Every financial transaction... Tue, 12 Oct 2010 11:26:37 GMT
scheme to pay down the... ... by Rep. Chaka Fattah (D-Pa.). His "Debt
in after the... ....moved beyond proposing studies and submitted the Debt
transactions? ...It is true. The bill is HR-4646 introduced by US Rep Peter
1. snopes.com http://snopes.com/ : Debt Free America Act Is the U.S.
Still think it's no big deal???
back and look at the transactions you made from last year's banking
raise it at will. And if anyone protests, they will just say,
Some will say, oh well, it's just 1%. Are you kidding me? It's a 1% tax
you will pay a 1% fee if you put it in the bank.
it. You will pay a 1% charge of that money just for putting it in your bank.
~Oh, and by the way, you receive a refund from the IRS next year and you
moves to increase the number of ways you are taxed.
per year, you will not see on e penny of new tax. Keep your eyes and ears
depo sit at your bank,
receive a $5,000 stock dividend from your broker, Obama takes $50 just to
depositing your paycheck in your bank. Even if you hand carry your paycheck
direct deposit, it will get a 1% tax charged for the transaction. ~If your
transfer within your account, will have a
This is a 1% tax on all transactions at any financial institution - banks,
elections to keep it under the radar.
President Obama's finance team is recommending a one percent (1%)
4646. (see be low copied from Snopes)
1% tax on all bank transactions HR 4646 - ANOTHER NEW OBAMA TAX SLIPPED IN
people! This Bill must die FORWARD THIS TO EVERYONE YOU KNOW!
Watch for this AFTER November elections; remember this BEFORE you VOTE in
Please pass this on to everyone!!!!!!!!! Subject: 1% Tax On All Bank Transactions - HR-4646
Oly, you've posted some good ones, but this takes the cake.
I get paid 10,000 from my employer and deposit it, then write a check to a car dealership for a new car who deposits it. 3% so far. He then writes (multiple) checks to GM (for the car), the salesman (commission) and himself (the profit). Up to 4%. Each deposits it (5%) and writes a check to pay their own bills (6%) - the recipient of each deposits it (7%).
In nothing flat the government has taken the entire $10,000. A perfect 100% tax! The states won't be happy, though, as there is nothing left for their sales, income, property or gas taxes.
wow. well thought out.
So we get a tax refund check, and get taxed on it. We get a taxed payroll check and it is taxed once the money hits the bank. We pay our taxed bills, buy our taxed merchandise, and drive cars that are fueled by taxed gasoline and each of these items is then taxed again by Uncle Sam.
"Oh NO!" Middle class citizens are not going to see any tax hikes! Not in Obama's warped view of what a tax is! This is not a tax. It's the cost of being alive and buying things. Taxes on taxes on taxes. How many times can they tax the same thing? Seems ad infinitum!
by GA Anderson20 months ago
You work hard to build a fortune that you can pass on to your kids, or otherwise distribute however you desire on your passing. It is your money. Shouldn't you be able to do whatever you want with it, within our legal...
by Nick Lucas5 years ago
I don’t understand this concept that Obama and many liberals keep clinging to…..So allow me to make it simple. If everyone is taxed at say 10% people who make more do pay more as 10% of a greater amount is...
by GA Anderson4 years ago
Political pundits are saying the Obama admin is floating the typical "trial balloons", (ie. rumors to pundits to get it in the public conversation/news), of a wealth tax - to see if it would have a...
by trish10487 years ago
I just received a check for my remaining vacation hours that I accrued during my last employment. It wasn't a large amount that I was owed, however, the Federal government saw fit to take 25% tax out of my...
by Kathryn L Hill3 years ago
by Susan Reid6 years ago
JP Morgan Chase is considering capping debit card transactions to $100 or even $50. It's all about fees they charge per transaction, currently $.44 and proposed to be slashed by Congress to $.12.That's a big hit for...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.