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Saturday, September 3, 2011

Democrats Want to Tax Your Deposits, Withdrawals, Debit Card Transactions

It's called HR 4646 and these fracking thieves are for real...

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. ~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.

A Worried Nation asks Obama what his intentions are with this tax...


RebeccaH said...

God damn it! No! Social Security recipients (me) were strongly encouraged to have direct depost (as in, you don't have a real choice if you have a bank account). Naive me, I thought, "Great. Hassle-free, no danger of getting mugged between the post office and the bank."

Who knew the government had its own system of muggery? Well, me, I should have suspected.

Dan said...

At what point can we start calling these the Intolerable Acts?

richard mcenroe said...


Anonymous said...

If the banks have any sense, they'll fight this as hard as they can. The bank runs from people pulling out of the banking system and going cash only will put them all out of business.

Anonymous said...

My great grandmother stuffed accordian files with $20.00 bills that were then locked in her chest of drawers. It was always attributed to her experiences of the Crash and the Great Depression. Maybe she wasn't so eccentric afterall.

Stuffing mattresses and coffee cans have been done. I'd forget the number of paces from the tree, so it's back to the drawing board.

Deborah Leigh

Anonymous said...

The clip is dated Oct 17, 2010. Not sure it's still in the works.

Anonymous said...

FALSE. The bill has no co-sponsors, not moving forward, and the clip with Pelosi is talking about a different bill aimed at 'wall street bankers' . simple to find if you just google 'HR4646'

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