1% tax on all your bank transactions - just got this email

Debt Free America Act - States as purposes of this Act the raising of sufficient revenue from a fee on transactions to eliminate the national debt within seven years and the phasing out of the individual income tax. Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument. Defines "transaction" to include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions.

from http://www.govtrack.us/congress/bill.xpd?bill=h111-4646&tab=summary
 
I like this transaction tax: APT...if and only if...there is an exemption for financial trades or if the APT is applied only to commissions and fees related to financial trades and NOT the notional value of the financial trade.


http://www.apttax.com/
 
why do you post such lies here.

there is no 1% tax on bank transfers?

banks have been obligated to report money transfers over 10,000 since 2001 9/11 anti-terrorist act.

wall street is full of theives and liars.

Quote from wilburbear:

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

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.

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 from last years banking statements. When you add the total of all the transactions you did last year, then deduct 1%. Still think it's no big deal???


http://www.standard.net/node/44797
http://www.statehouse.org/
More...
 
Quote from wilburbear:

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

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.

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 from last years banking statements. When you add the total of all the transactions you did last year, then deduct 1%. Still think it's no big deal???


http://www.standard.net/node/44797
http://www.statehouse.org/
More...

Another example of why (1) Odumba is perhaps the WORST prez in history, and (2) America needs to vote in some ethical Repubs to REPEAL ALL THINGS THAT LYING BASTARD ODUMBA IMPOSED UPON AMERICA.
 
Americans have become too complacent. It's a shame. We've lost our revolutionary spirit.


We're obviously being fucked from every hole, and we just sit back and drink our RC cola.
 
you are already paying 3.9% tax on interest earned on savings, Checking, Cds, money markets, Etc per the "health care" bill. This has to be claimed on the 2011 Tax forms.

This 1% transaction tax is no surprise. Get use to it. American Wanted this fucking idiot in office and now they have him!

Hows that "hope and change " thing work'n out for you America?
 
Quote from joe4422:

Americans have become too complacent. It's a shame. We've lost our revolutionary spirit.

We're obviously being fucked from every hole, and we just sit back and drink our RC cola.
More...
The declaration of Independence

IN CONGRESS, JULY 4, 1776

The unanimous Declaration of the thirteen united States of America

That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

http://www.ushistory.org/declaration/document/index.htm
 
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