ON JANUARY 1ST 2012, THE GOVERNMENT IS REQUIRING EVERYONE TO HAVE DIRECT DEPOSIT FOR SS CHECKS. WONDER WHY?
Be sure to scroll down to read entire explanation!
Do you receive a retirement check from Soc Sec or a pension fund and have it direct deposit? Well guess what? The government wants to tax it 1% !!! *just one more nail in the coffin me thinks......
All of you old coots, and old coots to be, had better read this. Is your Soc. Sec. check on direct deposit?
WAKE UP AMERICA
1% tax on all bank transactions HR4646
Watch for this AFTER November elections; remember this BEFORE you VOTE in case you think Obama's looking out for your best interest.
A 1% tax on ALL bank transactions HR 4646. This government just cannot think of enough ways to tax the American people!
FORWARD THIS TO EVERYONE YOU KNOW!
1% tax on ALL bank transactions HR 4646 - ANOTHER NEW OBAMA TAX Checked this on snopes, it's true! Check out HR 4646.
President Obama's finance team is recommending a one percent (1%) transaction fee (TAX).
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 accountwill 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 $10 just for the privilege of depositing your paycheck in your bank.
Even if you hand carry your paycheck or any check into your bank for a deposit, 1% tax will be charged. You receive a $5,000 stock dividend from your broker, Obama's HR4646 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, these are the people who promised, 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 the 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? It's a 1% tax increase across the board, and once it's in place, 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 all transactions you made from last year's banking statements -- deposits, transfers, withdrawals, debit payments, checks you wrote, et al, EVERY transaction. Then, add the total of all those transactions and deduct 1%. Still think it's no big deal?
A Proposed 1% Tax On All Financial Institution Transaction-Mostly Truth!
snopes.com: Debt Free America Act