divemaster5734 Posted August 11, 2011 Report Share Posted August 11, 2011 1% tax on all bank transactions Watch for this AFTER November elections; remember this BEFORE you VOTE ... in case you think Obama's looking out for your best interest. 1% tax on all bank transactions HR 4646 This government just cannot think of enough ways to hurt the American people!This Bill must die ! FORWARD THIS TO EVERYONE YOU KNOW!! 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 one 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 1 1 Link to comment Share on other sites More sharing options...
RSTEFAN Posted August 11, 2011 Report Share Posted August 11, 2011 Yes even with your payroll deduction, money put in your account automatic 1% Take any amount out another 1% this will be the biggest tax ever!! it will make everyone want to use cash only, i know i will. we need to get rid of all of the politicians, get new ones in . make all of the government positions part time jobs just like iln Texas the only way to change this mess JMO Bob Link to comment Share on other sites More sharing options...
Jeb Hawk Posted August 11, 2011 Report Share Posted August 11, 2011 You had better go back and read it again,Rep.Fatta tried to introduce this every year since 1994 and it never goes anywhere,come on I'm not crazy about any politician but I want all the facts not half facts. Link to comment Share on other sites More sharing options...
JCS1977 Posted August 11, 2011 Report Share Posted August 11, 2011 I predominately use cash anyways, and only keep enough money in my bank account to pay my monthly expenses. I do this bc I don't trust anyone with my money besides myself. If this does pass, then I see a lot more people doing such, which would probably cripple many financial institutions. This Rep Peter, or ahole, or jack a.., or whatever his name is, should have thought a bit more before proposing such rubbish. 1 Link to comment Share on other sites More sharing options...
Redwizard Posted August 11, 2011 Report Share Posted August 11, 2011 Will this effect business transactions too? 1% on business transactions is a lot of money!!! Link to comment Share on other sites More sharing options...
markst Posted August 11, 2011 Report Share Posted August 11, 2011 This is not going to happen. Get on Google and read about it. Link to comment Share on other sites More sharing options...
leola Posted August 11, 2011 Report Share Posted August 11, 2011 ----------------------------I will bet there is a banking consortium behind this effort,,,,( not obama ),,,as said before on this site,,,obama has no more control over passing unpopular legislature,,,as boehner,or anyons else in the capitol... Link to comment Share on other sites More sharing options...
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