Obama's Plan for the Lame Duck Session: 1% Financial Transaction "Fee"

Started by wally, October 22, 2010, 11:14:14 AM

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wally

THIS NEW "FEE" WILL HIT EVERYONE, NOT JUST THOSE MAKING MORE THAN $250K PER YEAR!  JUST KEEP TELLING YOURSELF IT'S NOT A TAX WHENYOU TRY TO CASH YOUR PAY CHECK (OR EVEN YOUR WELFARE CHECK)

Check out HR 4646

A one percent transaction fee (TAX), proposed by President Obama's finance team, is recommending a transaction tax. His 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 pay check 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 ten bucks just for the privilege of depositing your pay check 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, Obama takes 50 bucks just to allow you to deposit that check in the bank. If you take $1,000 cash in 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 guys 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 else 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.


Snopes says this is a nmixture of true and false; apparently not willing to "blame Obama" for this initiative put forward by his financial advisory team!


http://www.snopes.com/politics/taxes/debtfree.asp
The press is our chief ideological weapon.
~ Nikita Khrushchev

Government does not solve problems; it subsidizes them.

~Ronald Reagan

Solar

Heard about this the other day and immediately poopooed it simply based on the Constitution as double taxation without representation.

Then reality hit me, the socialists gave us Nationalized medicine, took over half of private industry etc...etc....

Yep, be afraid, very, very afraid!
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