Author Topic: Obamas finance team recommend a 1% transaction tax on all financial transactions  (Read 598 times)

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Offline Aces High

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Bill HR4646 introduced by Rep Peter deFazio and US Senator Tom Harkin D-Iowa.

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

Any deposit or withdrawal you make will have a 1% tax charged, including ATM.

http://www.snopes.com/politics/taxes/debtfree.asp

Offline syyuge

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So just in 70 transactions the money becomes half without getting any return. Will it increase or reduce the barter trade.
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Offline serbian army

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This would be a disastrous decision. We will go back to native American style of economy with this. I have some extra fish and you have some extra blankets, lets trade behind the corner :::D
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Offline t_h_j

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Bill HR4646 introduced by Rep Peter deFazio and US Senator Tom Harkin D-Iowa.

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

Any deposit or withdrawal you make will have a 1% tax charged, including ATM.

http://www.snopes.com/politics/taxes/debtfree.asp

did you read the link you posted?

Offline takebackourtemple

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Sounds awful, but if someone was to do away with the income tax and implement this, it would still be much better. At least everyone would pay the same 1% regardless of if they were affirmative action morons.
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