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1% Tax on All Bank Transactions HR 4646

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1 1% Tax on All Bank Transactions HR 4646 on Thu Jul 21, 2011 10:21 am


I checked with a county administrator I know to see if this wa true - his response:
Yep, Google HR 4646 to find out the latest!

Watch for this AFTER November elections; remember this BEFORE you VOTE ... in case you think Obama's looking out for your best interest. What a CROCK!

1% tax on all bank transactions HR 4646

This government just cannot think of enough ways
to hurt the American people! This Bill must die FORWARD THIS TO EVERYONE YOU KNOW!!

1% tax on all bank transactions HR 4646 - ANOTHER
Checked this on snopes, it's true! Check out HR 4646. (see below copied from Snopes)

President Obama's finance team is recommending a one percent (1%) transaction fee (TAX). Obama's 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 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 Obama $10 just for the privilege of depositing your paycheck in your bank.
Even if you hand carry your paycheck or any check into your bank for a deposit, 1% tax will be charged.

~You receive a $5,000 stock dividend from your broker, Obama 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, 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???

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

2 Re: 1% Tax on All Bank Transactions HR 4646 on Thu Jul 21, 2011 10:28 am


they tax gold and hard currency transactions....now bank transactions.....this administration seems to be taxing anything
they can.

3 Re: 1% Tax on All Bank Transactions HR 4646 on Thu Jul 21, 2011 10:40 am


Well I think we are screwed big time...cause unless you pay cash for everything I mean EVERYTHING, we are going to be paying through the A%$#^.!

4 Re: 1% Tax on All Bank Transactions HR 4646 on Thu Jul 21, 2011 10:43 am


well.....for those who voted for change, they sure as hell got it!

5 Re: 1% Tax on All Bank Transactions HR 4646 on Thu Jul 21, 2011 11:52 am


Kinda a OLD bill they keep bring up for some WEIRD REASON:

It began in Feb. 2010:


PUBLIC BILLS AND RESOLUTIONS -- (House of Representatives - February 23, 2010)

H.R. 4646. A bill to establish a fee on transactions which would eliminate the national debt and replace the income tax on individuals; to the Committee on Ways and Means, and in addition to the Committees on the Budget, Rules, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

After it hit the floor and was submitted by the "lone" writer of it Rep. Chaka Fattah [D-PA2] (who votes for somebody with a first name chaka?? rofl!)


So after that it went dead!!! Was sent to the "Referred to Committee" which is a "mini congress":

Committees are like "mini Congresses". Most bills begin by being considered by one or several congressional committees which may "report" the bill favorably or unfavorably to the Senate or house...blah blah blah

So far it's still at the mini congress but here is the weird part...it seem to take legged when the USA debt is fix'n to crash...scare/fear agenda to american public???

6 Re: 1% Tax on All Bank Transactions HR 4646 on Thu Jul 21, 2011 12:28 pm


Panhead wrote:well.....for those who voted for change, they sure as hell got it!

Love that line!!!!!!!!!
Thanks Panhead


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