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Be Careful

Fitzgerald, GA

#1 Oct 18, 2012
ON JANUARY 1, 2013, THE US GOVERNMENT WILL BE REQUIRING EVERYONE TO HAVE DIRECT DEPOSIT FOR SS CHECKS, PAYCHECKS, RETIREMENT CHECKS, PENSION CHECKS, WHATEVER.


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 Obama wants to tax it 1%!
This bill was put forth by Rep. Chaka Fattah (D-PA).
YES, that is a 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 deposited, 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, a 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 in cash to deposit at your bank, a 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% tax on 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?
Gun Runner

Harrison, OH

#6 Oct 18, 2012
Obama's supporters don't care cause they get "free" money!
JUST ME

Waycross, GA

#7 Oct 18, 2012
This bill was presented in 2010, but was never enacted. Had it been enacted it would have replaced federal income tax, not become an additional tax. This is just propaganda for the uninformed. Regardless of who you vote for, please check your facts.
Eric R

Douglas, GA

#8 Oct 18, 2012
It's a Fake E-mail Rumor

Email: Obama to Impose 1% Bank Transaction Tax
Netlore Archive

Updated Jun 16, 2012
H.R. 4646: Viral message claims President Obama's finance team is planning to impose a 1% transaction tax on all transactions at financial institutions, including personal bank deposits.

Description: Email rumor
Circulating since: Aug. 2010
Status: Mostly false (see details below)

Example:
Email text contributed by Julie P., Sep. 8, 2010:

Fw: 1% tax on all bank transactions.

One percent transaction tax is proposed President Obama's finance team is recommending a transaction tax.

His plan is to sneak it in after the November election to keep it under the radar. This is a 1% tax on all transactions at any financial institution I. e. Banks, Credit Unions, etc.. ANY deposit you make, or move around within your account, I. e. transfer to, will have a 1% tax charged.

If your pay check or your social Security or whatever is direct deposit, 1% tax charged.

If you hand carry a check in to deposit, 1% tax charged,

If you take cash in to deposit, 1% tax charged.

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. remember once the tax is there they can raise it at will.

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.
cracker

Fitzgerald, GA

#9 Oct 19, 2012
Eric R wrote:
.
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.
Right, obammy care has increased health insurance by an average of $2500.00 per year, when implemented it's forecast to cost families another $2500.00 per year, average families income is down almost $5000.00 per year. Add it up, even though it's not a "tax", obammy is gonna cost ordinary families about $10,000.00 per year. So how much more can we afford of his stupidity?????????
Hermes

Fitzgerald, GA

#10 Oct 19, 2012
cracker wrote:
<quoted text>
Right, obammy care has increased health insurance by an average of $2500.00 per year, when implemented it's forecast to cost families another $2500.00 per year, average families income is down almost $5000.00 per year. Add it up, even though it's not a "tax", obammy is gonna cost ordinary families about $10,000.00 per year. So how much more can we afford of his stupidity?????????
Show me where you get those numbers.
12345ABC

Moultrie, GA

#11 Oct 19, 2012
No longer HR4646 is now HR1125
Be Careful

Fitzgerald, GA

#12 Oct 19, 2012
He is going to try to put it through again.
cracker

Fitzgerald, GA

#13 Oct 19, 2012
Hermes wrote:
<quoted text>
Show me where you get those numbers.
CBO, Congressional Budget Office
The Unknown

Jesup, GA

#14 Oct 19, 2012
Hermes wrote:
<quoted text>
Show me where you get those numbers.
he got it from romney
Teacher

Enfield, IL

#15 Oct 19, 2012
Eric R wrote:
It's a Fake E-mail Rumor
Email: Obama to Impose 1% Bank Transaction Tax
Netlore Archive
Updated Jun 16, 2012
H.R. 4646: Viral message claims President Obama's finance team is planning to impose a 1% transaction tax on all transactions at financial institutions, including personal bank deposits.
Description: Email rumor
Circulating since: Aug. 2010
Status: Mostly false (see details below)
Example:
Email text contributed by Julie P., Sep. 8, 2010:
Fw: 1% tax on all bank transactions.
One percent transaction tax is proposed President Obama's finance team is recommending a transaction tax.
His plan is to sneak it in after the November election to keep it under the radar. This is a 1% tax on all transactions at any financial institution I. e. Banks, Credit Unions, etc.. ANY deposit you make, or move around within your account, I. e. transfer to, will have a 1% tax charged.
If your pay check or your social Security or whatever is direct deposit, 1% tax charged.
If you hand carry a check in to deposit, 1% tax charged,
If you take cash in to deposit, 1% tax charged.
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. remember once the tax is there they can raise it at will.
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.
Thank you for sharing the FACTS to dispute this right wing propoganda.
Molly Kuehl

Waxahachie, TX

#16 Oct 19, 2012
JUST ME wrote:
This bill was presented in 2010, but was never enacted. Had it been enacted it would have replaced federal income tax, not become an additional tax. This is just propaganda for the uninformed. Regardless of who you vote for, please check your facts.
The Republicans are losing this Presidential race so they have no choice but to put out lies. In this day and age it's so easy to verify misinformation so why do people put stuff like this out there?
bohica

Kathleen, GA

#17 Oct 20, 2012
The state health of Georgia put out a notice that 20% of the increase that state employees will pay for health insurance is because of the pre-paid fees for Obamacare that go into effect in 2014. This came straight from the state.

Must be true.

Obama must go.
James

United States

#18 Oct 20, 2012
www.GetvipNews[dot]com/Obama-t ax
WHAT

Fitzgerald, GA

#19 Oct 20, 2012
And you believe everything on the internet, especially this propaganda published in an election year.

Silly fool!
Molly Kuehl

Waxahachie, TX

#20 Oct 20, 2012
bohica wrote:
The state health of Georgia put out a notice that 20% of the increase that state employees will pay for health insurance is because of the pre-paid fees for Obamacare that go into effect in 2014. This came straight from the state.
Must be true.
Obama must go.
What prepaid fees are you talking about? Another lie. Romney loses.
bohica

Douglas, GA

#21 Oct 20, 2012
Molly Kuehl wrote:
<quoted text>What prepaid fees are you talking about? Another lie. Romney loses.
If I'm lying, then the state is lying. Romney wins you loser.
Here is the third paragraph straight from the State Health Benefit Plan
"To address higher health care costs, adjustments are coming in the form of structural changes and plan design changes. Overall, the aggregate average premium increase for Calendar Year 2013 is 9.5 percent. Two percent of this increase is to provide 100% coverage (as preventive care) for certain women's healthcare services such as contraceptive products and services, routine prenatal screenings and breast-feeding equipment and supplies mandated for 2013 under the Patient Protection and Affordable Care Act. These covered services will be listed by December 1, 2012 at www.AHealtheirSHBP.com ."
Obama loses.
Molly Kuehl

Waxahachie, TX

#22 Oct 20, 2012
bohica wrote:
<quoted text>
Two percent of this increase is to provide 100% coverage (as preventive care) for certain women's healthcare services such as contraceptive products and services, routine prenatal screenings and breast-feeding equipment and supplies
2% increase to cover these necessary women's health care needs. Let's see. That's $2.00 per One hundred dollars. Sounds like a bargain. Obama wins!
Hermes

Ocilla, GA

#23 Oct 20, 2012
Where did you get 20% from that?
It says right there "Two percent of this increase is to provide 100% coverage (as preventive care) for certain women's healthcare services such as contraceptive products and services, routine prenatal screenings and breast-feeding equipment and supplies mandated for 2013 under the Patient Protection and Affordable Care Act."

2 percent is hardly 20.
Gun Runner

Harrison, OH

#24 Oct 20, 2012
Socialism has arrived except here those that don't wanna work don't have too!

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