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

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   OLYHOOCHposted 14 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

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      wildernessposted 14 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.

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      1. 61

         kateperezposted 14 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!

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