Monday, October 11, 2010

Financial 1% Fee On ALL Transactions?

This seems to be on the level, author unknown, and, well, this seems about right given what we know from the dim past two years. Obama is about taking from all of us and then giving to those that will support his programs of redistribution of wealth.

Anyway way you want to read this, it comes out the same, our president intends to destroy the American dream of free enterprise and personal freedom. Is this what we want? I don't believe it is.

But you decide, and then vote in November on that decision - and if things go bad, remember what you voted for and don't blame those of us that voted for freedom.



They are------INSANE ! ! ! ! ! ! ! Subject: 1% tax on all deposits & withdrawals...MUST READ !!!

This from the man who promised Transparency, and no tax increases on the middle class.
1% tax on all deposits & withdrawals...A MUST READ!!

I checked this out on Snopes and it is true. An act called Dept Free America Act (HR4646) has been proposed by Chaka Fattah (D-Pa) in the House.
http://www.snopes.com/politics/taxes/debtfree.asp

Just count the number of transactions!!

VOTE VOTE VOTE VOTE IN NOVEMBER

Barack Obama's finance team & Nancy Pelosi are recommending a 1% transaction tax on all financial transactions. His plan is to sneak it in after the November election to keep it under the radar. See what Nancy has to say (click on the link at the end) about this wonderful idea! And it's only 1%!!!! -This is a 1% tax on all transactions to or from any financial institution i.e.. Banks, Credit Unions, Mutual funds, Brokers, etc.

-Any DEPOSIT you make will have a 1% tax charged.
-Any WITHDRAWAL you make, 1% tax.
-Any transfer within your account, a transfer to or from savings and checking, will have a 1% tax charged.
-Any ATM transaction, withdrawal or deposit, 1% tax.
-If your pay check or your Social Security is direct deposited, 1% tax.
-If you carry a check to your bank to deposit, 1% tax.
-If you take cash in to deposit, 1% tax.
-If you receive any income from a bond or a dividend from stock, 1% tax.
-Any Real Estate Transaction, 1% tax. (This is on top of the 3.8% they just slid in on you) total nearly 5%, commission + tax 11%, some states "Excise Tax is an additional 1+% 12% OR MORE)
-Pay for your insurance (health)... 1%
-Consider 1% coming IN, and 1% going OUT, 2% of all transactions... unreal.

Some areas in California are over 9%, add two more 11%, who are they kidding??? -This administration is about YOUR MONEY, and they will take it from you how ever they can. -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!

-Is he really completely honest and trustworthy? -They should do something about the out of control Spending & Entitlements!!!
See what Nancy Pelosi says--SHE LOVES IT
http://tinyurl.com/24dn5ud

1 comment:

Anonymous said...

Do be sure to check out that Snopes link. And be sure you read what you find there, not just the false information repeated here.