unclenedsfishfactory.com

Fish-related discussions

some chain email I got

Moderators: Admin, Uncle Ned
Post Reply   Page 1 of 1  [ 2 posts ]
Author Message
Admin
Post subject: some chain email I got
Posted: Sun Aug 19, 2012 12:21 am
Site Admin
Offline
 
Posts: 11354
Joined: Mon Apr 26, 2004 12:16 pm
Location: Millis MA
Contact: Website
 
ON JANUARY 1, 2013, THE US GOVERNMENT WILL BE REQUIRING EVERYONE TO HAVE DIRECT DEPOSIT FOR SS CHECKS.

WONDER WHY?

Subject: HR 4646

Be sure to read entire explanation

Watch for this AFTER November elections; remember this BEFORE you VOTE, in case you think Obama is looking out for your best interest.

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 deposited??

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.

FORWARD THIS TO EVERYONE YOU KNOW!

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?

The following is copied from Snopes:

1. snopes.com: Debt Free America Act ⤢⤢⤢
Is the U.S.government proposing a 1% tax on debit card usage and/or banking transactions?
...It is true. The bill is HR - 4646 introduced by US Rep Peter deFazio D-Oregon and US Senator Tom Harkin D-Iowa. Their plan is to sneak it in after the...
...moved beyond proposing studies and submitted the Debt Free America Act (H.R. 4646 ), a bill calling for the implementation of a scheme to pay down the...
...[2010] by Rep. Chaka Fattah (D-Pa.). His "Debt Free America Act" (H.R. 4646 ) would impose a 1 percent "transaction tax" on every financial transaction...
Wed, 02 Nov 201111:27:37 GMThttp:// www.snopes.com/politics/taxes/debtfree.asp

_________________

Ned
unclenedsfishfactory@gmail.com
508 533 5969
>>={{{{{{{{{{{{{{(°/)


Top
Profile Quote
grayMatters
Post subject: Re: some chain email I got
Posted: Sun Aug 19, 2012 7:09 am
Offline
 
Posts: 109
Joined: Fri Dec 03, 2004 5:48 am
 
Don't believe everything you read in a chain letter...
From: http://urbanlegends.about.com/od/barack ... on-Tax.htm
Quote:
Analysis: Quite misleading. It's true (as of this writing) that there's a bill in the House of Representatives, the Debt Free America Act (H.R. 1125), which would impose a one percent tax on certain financial transactions if passed. It's also true that the bill was introduced by a Democrat, Rep. Chaka Fattah of Pennsylvania (who introduced more or less the same legislation in 2010 as H.R. 4646).

However, the legislation has zero co-sponsors, nor has it ever been supported, endorsed, or even acknowledged by anyone in the Obama administration.

Also, contrary to what's repeatedly claimed in the email, personal bank deposits would not be subject to subject to the tax under the proposed legislation. Section 4501(b)(2) of the current version of the bill (H.R. 1125) reads as follows:

EXCEPTIONS- The term ‘specified transaction’ shall not include--
(A) any transfer between accounts of the taxpayer, and
(B) any deposit into a personal account of an individual.

Like all previous iterations of the Debt Free America Act, the 2011 version isn't expected to be voted on, let alone passed by Congress.
See also: http://www.snopes.com/politics/taxes/debtfree.asp
Finally see the actual bill(s) yourself: http://www.govtrack.us/congress/bills/111/hr4646


Top
Profile Quote
Display: Sort by: Direction:
Post Reply   Page 1 of 1  [ 2 posts ]
Return to “Ned Complaining”
Jump to: