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 transaction at any financial institution i. e. Banks, Credit Unions, extra. 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.'
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The truth about the proposed 1% tax on all financial institution transactions:
ReplyDeleteThere is a Congressional House Bill, HR-4646, the Debt Free America Act that was introduced in Congress on February 23, 2010, but there is NO evidence that the bill is being snuck in as the eRumor alleges.