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Thread: 1% fee on bank transactions???

  1. #1
    Senior Member RACING JUNKIE fla1976's Avatar
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    1% fee on bank transactions???

    This is an EMail I received. Thought I'd pass it on. Tried to verify it and it seems authentic. A 1% fee on all bank transactions.

    "H. R. 4646

    I have gone into THOMAS (Library of Congress) and printed out and read all 15 pages of this bill which has been given the "Short Title" of "Debt Free America Act." It is the most socialistic thing I have ever read. Just think, if you deposit $5,000.00 into your checking account or savings account the bank has to take out 1% or $50.00 of that money and send it to Washington . Then, any checks or cash you take out of your bank they will deduct 1% from what is still in the bank and send it to Washington . Total put in the Bank $5,000.00. $100.00 of that you give to Washington .

    This bill, spells it out that everyone will pay the Government 1% of their gross income.

    Page 9 states the House and Senate shall convene not later than November 23, 2010 and Page 11 states the vote on passage shall occur not later than December 23, 2010.

    SEND THIS TO EVERYONE YOU KNOW AND EVERYONE NEEDS TO CONTACT THEIR CONGRESSMAN AND SENATOR AND TELL THEM TO VOTE NO ON THIS BILL.

    If you don't know who your Congressman or Senator is, go to Google, type in "(your state) Congressman email address". When it comes up, click on "Complete E-mail address for Congress/House, Senate, Governors and get both e-mail and FAX info.

    The bill is HR-4646 introduced by US Rep Peter DeFazio D-Oregon and US Senator Tom Harkin D-Iowa. It is now in committee and will probably not be brought out until after the Nov. elections. Suggest that you pass this along and also to your state senator and representative and US Congressman and Senators.

    One percent transaction tax is proposed President Obama's finance team is recommending a transaction tax. His plan is to sneak it in after the November election to keep it under the radar. This is a 1% tax on all transactions at any financial institution i. e. Banks, Credit Unions, etc.. Any deposit you make, or move around within your account, i. e. transfer to, will have a 1% tax charged. If your pay check or your social Security or whatever is direct deposit, 1% tax charged. If you hand carry a check in to deposit, 1% tax charged, If you take cash in to deposit, 1% tax charged.

    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.

    Some will say aw it's just 1%... remember once the tax is there they can raise it at will."

    http://www.standard.net/node/44797

  2. #2
    Senior Member RACING JUNKIE
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    WOW!!

  3. #3
    Senior Member RACING JUNKIE
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    Those little cowards... they take a little day by day while we sleep.
    "I would walk through hell on Sunday before I fear the enemy"

  4. #4
    Senior Member RACING JUNKIE
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    Here in cook county ill (corruption capitol usa) they hold back sending out our real estate tax bills till the day after the election. WHAT A BUNCH OF CHICKEN CHITS!! :evil:

  5. #5
    Senior Member RACING JUNKIE
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    Man, that is just wrong!!! Makes the tax-payers look like sheep waiting to be attacked by the wolves....
    "I would walk through hell on Sunday before I fear the enemy"

  6. #6
    Senior Member RACING JUNKIE oldandtired's Avatar
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    Did you know that if you sell your house after 2012 you will pay a 3.8%
    sales tax on it? So, this is "change you can believe in"?

    Under the new health care bill - did you know that all real estate
    transactions will be subject to a 3.8% Sales Tax? The bulk of these new
    taxes don't kick in until 2013 (presumably after obama’s re-election). You
    can thank Nancy, Harry and Barack and your local Democrat Congressman for this one.

    If you sell your $200,000 home, there will be a $7,600 tax.

    This bill is set to screw the retiring generation who often downsize their homes.

    Is this Hope & Change great or what? Does this stuff makes your
    November and 2012 votes more important?

    Oh, you weren't aware this was in the obamacare bill? Guess what, you
    aren't alone. There are more than a few members of Congress that aren't
    aware of it either (result of clandestine midnight voting for huge bills
    they've never read). AND, there are a few other surprises lurking.
    Dave
    http://www.racingjunk.com/profile/343797
    "All that is necessary for the triumph of evil is for good men to do nothing" Edmund Burke

  7. #7
    Senior Member RACING JUNKIE
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    Man that thing is Unconstitutional!! REPEAL has to be done on that CRAP TRAP!!!
    "I would walk through hell on Sunday before I fear the enemy"

  8. #8
    Senior Member RACING JUNKIE
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    Quote Originally Posted by doberman
    In the 90s we had Clinton... we also had Bob Hope and Johnny Cash. Now we have Obama... and no hope and no cash!
    TRUTH.


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