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.
Sounds like the Stamp Act all over again.
This is going to piz a LOT of democrats off.
Spread the news.
I guess I’ll just transition over to cash and money orders.
Do you have a credible link to support this?
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....
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.
Can business pass along this fee?
and remember the anger towards the ATM fees!
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
Will you ask the mods to delete your thread or shall we? Here’s the gun........
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....
Is there anything the government won’t tax?
Next they’ll be putting a tax on the taxes we pay!
Huh?? If they raise my taxes, it is not going to help ME be debt free!
But will Hawala be taxed :)
Amusing but this is a crock of Horse $hit.
Yet Zero is my HERO!
Good one, some of the folks will believe anything Zero says, and others will believe any thing others say about him.
Yeech what a piece of dog doodie or leader is.
Caddis the Younger
OpenCongress Summary
This bill seeks to eliminate the national debt by repealing the individual income tax and adding a new 1% tax on all financial transactions, including all consumer transactions like uses of cash, check and debit. It would also repeal refundable and nonrefundable personal tax credits and the alternative minimum tax (AMT). This bill has not attracted any co-sponsors, moved in the legislative process, or gotten any attention from congressional leaders. There is virtually zero chance of it moving in Congress. For more information, see this OpenCongress blog post: Vast Majority of Bills Go Nowhere (Debt Free America Edition).
bkmk
...............This is a 1% tax on all transactions at any financial institution .......................
No, this a 2% tax, because you pay another 1% when you take money back out of your account, via check, debit card, cash withdrawal.
Sneaky little communist bastards aren’t they!
This is insane. It would cause an immediate run on bank deposits, resulting in the collapse of the banking system. Rich & poor alike would find other places to keep their money.
Bear in mind that banks are paying less than 1% PER YEAR on savings, so there is little incentive to keep money in the banks now beyond security & convenience. With the advent of electronic payments, credit cards, & the like, people could avoid using a bank completely. Banks would literally be taxed out of business.
More Marxist methodology from Liberals to destroy this country.