HR 4646. It's real.
These thieves, pickpockets, crooks and mendacious c*cksuckers seem unable and unwilling to keep their hands OUT of our pockets!
Taxes-taxes-taxes...so where's the CHANGE?
- How about STOP SPENDING, shrink Gooberment, LOWER taxes.....and let US decide how to spend the money we earn?
I am surprised that these kollectivists haven't seized upon the idea floated in 'Old Blighty' recently...that all checks should clear their tax service first (before the individual sees the money) so they can decide how much of your money you will be 'allowed' to have!
TEA = Taxed Enough Already!!!
Sunday, 26 September 2010
1% tax on all bank transactions HR 4646......from Rico
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5 comments:
It has been referred to a few committees and stuck there since February. No co-sponsors. This bill is for all purposes dead. Its not making it out of committee and will be dropped with thousands of other bills in the same situation when Congress changes hands.
'Centralised Deductions' is ready to go... But will people be happy to give HMRC their bank details bearing in mind their data security record?
Will people trust HMRC to make the right deductions and pass on the right amount each month?
How will errors be corrected, at the moment employees have a relationship of mutual trust and need with their employer?
What about other deductions such as holiday pay, SMP, SSP, student loans?
Bearing in mind recent Government IT project failures, why should we believe that this huge new system would work properly?
This will push the growth of an unregistered and unreported cash economy. This will lead to an even greater culture of lawlessness.
Summary of H.R. 4646:
2/23/2010--Introduced.
Debt Free America Act - States as purposes of this Act the raising of sufficient revenue from a fee on transactions to eliminate the national debt within seven years and the phasing out of the individual income tax. Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument. Defines "transaction" to include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions. Establishes in the legislative branch the Bipartisan Task Force for Responsible Fiscal Action to review the fiscal imbalance of the federal government and make recommendations to improve such imbalance. Provides for expedited consideration by Congress of Task Force recommendations. Repeals after 2017 the individual income tax, refundable and nonrefundable personal tax credits, and the alternative minimum tax (AMT) on individuals. Directs the Secretary of the Treasury to: (1) prioritize the repayment of the national debt to protect the fiscal stability of the United States; and (2) study and report to Congress on the implementation of this Act.
Slick.
Actually translates into a 2% tax.
1% on deposits and 1% on withdrawals...
Note, it says, ALL transactions...
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