Fw: Proposed Transaction TAX

One percent transaction tax is proposed
President Obama's finance team is recommending a transaction tax. His plan is  to sneak it in after the November election to keep it under the radar. This is a 1% tax on all transactions at any financial institution i. e. Banks, Credit Unions, etc.. Any deposit you make, or move around within your account, i. e. transfer to, will have a 1% tax charged. If your pay check or your social Security or whatever is direct deposit, 1% tax charged. If you hand carry a check in to deposit, 1% tax charged, If you take cash in to deposit, 1% tax charged.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.  
Some will say aw it's just 1%... remember once the tax is there they can raise it at will.
Here's the "back-up" for this information.....this could ultimately become very expensive!!!!
A search to see if anything was in the pipeline finds HR 4646, a bill to place a 1% transaction tax on every kind of transaction, from stores to banks. It's currently in committee.



Anonymous said...

If by "President Obama's finance team" them mean "one MC who wrote a bill which was sent to die in committee and will never see the light of day", then yes, this is accurate.

Interestingly, the proposed bill was supposed to pay down the national debt and eliminate the income tax. I though tea baggers would be all for that.

CharlieE said...

I love this talk of nefarious plans to "sneak it in after the November elections to keep it under the radar."

So if it's such a secret and you know about it, why are you passing it around by e-mail, rather than calling CNN?

CharlieE said...

I forgot to mention that Snopes covered this last month:


ferschitz said...

Maybe they can tweet out another question to their authoritarian "Daddy" asking why "Daddy" is doing this nefarious sneaky thing... except he's not.

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