Fw: New tax! A must read!!!

Subject: HR 4646
Be sure to read entire explanation
Watch for this AFTER November elections; remember this BEFORE you VOTE.

A 1% tax on all bank transactions is what HR 4646 calls for.
Do you receive a paycheck, or a retirement check from Social Security or a pension fund and have it direct deposit?? 
This bill was put forth by Rep. Chaka Fattah (D-PA).
YES, that is 1% tax on all bank transactions - HR 4646, every time it goes in and every time money goes out.
Ask your congressperson to vote NO.
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 it out yourself ~ HR 4646.
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 own bank from one account to another, 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 the government $10 just for the privilege of depositing your paycheck in your bank. Even if you hand carry your paycheck or any check in to your bank for a deposit, 1% tax will be charged.
You receive a $5,000 stock dividend from your broker, the government 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, if 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?

The following is copied from Snopes: 
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 deFazio D-Oregon and US Senator Tom Harkin D-Iowa. Their plan is to sneak it in after the...
....moved beyond proposing studies and submitted the Debt Free America Act (H.R. 4646), a bill calling for the implementation of a scheme to pay down the...
...[2010] by Rep. Chaka Fattah (D-Pa.). His "Debt Free America Act" (H.R. 4646) would impose a 1 percent "transaction tax" on every financial transaction...
Wed, 02 Nov 201111:27:37 GMThttp://www.snopes.com/politics/taxes/debtfree.asp


Anonymous said...

It takes some real cojones to link to a Snopes article which says your stupid, right wing e-mail is false and claim it's true.

CharlieE said...

...and if it's false, why do I need to ask my Congressperson to vote NO?

Mr_Creosote said...

This is a new version of the same recycled BS of a 1 percent tax on transactions. goes back at least a half-dozen years. Of course their pat response that it's been thoroughly debunked by Snopes is that Snopes is a "librul" source...which is all the more amusing that they still reference it as an appeal to authority.

Cons just aint too good at thinking things through.

Anonymous said...

Weird, their Snopes link got cut off for some reason! Here's the actual article -- what a shame such a simple mistake slipped by.

SoRefined said...

Wait, wouldn't a bill like this be the sort of thing right wing types are into since the bill in question eliminates all federal income tax for individuals and corporations and replaces them with this transaction tax setup? Surely this would be an even better deal than a flat tax or some such.

I also find it weird that the premise is "this is why Social Security is going to be direct deposited" [I'm sure the actual reason has to do with reducing overhead] but then goes on to say "This will apply even if I take my check to the bank."

So confusing, the right wing types are.

Anonymous said...

Yesterday on 1210 Talk Radio, when discussing an extension of Unemployment benefits, Fattah brought up FICA again. - Could it be they knew how to pay for the extenson the Rght wants pad for already and that's why the Dems left the extenson out of the Budget. Dont' know how I feel about the extension, but if this so called Democratic Admin who says they care about the working man takes one more penny from Social Security,,,,,- in other words funds extensions on the backs of the poor,,, count me out

gruaud said...

You don't know how you feel about the extension, eh? Do you even understand why FICA exists and how it works?

Have you ever been laid off during a recession with little kids to feed and clothe? With rent and other bills to pay?

Talk radio rots your brain. They can twist anything to their advantage and make you think it's your idea.

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