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  1. #1
    Boschkwm Guest

    Default Tell me its not true

    I am not sure whether this is a bill that hasn't been voted in or whether it has already passed.



    Subject: HR 4646

    Be sure to read entire explanation

    A 1% tax on all bank transactions is what HR 4646 calls for.

    Do you receive a paycheck, or a retirement check from Social Security or a pension fund and have it direct deposit??

    Well guess what ... It looks as if the Obama administration 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.

    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). His 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 the government $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, the government 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?

  2. #2
    Boschwau Guest

  3. Default

    So I'll tell you---it's not true.

  4. #4
    Brandonreall Guest


    Look at the increased use of check cards John. Remember the old Battlestar Glactica show where they pay for everything in credits.

    I cashed 400.00 residual IRA check at the bank the other day. I had the IRA there but no checking account. After the grilling, calling, thumb printing and arguing about ID and me insisting she give me her coffee mug so I could leave a urine sample....they cashed the damn thing.

    Nothing pertaining to banking would shock me. " title="Angry" class="smiley">

    Most people don't realize that a check is really a contract. A promise to pay. The bank charging a fee to cash it (which they do if you don't have an account with them) is a breach of that contract.

    A 1% transaction fee would fit right in.

  5. #5
    BrianAmoto Guest


    In New Mexico, as a small business, I get to pay Gross Reciepts Tax, on a monthly basis. If I choose to pay online, the transaction fee is 3% of whatever the tax is. That always struck me as a huge windfall for whatever bank manages payments.



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