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Hope you don't need banks in your business or personal life. This stinks!!
ON JANUARY 1, 2013, THE US GOVERNMENT WILL BE REQUIRING EVERYONE TO HAVE DIRECT DEPOSIT FOR SS CHECKS.
Subject: HR 4646
Be sure to read entire explanation
Watch for this AFTER November elections; remember this BEFORE you VOTE, in case you think Obama is looking out for your best interest.
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??
Well guess what ... It looks as if the Obama administration wants to tax it 1% !!!
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.
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 it out yourself ~ HR 4646.
President Obama's finance team is recommending a one percent (1%) transaction fee (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 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 â¤¢â¤¢â¤¢
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...
... 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
These damn liberals are going around seemingly without checks and balances! Who the hell would approve this?!
Those may not go anywhere, but Senator Leghorn's Bill 212 putting a yearly tax on all graduates of OU might have a chance.
This post was edited by JFrankWebb 21 months ago
275-0 scoring margin
Dana X Bible's National Championship team
I would suggest taking all the political references out of the post to make sure feathers aren't ruffled over here.
Not so fast my friends
This one goes back several years. A slightly lunatic representive from Penn first made the proposal back in 2004. So far , it has attracted one vote, his.
The L.A. Times has called for a 2% wealth tax.
I do wonder how many people calling for higher taxes put 0 on line 74a when filling out there 1040(s), or 43a on form 1040A?
Soon enough there's going to be no incentive for working hard to get a good job. What a great lesson for those that are lazy, stupid by choice, and don't want to work for anything.
This post was edited by Mitch Connor 21 months ago
its internet rumor website
This post was edited by GoHorns 1 21 months ago
This thread is a prime example of why we don't need politics on hookem.com. Just think about why it is that you have seen not one mention of this in any newspaper or television news program. If this was even halfway true, you'd be hearing about it every single day. Please think before posting this kind of garbage!
"I've heard some of our fans say, 'We were always an SEC school. We just didn't know it," athletic director Bill Byrne said.
If we weren't looking at the most massive tax increase in history already, people may be a little less likely to buy into an internet hoax about yet another tax increase. Nothing political, just a thought.
If you have a 9 million net worth. Makes sense to me
Color me skeptical. "The most massive tax increase in history" sounds a lot like hyperbole. There was a time in this country that we had a 90% tax bracket. Plus, I am astonished that anyone could say with a straight face that this subject is anything but political. BTW, I know as much about taxes as you do about medicine since that is my career.
Well as a small business owner i can tell you that I didn't work hard to build it...Someone did it for me.
I subscribe to the Jerry Seinfeld school of philosophy. It is not as well known as, say, the work of Carl Jung or Ricky Williams, but certain elements are nonetheless poignant. Particularly his work on "Can't Go Left". That tenant is particularly applicable in these debates.
i wish we'd just have a 25% flat tax across the board, with no (or at least very limited) deductions. apply it to individuals and corporations. everybody needs to have skin in the game, and the corporate tax rate needs to come down.
You and me both my friend.
If you no likey you no have to play. Its not about the topic its about the poster. I have seen plenty of pissing and moaning about other more bizarre topics.
why 9? why not an even 10? or just 5?
I'm good with either of those numbers as well. Can't see going too much lower however
Lol. Yes the news media is so credible. Brian Ross of ABC was the first to accuse the shooter (Jim Holmes) of being a tea party member.
In other news Frank Marshal Davis and President Obama never met...
A healthy discussion of tax code would be a good topic and one our elected officials in Washington do not seem to be able to have with any integrity. Discussing this on an internet chat site is almost impossible because it is quickly ruined by partisan squabbles.
I would love to see either a consumption tax or a flat tax. Either of these models would increase receipts and decrease tax shelters. One could devise either to have a floor below which those in poverty or with low income would not be charged to address fairness to the poor. They would be considered "fair" by most (not all) and would not penalize or disincentive businesses or individuals for being successful. This would also allow for the scrapping of much of the IRS and simplify tax accounting.
LIke many issues where compromise, civility and common sense could easily solve issues facing our country, our law makers rarely seem to be able to create win-win compromises on tough issues.
This sounds like one of the rumors similar to when Obama was coming to my house to take away all of my guns.
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