Real Estate Talk

NEW TAX-HR4646 Direct Deposit TAX

November 19th, 2011 11:26 AM by Edgar Carroll Jr

This is true according to Snopes.com. See Snopes link at bottom of article...

This is scary stuff!! I cannot believe this was truly a ploy by Obama, but rather a Democratic way to increase revenue (Possibly suggested by the banks, although it appears they do not benefit from it... or do they??).
Whatever the case, it certainly sounds like ammunition to fire at our politicians...

 

Remember as you read this...THE BANKS ARE NOT IMPOSING THESE FEES!!!! IT'S THE DEMOCRATS THAT CAME UP WITH THIS!!!!!

Subject: Direct Deposit--HR4646]

HR 4646

Don't you wonder what's next???


ON JANUARY 1, 2012, THE US GOVERNMENT IS REQUIRING EVERYONE TO HAVE DIRECT DEPOSIT FOR SS CHECKS.

WONDER WHY?

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 retirement check from Social Security or a pension fund
and have it direct deposit??

Well guess what ... It looks as if Obama 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). 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 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 Obama $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, 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, 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?

If you wanted change,

here it is!!!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

 

This is true according to SNOPES. This is a copy of their posting.

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.......
...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...
Thu, 10 Nov 2011 12:28:04 GMT http://www.snopes.com/politics/taxes/debtfree.asp ;

 

Posted in:General
Posted by Edgar Carroll Jr on November 19th, 2011 11:26 AM

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