Details of a new, 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 - would be levied against traders regardless of whether they make or lose money.

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.

Our view is that traders, particularly those who have managed their assets well enough to be able to trade the market, should not have to pay for the mistakes of poorly managed institutions.

Please sign this online petition:

http://www.rallycongress.com/no2trad...

Please contact your local senators and voice your disapproval:

http://www.senate.gov/general/contac...

Please contact your local Representatives and speak your mind:

http://www.house.gov/house/MemberWWW...