous. Obviously we don't want it to pass, but because of all the mess, it might actually pass. Can anyone informative provide some details on which foreign exchanges do not have this "transaction tax"??

 

[TraDaToR]

Quote from tradersboredom:

the commissions and volume on other markets makes it too expensive to retail daytrade.

Commissions on european futures exchanges are comparable to US exchanges. They are even a bit cheaper compared to tick size.

http://www.interactivebrokers.com/en/accounts/fees/commission.php?ib_entity=llc

 

[sogodo]

just fired, that's it?
what about returning all bonuses for the last 2-3 years?
if the bonuses gone, foreclosure their properties, arrest assets, transfer to collection agencies etc, i.e. in the same way they always acted to others

just kidding

Quote from OleGeezer:
Before they tax us, Congress needs to get CEO's of BofA and Citibank fired, please.

 

[sophiekay]

Over 40,000 signatures on Petition so far...

Quote from ericmoles:

This may have been posted before, but it is important and will affect traders.

Congress meets tomorrow, March 2.

Follow this link if you'd like to sign the petition and have emails sent to your congressmen and senators. It is really easy.

http://www.rallycongress.com/no2tradertax/1536/

This link describes the proposed legislation

http://www.govtrack.us/congress/billtext.xpd?bill=h111-1068