Tuesday, August 24, 2010

Tax plans for you....had you heard this?

Please tell me this isn't true...include a link, please. UNBELIEVABLE...

(UNEDITED)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 transaction at any financial institution i. e. Banks, Credit Unions, extra. 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. Lee Hoecherl .........Washington Terrace.

Z: I found that some Republicans loved this idea, too...What do YOU THINK?

(thanks Priscilla, for forwarding this info to me) Z


Faith said...

I don't know if I can stand any more of this. I'm already on the very edge of just not making it from month to month, and I think -- but can't find out for sure -- that I just paid a car registration bill that's $16.00 more than I paid last year, all of the excess tax. I say I can't find out because I pay those things over the internet and my bank collapsed after that and I can't find any statement printouts from that era, only from the new bank. I didn't note it anywhere else either, such as in my checkbook. Too bad, so I have to rely on my not terribly reliable memory. But I'm SURE I didn't pay $49.00 last year, but $33.00 on my decrepit little 1990 car. $16.00 makes a HUGE difference to me. Knocking off 1% from everything I do in my bank account is going to make things extra hard.

beamish said...

Cash yer check at Wal-Mart for $3 and get back to the best budget possible. No cash = no buy. Stay out of the shell game altogether until Senator Biden (D - Mastercard) is no longer VP.

Ducky's here said...

That's a letter to the editor. Have you bothered to vet it?

There has been a transaction tax proposed on stock market transactions. With Summers and Geithner heading the team that isn't going anywhere but a tax on deposits and withdrawals --- utter cheese.
Lot of folks already lose more than 1% in fees anyway. They haven't been very demanding of restraint in the credit card or banking "industry".

Joe Conservative said...

Another trial balloon being sent up by the Democrats. If it doesn't get popped early, it becomes the agenda.

They already take 1% of all "profits" FANNIE/FREDDIE make for ACORN and other housing actvist organizations... as part of their National Low Income Housing Trust Fund... we can thank Bush for that gift. Thankfully, the "profits" have been negative thus far.

Chuck said...

We will have hell to pay after the November elections, win or lose.

The only possible scenario we could be safe under is that the GOP win enough in November to scare the remaining Dems (especially Senators) into looking over their shoulders for 2012. You may have enough Dem Senators up for re-election in 2012 that will be scared into voting against an extreme agenda for fear of being next on the chopping block.

If the GOP fails to retake one of the chambers, all bets are off for the next 2 years because the Dems will be convinced that they have a mandate to do whatever they want. The one silver lining here is that the GOP will certainly pick up enough Senate seats to break the super majority.

Z said...

Faith, it sounds very rough on so many people, but that's not their concern as much as the leftwingers say it is. They have more money than Republicans, their out moneying the Right for this nov's election from what I read yesterday, and we're the party of THE RICH :-)
I'll be hoping this doesn't pass for yours sake and ALL of ours sake.

Beamish, not always easy to only use cash but you're right.

Ducky, I don't post without research. Who cares what "lots of folks" do, this tax is a sneak attack on America's middle class he promised to protect.

Chuck, I hope you're right about the super majority.

Seems to me that, in all of this, we need to tighten our belts in uncomfortable ways (something leftwingers aren't going to be happy about, especially if minorities have to suffer a little...they don't give a darn about the us) and start rebuilding by NOT removing Bush's tax cuts, which I think will become the campaign cry by late October.

Z said...


That's both sides of the Greek Church near Ground Zero story, for those of you who have been confused. I'm sure some of you would like to blame the church because it's a far better ideological stance, Ducky, but it looks like there's been some lying going on; You can believe big gov't, I believe the church.

Ducky's here said...
This comment has been removed by a blog administrator.
Z said...

Yes, Ducky, it's why I posted the facts...I do believe the church.

cube said...

If I could draw caricatures, I would depict Bloomberg as a walking money bag. He will do ANYTHING for money. The tale of the Greek church vs. the mosque is very illustrative.

FrogBurger said...

The thieves at work. If that happens they deserve a revolution.

It's monarchy-like.

I am so upset.

But I'd love to have a better source than this.

I am personally started to think my cash is going to go back under my mattress and that the bank won't see me anymore.

Z said...

FB...Of course I Googled this and there's enough about it to warrant GREAT concern. I NEVER post anything with only one source..ever.