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...

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Asianeyes704 1 day agoCollapse

Hmm, where do I start. Obamacare will cut my FSA account from $4800 to $2500 by the year 2013.  As a single mother making under 50k with a son who is autistic, I cannot began to explain how that hurts me.  I have taken on a second job to ensure I will have enought money to continue his care and offset the huge tax bill given to me (especially since I can no longer deduct my medical expenses after you raised it to 10% of your income from 7.5%).   You are a terrible President when you take the only parent a special needs child has and forces her to be out of the home in order to keep the same level of care she has for her son!  You made me choose between memories with my son while he is growing or giving him the treatment he needs to be independant one day. How sad of a man and party you are!

OBAMA BEATS REAGAN!

19 straight months of unemployment above 9.4% (calculated, we ALL know it's higher) beats 16 months of 1983-84!  And no end to Obama's glorious streak in sight!

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