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1% tax on all bank transactions [or not, see post 4]
email | 8/31/2011 | D Carper

Posted on 08/31/2011 3:10:53 PM PDT by IbJensen

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They create an additional tax on us by the inflated food prices we all experience at the market. They'd love to get their hands on our IRAs and hunger for a VAT. I don't believe, however, that they can slip this one in under the radar.

I predict that if they keep on trying as they are with this POS, then they've created an atmosphere very like Madrid in 1936.

1 posted on 08/31/2011 3:10:58 PM PDT by IbJensen
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To: IbJensen

Sounds like the Stamp Act all over again.


2 posted on 08/31/2011 3:14:13 PM PDT by SubMareener (Save us from Quarterly Freepathons! Become a MONTHLY DONOR!)
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To: IbJensen

This is going to piz a LOT of democrats off.

Spread the news.


3 posted on 08/31/2011 3:14:35 PM PDT by TribalPrincess2U (Rabid democRATS and 0bama the dictator own it all now.)
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To: IbJensen
This bill was referred to committee 18 months ago and died there. Link
4 posted on 08/31/2011 3:15:04 PM PDT by SoJoCo
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To: IbJensen

I guess I’ll just transition over to cash and money orders.


5 posted on 08/31/2011 3:15:50 PM PDT by Repeal The 17th (Proud to be a (little bit bigger) monthly donor.)
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To: IbJensen

Do you have a credible link to support this?


6 posted on 08/31/2011 3:16:02 PM PDT by SaveTheChief
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To: IbJensen
I have no idea how to get around all this....it makes me sick.....I guess just learn to cheat and be dishonest....if that's what they want that's what they'll get...

the ONLY reason this country hasn't succumbed to be a third world country is because MOST citizens obey laws and pay taxes....

that could end pretty quick...

I guess one thing to do is to increase your deductions so the govt doesn't get as much money thru out the year....

7 posted on 08/31/2011 3:16:35 PM PDT by cherry
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To: IbJensen

Per UrbanLegends.com:

It’s true (as of this writing) that there’s a bill in the House of Representatives (H.R. 4646: Debt Free America Act) which would impose a one percent tax on financial transactions if passed, and it’s also true that the bill was introduced by a Democrat (Rep. Chaka Fattah, Pennsylvania). However, the legislation has zero co-sponsors, nor has it even been acknowledged, let alone supported or endorsed, by the Obama administration. It is expected to go nowhere.

Rep. Fattah has introduced similar bills before over the past six years or so, obviously without success. In a September 2010 interview with Brooks Jackson of FactCheck.org, Fattah said no one at the White House has commented on the current House bill in any fashion.


8 posted on 08/31/2011 3:17:25 PM PDT by mgstarr ("Some of us drink because we're not poets." Arthur (1981))
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To: SoJoCo
Ditto that...

http://www.govtrack.us/congres...

9 posted on 08/31/2011 3:17:40 PM PDT by moovova
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To: SoJoCo

Thank you, I was just about to start having hysterics. Isn’t there a policy on FR that “articles” are not posted that don’t have a reliable source? (Which I don’t think “email” is.) Unless they are specified as “vanity post”? This is serious stuff and people should verify. Our lives and freedoms are on the line in this next election.


10 posted on 08/31/2011 3:19:10 PM PDT by baa39
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To: IbJensen
Think of the problems, can credit card companies pass on this tax/fee? There are already Federal rules covering credit card fees.

Can business pass along this fee?

and remember the anger towards the ATM fees!

11 posted on 08/31/2011 3:20:23 PM PDT by Lockbox (`)
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To: mgstarr

Interestingly, according to Wikipedia the bill also repealed the federal income tax.


12 posted on 08/31/2011 3:21:38 PM PDT by Bubba Ho-Tep ("More weight!"--Giles Corey)
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To: IbJensen

Read where SNOPES was caught out on some untruths. SNOPES is backed by Soros and is run by a husband and wife team. There was something about Kagan and Obama they said was not true but come to find out it was. Had to do with dockets on the Supreme Court. And that thing about taxing bank deposits is an urban legend. See http://urbanlegends.about.com/od/barackobama/a/Obama-One-Percent-Transaction-Tax.htm


13 posted on 08/31/2011 3:22:20 PM PDT by SkyDancer (You know, they invented wheelbarrows to teach government employees how to walk on their hind legs.)
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To: IbJensen
Here's a clue for you. If you receive an email that includes the phrase "FORWARD THIS TO EVERYONE YOU KNOW!! , it's more than likely bogus.
14 posted on 08/31/2011 3:22:38 PM PDT by 109ACS (If this be Treason, then make the most of it. Patrick Henry, May 1765)
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To: IbJensen

Will you ask the mods to delete your thread or shall we? Here’s the gun........


15 posted on 08/31/2011 3:22:48 PM PDT by Hot Tabasco (FREE YOUR BREASTS! FREE YOUR MIND!)
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To: IbJensen

Well...I wants to know...how duz this affeck me? Will my EBT deposit, my EITC deposit, my AFDC deposit, my SCHIP depozit ekcetera get this heer taks? Huh? I reely wants to know....


16 posted on 08/31/2011 3:23:34 PM PDT by Gaffer
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To: TribalPrincess2U
This is going to piz a LOT of democrats off.

Problem is, a lot of democrats just don't think logically about issues like this and tie it into Obama and the Democrat policies. Talk to them, and you will find they are painfully ignorant of the real world. "They are doing it to us!" Who is they? "Them Republicans!"

Seriously. The Left can and will spin this as the "Tea Party's fault" or the Republicans' fault, and people will actually believe it.

17 posted on 08/31/2011 3:24:39 PM PDT by Clock King (Ellisworth Toohey was right: My head's gonna explode.)
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To: TribalPrincess2U

This is BS and shouldn’t be on FR. Just makes us look bad. This is an obscure bill that has been around since 2004 at least. It was proposed by a congressman that wanted to eliminate sales taxes, income taxes and others and replace it with a 1% transaction tax. It has NO sponsors other than the congressman that proposed it and would never get out of committee, much less pass the House. Let’s use our efforts to fight Obamacare, debt ceilings, spending, etc. etc. rather than waste our time with this crap.


18 posted on 08/31/2011 3:25:11 PM PDT by conservaterian (Sarah/DeMint '12)
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To: IbJensen

Is there anything the government won’t tax?

Next they’ll be putting a tax on the taxes we pay!


19 posted on 08/31/2011 3:27:57 PM PDT by aquila48
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To: SkyDancer

Yes, True is “Mostly False” for the Hussein Head Mikkelsons.

They put out around 300 articles A DAY to support the fraud.


20 posted on 08/31/2011 3:28:33 PM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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