EAST TEXAS HOG DOGGERS FORUM

 HR 4646 - beware

 

 

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 deposit??

Well guess what ... It looks as if Obama 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). Obama's 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 Obama $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, Obama 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
 
=

 

 that 1% tax has been in the works for several years now. its not just ss checks, its va disability checks, and possibly any and all direct deposits even for your regualr paycheck. the government blows the taxes we pay so they have to find different methods for us to pay for their screw ups.

x2...to stop that BS there needs to be accountability for all the mistakes the government makes...

ifb we make 1150 a week then it would cost 598 dollars a year just to deposit your check...and all other transactions will be 1% fee as well...so lets say you move a total of 800 dollars a week to pay bills online and buy groceries like most folks do then that cost will be another 416 dollars a year...

we have a bunch of clowns running our country...we need proven men and women that have been prosperous in managing a business or better yet owning a prosperous business...right now they just trow our money away and then just tax us somewhere else to make up the difference....

I always have said I don't mind paying a reasonable amount of taxes to help the poor or to have a better school sytem and better roads etc....but it is getting ridiculous...

This bothered me.  A 1% tax on all financial transactions would be HUGE.  So I googled it.  The very first item listed debunked it.


UrbanLegends.com had the exact verbiage as above.  This is what they stated:  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, and 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 acknowledged, let alone endorsed or supported, by anyone in the Obama administration.

Moreover, contrary to what is repeatedly claimed in the email, under the proposed legislation personal bank deposits would not be subject to subject to the tax. Section 4501(b)(2) of the current version of the bill 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.

Reuben, I agree 100% that we have a bunch of clowns running our country and it needs to get turned around in a hurry. My co-workers
and I have discussed this same topic you posted plenty of times here lately. It seems a Representative Chaka Fattah of Pennsylvania
introduced this bill in 2004 as H.R,7759, in 2005 as H.R.1601, in 2007 as H.R.2130, in 2009 as H.R.1703, in 2010 as H.R.4646 and the last time in 2011 as H.R.1125. NONE of these bills Mr. Fattah introduced has ever made it out of committee. They were never put to a vote.
This is purely an effort by one congressman that is hung up on trying to pass this bill. He has no support from anyone else. So if I am reading all the research right that  me and my co-workers dug up on this subject, Mr. Fattah's efforts to keep introducing this bill will keep ending with the same results.  BUT, there is a ton of other chit up there that is very worrisome to say the least. I think I read in one of your post that you were retired. I'm 50 now and I try to pay attention to anything those clowns up there do to effect my soon to be retirement. Paying attention probably isn't going to solve much. All them azzholes that are career politicians need to go or the rest of us will be working untill we are 80.  

 this specific bill and its previous type bills may not have even gotten to voting stage, but if things continue down the same path, this kind of stupid bill may actually get voted on and pass the senate and be made a law. i dont truth jerkwads no further than i can throw an abrams tank.  every 1 of them political sob's are as crooked as a lightning bolt and lower than whale poo on the ocean floor.