What? 48 percent of what I earn isn’t enough? I presume this is a tax on incoming AND outgoing funds, which makes “1%” a lie. It’s already double that if you take your money out. All I would do is cash my check. I have enough well-armed family for security.
From what the bottom part says yes, it would be any banking transactions.
My few CD’s under GW were making 4-5%, today they are making 1.45% and I’m moving them out as soon as they mature.
So much for not taxing any couple under $250G.