Another new tax idea being floated by the Obama White House is the so-called “transaction tax.” This tax will initially be a 1% tax on any transactions you make at any financial institutions such as banks and credit unions. If you make a deposit or withdrawal, move money from one account to another, or even take cash from an ATM you will have to pay 1% of each amount to the Federal government. Think about how many such transactions you make a month and you can see how quickly this amount can add up.
But, maybe there won't be enough votes to pass this (not yet, anyway).
4 comments:
What a mess and he hasn't a clue.
Their getting desperate aren't they? Surely, this is where people will stand up and revolt. Right?
If something like this ever passed... We'd have a serious underground money system.
I hate him!
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