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1% tax on all bank transactions HR 4646 - ANOTHER
NEW OBAMA TAX SLIPPED IN WHILE WE WERE ASLEEP.
Checked this on snopes, it's true! Check out HR
4646. (see below copied from Snopes)
President Obama's finance team is recommending a
one percent (1%) transaction fee (TAX). Obama's
plan is to sneak it in after the November
elections to keep it under the radar.
This is a 1% tax on all transactions at any
financial institution - banks, credit unions,
savings and loans, etc. Any deposit you make, or
even a transfer within your account, will have a
1% tax charged.
~If your paycheck or your social security or
whatever is direct deposit, it will get a 1% tax
charged for the transaction.
~If your paycheck is $1000, then you will pay
Obama $10 just for the privilege of depositing
your paycheck in your bank. Even if you hand carry
your paycheck or any check into your bank for a
deposit, 1% tax will be charged.
~You receive a $5,000 stock dividend from your
broker, Obama takes $50 just to allow you to
deposit that check in the bank.
~If you take $1,000 cash to deposit at your bank,
1% tax will be charged.
Mind you, this is from the man who promised that,
if you make under $250,000 per year, you will not
see on e penny of new tax. Keep your eyes and ears
open, you will be amazed at what you learn about
this guy's under-the-table moves to increase the
number of ways you are taxed.
~Oh, and by the way, you receive a refund from
the IRS next year and you have it direct
deposited or you walk in to deposit that check,
you guessed it. You will pay a 1% charge of that
money just for putting it in your bank. Remember,
any money, cash, check or whatever, no matter
where it came from, you will pay a 1% fee if you
put it in the bank.
Some will say, oh well, it's just 1%. Are you
kidding me? It's a 1% tax increase across the
board. Remember, once the tax is there, they can
also raise it at will. And if anyone protests, they will just say, "oh,that's not
really a tax, it's a user fee"! Think this is no
big deal? Go back and look at the transactions you
made from last year's banking statements. Then add
the total of all those transactions and deduct 1%.
Still think it's no big deal???
1. snopes.com: Debt Free America Act
Is the U.S. government proposing a 1% tax on debit card usage and/or
banking transactions?
...It is true. The bill is HR-4646 introduced by US Rep Peter
deFazio D-Oregon and US Senator Tom Harkin D-Iowa. Their plan is
to sneak it in after the...
...moved beyond proposing studies and submitted the Debt Free
America Act (H.R. 4646) , a bill calling for the implementation of
a scheme to pay down the...
...[2010] by Rep. Chaka Fattah (D-Pa.). His "Debt Free America
Act" (H.R. 4646) would impose a 1 percent "transaction tax" on
every financial transaction...
Tue, 12 Oct 2010 11:26:37 GMT
http://www.snopes.com/politics/taxes/debtfree.asp
1% tax on all bank transactions HR 4646 - ANOTHER
NEW OBAMA TAX SLIPPED IN WHILE WE WERE ASLEEP.
Checked this on snopes, it's true! Check out HR
4646. (see below copied from Snopes)
President Obama's finance team is recommending a
one percent (1%) transaction fee (TAX). Obama's
plan is to sneak it in after the November
elections to keep it under the radar.
This is a 1% tax on all transactions at any
financial institution - banks, credit unions,
savings and loans, etc. Any deposit you make, or
even a transfer within your account, will have a
1% tax charged.
~If your paycheck or your social security or
whatever is direct deposit, it will get a 1% tax
charged for the transaction.
~If your paycheck is $1000, then you will pay
Obama $10 just for the privilege of depositing
your paycheck in your bank. Even if you hand carry
your paycheck or any check into your bank for a
deposit, 1% tax will be charged.
~You receive a $5,000 stock dividend from your
broker, Obama takes $50 just to allow you to
deposit that check in the bank.
~If you take $1,000 cash to deposit at your bank,
1% tax will be charged.
Mind you, this is from the man who promised that,
if you make under $250,000 per year, you will not
see on e penny of new tax. Keep your eyes and ears
open, you will be amazed at what you learn about
this guy's under-the-table moves to increase the
number of ways you are taxed.
~Oh, and by the way, you receive a refund from
the IRS next year and you have it direct
deposited or you walk in to deposit that check,
you guessed it. You will pay a 1% charge of that
money just for putting it in your bank. Remember,
any money, cash, check or whatever, no matter
where it came from, you will pay a 1% fee if you
put it in the bank.
Some will say, oh well, it's just 1%. Are you
kidding me? It's a 1% tax increase across the
board. Remember, once the tax is there, they can
also raise it at will. And if anyone protests, they will just say, "oh,that's not
really a tax, it's a user fee"! Think this is no
big deal? Go back and look at the transactions you
made from last year's banking statements. Then add
the total of all those transactions and deduct 1%.
Still think it's no big deal???
1. snopes.com: Debt Free America Act
Is the U.S. government proposing a 1% tax on debit card usage and/or
banking transactions?
...It is true. The bill is HR-4646 introduced by US Rep Peter
deFazio D-Oregon and US Senator Tom Harkin D-Iowa. Their plan is
to sneak it in after the...
...moved beyond proposing studies and submitted the Debt Free
America Act (H.R. 4646) , a bill calling for the implementation of
a scheme to pay down the...
...[2010] by Rep. Chaka Fattah (D-Pa.). His "Debt Free America
Act" (H.R. 4646) would impose a 1 percent "transaction tax" on
every financial transaction...
Tue, 12 Oct 2010 11:26:37 GMT
http://www.snopes.com/politics/taxes/debtfree.asp
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