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Obama's proposed 1% transaction tax

Faster horses

Well-known member
More change coming our way: :mad:

One percent transaction tax is proposed
Last updated Friday, July 9, 2010 - 3:39pm

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
 
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