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Another tax for people making less than $250,000?

Obamas plan is to sneak it in after the November election to keep it under the radar.

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%, so

 
Carpy

Asked by Carpy at 11:30 PM on Sep. 18, 2010 in Politics & Current Events

Level 39 (114,053 Credits)
This question is closed.
Answers (21)
  • Who do you thinkis going to pay for all of this out of control spending Obama & the democrats have been doing. The rich can't do it all by themselves. The debt is too massive.

    Natesmom507

    Answer by Natesmom507 at 3:50 AM on Sep. 19, 2010

  • I'm with Natesmom....all this crazy spending they have been doing...(regardless if this particular one is fake or not) did you NOT expect our taxes to go up?? Who else did you think was going to pay for this?!?!
    JuLiAnSmOmMy317

    Answer by JuLiAnSmOmMy317 at 3:58 AM on Sep. 19, 2010

  • Hmmm, will this go poof just like all of Lori's posts in her question did as well? Just because you delete it doesn't mean we didn't all see you were wrong. LOL


    ***


    What the hell are talking about?! I didn't and don't ever delete any answers--why would I want to lose 5 points for doing so?


    Perhaps as a fake newbie, you don't understand that things have CHANGED since you were last on her eunder your OLD screen name, and what happens NOW when you CLOSE a question and award someone best answer, is all of the answers DEFAULT to being listed greatest to least by the overall "score" in terms of up and down VOTES they received!!!


    Go ahead and check out my closed post again,(or any other closed post for that matter) then do the math, if you can....you'll see that ALL of my responses are still there!! LOL.....FAIL!!! :oP


    P.S. Welcome to my stalker fan club!! LOL :o)

    LoriKeet

    Answer by LoriKeet at 7:30 AM on Sep. 19, 2010

  • Carpy--


    It hasn't happened YET, but keep a close eye on this proposed bill or changes in its name (kind of like screen names on CM!)...they apparently have a mind of their own and often manage to sneak THEMSELVES into bills unbeknownst to the bill's sponsors/co-sponsors!! LOL *sigh*


    This link explains the history of this proposal and Rep Chaka Fattah's very PERSISTENT attempts to get it in there somehow over the past 6 years--can you say term limits?! LOL


    http://www.factcheck.org/2010/09/1-transaction-tax/


    I know it's Fact Check, but it's actually a neutral report!

    LoriKeet

    Answer by LoriKeet at 7:39 AM on Sep. 19, 2010

  • Wow, we really have some nasty people on CM. Sounds just like a bunch of lowly Libs trying to tell America that what it happening is not happening. It's a shame we hear it every day.
    Where do you get off trying to make it look like this is a false or incorrect post. She did put a question mark on it. DUH. She never said this would be a sure thing. It is a very REAL bill and actually could be a viable (though not good)way for the government to raise money It sounds just like something they would do. Some of you seem to have doubts our government might impose some of these crazy things we hear proposed. Well hide and watch. This government will do anything they can get away with to wrest what little power we have left in our own lives and they will do it without telling us in a heart beat.
    itsmesteph11

    Answer by itsmesteph11 at 7:50 AM on Sep. 19, 2010

  • Pretty ridiculous, huh? I'm not surprised. He led some people to believe that he was somehow going to spend more money than all of our past presidents combined, but lower taxes? Ha! Sorry, I didn't fall for that.
    LovingSAHMommy

    Answer by LovingSAHMommy at 11:45 PM on Sep. 18, 2010

  • Only tax Obama voters.


    Dimocrats approve of raising taxes.


    So raise their taxes, if they pay any, and make them feel good.


    Then kick them in their beehinds.

    mustbeGRACE

    Answer by mustbeGRACE at 9:43 AM on Sep. 19, 2010

  • http://thehill.com/opinion/columnists/lanny-davis/107351-a-debt-free-america-yes-its-possible


    http://www.americanbanker.com/usb_issues/120_3/tax-proposal-is-as-bad-as-it-ever-was-1014720-1.html


     


    The tax on our personal transactions is not the only transaction tax being proposed. It isn't a "false" as some of you say. This is an old idea globally and nationally that is just being revamped. If it is to be "snuck" in, this is the time.

    jesse123456

    Answer by jesse123456 at 10:00 AM on Sep. 19, 2010

  • Mommom,
    If you would take off those blinders, you could see what is really going on all around you.
    Natesmom507

    Answer by Natesmom507 at 11:59 AM on Sep. 19, 2010

  • links?
    SparklingHope

    Answer by SparklingHope at 11:33 PM on Sep. 18, 2010

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