President Obama’s finance team and Nancy Pelosi are recommendinga 1% transaction tax on all financial transactions.
His plan is to sneak it in after the November election to keep it under the radar.
See what Nancy has to say about this wonderful idea! (She also says it will be global.)
It’s only 1%!This is a 1% tax on all transactions to or from any financial institution i.e. Banks, Credit Unions,Mutual funds, Brokers, etc.
Any (and every?) deposit you make will have a 1% tax charged.
Any transfer within your account, a transfer to or from savings and checking, will have a 1% tax charged. Any ATM transaction, withdrawal or deposit, 1% tax.
If your pay check or your Social Security is direct deposited, 1% tax. If you carry a check to your bank to deposit, 1% tax. If you take cash in to deposit, 1% tax. If you receive any income from a bond or a dividend from stock, 1% tax. Any Real Estate Transaction, 1% tax.
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! Remember, he is completely honest and trustworthy.
Keep your eyes and ears open.