1% Tax On All Bank Transactions - HR-4646.

  1. OLYHOOCH profile image61
    OLYHOOCHposted 6 years ago

    Every financial transaction... Tue, 12 Oct 2010 11:26:37 GMT

    scheme to pay down the... ...[2010] 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

    1. wilderness profile image97
      wildernessposted 6 years agoin reply to this

      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.

      1. kateperez profile image63
        kateperezposted 6 years agoin reply to this

        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!