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...
An Experiment in Adjusting an Alcohol-based Reality Filter. The more beer you drink, the more the world seems to make sense. I'm not sure if this is the beer's fault, or the world's. Experiments proceed. For pigeonholing purposes, I consider myself a South Park Conservative: I believe in Loose Women and Tight Borders but I'm getting anime porn and legally mandated lounges for day laborers...further adjustment to the model may be needed. e-mail me at slayerdaddy-AT-yahoo.com