Does the stupidity and B.S. ever end with our U.S. government?
Now they’re proposing something that will COST YOU as a trader. So far it looks to only affect stock and futures traders, but I expect they’d want to include Forex sometime soon too.
Hey, it’s the government, and they’ve figured out a new income source: traders.
Take a look here to see what I’m talking about.
http://www.rallycongress.com/no2tradertax/1536/tell-congres-to-block-trader-tax/
Write or call your congressman and tell them this is one of the most stupid things as it will only serve to backfire, especially on the small guy (or gal) in the world of trading. As usual, the big players will have a loophole to take advantage of.
Don’t dismiss this as it will add up on you in a substantial way!
Just thought you’d want to know, if you weren’t aware of it already.
Cheers
Brian
P.S. This was brought to my attention by Bill McCready, a very professional trader and trading coach in the futures sector. You can find out more about him and his excellent resources here.