TRADERS
ADVOCACY: TRADER RELIEF: E-MAIL CAMPAIGN

GTT "virtual lobbying campaign" for "Trader Tax Relief & Corrections"

It will take you just 15 minutes to send our standard e-mail to these important members of Congress.

Full Contact List, if you have more time to help our cause:.

Guidance & tips, if you have more time to help our cause: .

Standard e-mail to send members of Congress:

Subject of e-mail: Trader Tax Relief & Corrections

Body of email:

Over the last few years, Congress has passed many new laws that are quite beneficial to traders – i.e., those who make part of all of their income trading securities and/or commodities. Unfortunately, the IRS has done a poor job in translating those new laws into IRS tax code, regulations and revenues procedures. As a result, many traders have been unfairly penalized.

Not only has the IRS "sold traders short" on delivering what Congress intended (i.e., ordinary loss treatment for ALL traders), it has also increased the number of audits it performs on traders, and it is acting with impunity.

In 1997, Congress passed new tax laws granting traders the ability to treat their trading gains and losses as “ordinary.” Ordinary gains and losses, for tax purposes, are far superior to capital gains and losses. This is the same tax treatment already enjoyed by those who qualify as “dealers” in securities and/or commodities (under Internal Revenue Code Section 475 – mark-to-market accounting). However, traders who wished to take advantage of these helpful laws had to “elect” this treatment, by April 15 of the current tax year, in a statement to the IRS.

Unfortunately, it has been far too difficult for the majority of traders to do this on time, as the IRS guidelines are vague, confusing and often not updated in time to reflect new information. The unacceptable result is that a large number of traders are now facing bankruptcy because they are prevented from receiving beneficial “Net Operating Loss" refunds – refunds they are entitled to according to the laws passed by Congress.

Equally unfair is that many traders incurred these large losses in corrupt financial markets. Traders cannot deduct their real business losses, yet these perpetrators of financial market crimes get away with deducting phony losses on their ill-gotten gains.

We have confidence that the perpetrators of these financial crimes will not continue to get away with them, even with their powerful lobbies in Washington. We are equally hopeful that Congress will do what is right for traders – simply, that it will hold the IRS accountable to fix what has been messed up in translating Congress’s existing legislation.

Our dynamically growing community of traders, including "day traders" and "online traders," currently number in the millions. We are spread out evenly across the nation, and we are equally represented in all demographic groups, genders, races and political beliefs. We are highly educated, have money and are actively involved in social issues, politics, voting and the economy.

We don't have a lobby in Washington to represent our interests, which could be why we are in this current predicament. In an attempt to catch up on lost time, we are using a "virtual advocacy campaign" to reach members of Congress, the media and our community. Please accept our Internet methods. As traders, we make our living over the Internet – more so than any other community in America. Please don't consider our messages to you "cyber-attacks." Rather, think of them as "cyber-appeals."

To learn more about our specific appeal, kindly visit www.greencompany.com/AdvocacyTraderRelief.shtml. It will take just 15 minutes of your time to read our "cause and mission" and "desired tax law changes."

We very much hope that your office will contact this group in the near future in an attempt to begin fixing our problems. We can be reached via e-mail at advocacy@greencompany.com or by calling (212) 658-9502 (voice mail).

Thank you for your help.

Sincerely,

x_________________________
A trader trying to feed his or her family

E-mail contact short list
It will take you just 15 minutes to send our standard e-mail to these important members of Congress.

Using Congress.org (www.congress.org; "Write to Congress, the President and State Legislators"), we assembled this short list of "Chair" and "Ranking Members" of the Senate and House Congressional Committees. These committees oversee the IRS, taxation, financial markets and small businesses. If you are interested in seeing the entire list of committee members and much more, go to our Full Contact List.

Some members of Congress will only reply to your e-mail if you live in their state. Click here to find your local representative.

senator@conrad.senate.gov: Sen. Kent Conrad (D-ND), Chair Senate Taxation and IRS Oversight Committee (subcommittee of Senate Finance Committee).
senator@nickles.senate.gov: Sen. Don Nickles (R-OK), Ranking Member, Senate Taxation and IRS Oversight Committee (subcommittee of Senate Finance Committee).
max@baucus.senate.gov: Sen. Max Baucus (D-MT), member of all the right committees and Chair of Senate Finance Committee.
chuck_grassley@grassley.senate.gov: Sen. Charles Grassley (R-IA), member of all the right committees and a Ranking Member of the Senate Finance Committee.
sen_dodd@dodd.senate.gov: Sen. Christopher Dodd (D-CT), Chair of Securities and Investment Committee.
senator@enzi.senate.gov: Sen. Michael Enzi (R-WY), Ranking Member Securities and Investment Committee.
john_kerry@kerry.senate.gov: Sen. John Kerry (D-MA), Chair of Small Business and Entrepreneurship Committee.
kit_bond@bond.senate.gov: Sen. Christopher Bond (R-MO), Ranking Member Small Business and Entrepreneurship Committee.
Contact via "Write Your Rep.": Rep. William Thomas (R-CA 21st), Chair of Joint Committee on Taxation.
rangel@mail.house.gov: Rep. Charles Rangel (D-NY 15th), Ranking Member Ways & Means, also Joint Committee of Taxation. Being from New York, he cares about Wall Street.
mike.oxley@mail.house.gov: Rep. Michael Oxley (R-OH 4th), Chair House Financial Services Committee.
Contact via '"Write Your Rep.": Rep. John LaFalce (D-NY 29th), Ranking Member House Financial Services Committee.
Contact via "Write Your Rep.": Rep. Donald Manzullo (R-IL 16th), Chair of House Small Business Committee.
Contact via "Write Your Rep.": Rep. Nydia Velazquez (D-NY 12th), Ranking Member House Small Business Committee.

Department of Treasury: Internal Revenue Service Agency – Charles Rossotti, Commissioner. Click here. You can cc him on some e-mails.

Full Contact List, if you have more time to help our cause:

Also see our e-mail contact short list. Click here. Some members of Congress will only reply to your e-mail if you live in their state. Enter your zip code below to see a list of your home state representatives.

Congress.org: "Write to Congress, the President and State Legislators"
An excellent site. It was the first listing when we searched Google for "members of Congress."

QuickLinks:
• President & V.P.
• U.S. Congress
• State Officials
• Local Officials

Senate Committees
Senate Finance Committee. Click here.

Taxation and IRS Oversight Committee, Subcommittee of Senate Finance Committee. Click here. This is a top priority.

Securities and Investment Committee, Subcommittee of Senate Banking, Housing and Urban Affairs Committee: Click here.

Small Business and Entrepreneurship Committee. Click here.

House Committees:
Financial Services Committee. Click here.

Small Business Committee. Click here.

Joint Committee on Taxation. Click here.

Media Guide. Click here. Enter your ZIP Code and check "show national media." Send e-mail to up to five at a time.

Guidance and tips, if you have more time to help our cause:

"Subject" line for all messages: For the subject line of all messages, please use "Trader Tax Relief & Corrections." This will enhance the cumulative value of our advocacy campaign, as it accumulates on Congressional database Web sites.

Contact methods:

E-mail: "Contact Via Web Form" means you are using the members' own secure e-mail system. Some members of Congress will only reply to your e-mail if you live in their state. Enter your zip code above to see a list of your home state representatives.

Snail mail: If you prefer to send snail mail, click on the member's name, which is linked to their bio page. This will show their mailing address.

Hand delivery: Notice that Congress.org provides a "hand delivery" service for $4.95 per message. If you are so inclined to spend this money, it may be more effective then e-mails.