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General Category => General Discussion => Topic started by: Aces High on July 31, 2011, 12:54:17 am

Title: Obamas finance team recommend a 1% transaction tax on all financial transactions
Post by: Aces High on July 31, 2011, 12:54:17 am: 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
Title: Re: Obamas finance team recommend a 1% transaction tax on all financial transactions
Post by: syyuge on July 31, 2011, 03:27:19 pm: So just in 70 transactions the money becomes half without getting any return. Will it increase or reduce the barter trade.
Title: Re: Obamas finance team recommend a 1% transaction tax on all financial transactions
Post by: serbian army on July 31, 2011, 03:53:45 pm: 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
Title: Re: Obamas finance team recommend a 1% transaction tax on all financial transactions
Post by: t_h_j on July 31, 2011, 04:18:44 pm: Quote from: Aces High on July 31, 2011, 12:54:17 am
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?
Title: Re: Obamas finance team recommend a 1% transaction tax on all financial transactions
Post by: takebackourtemple on July 31, 2011, 09:23:53 pm: 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.