More taxes

[wagonmaster2]

Hope this won't be too political for this Forum cause it's something that will affect us all regardless of political, religion, or racial affiliation.
Sometime, possibly after the election this fall HR 4646 will be put into effect and will access everyone a 1% tax on every time any money goes into or out of your bank, credit union, or other financial institution. This will include any Social Security, tax refunds, or otherwise that is direct deposited, walked in personally, or just a simple transfer from one account to another.

Just a heads up on something that will directly affect each and every one of us. Could especially be hard on those Full Timers who do most of their banking by phone or over the Internet.

The Administrator may eliminate this but hopefully many can read it even it no replys are allowed.

Wagonmaster2

[UFO Pilot]

This appears to be another internet myth.

[Add]

Suggest you read the snopes.com eval. They say it a hoax.
snopes.com: Debt Free America Act

[doc]

snopes.com: Debt Free America Act

This has been floating around for a while. I have seen people get really upset over "it came from the internet".

[Pepper2]

I find that Snopes is not always accurate. I like to cross check with truthorfiction.com. If they both agree on a topic I'm comfortable, if not, I need to look into it further.

[alba07]

There is no truth to any of this.

[wnytaxman]

As your friendly local CPA I can tell you that there is no such law. If you want to get upset about taxes look to 2013 when the estate tax goes back to a $1 million exemption and we will all get hit with a tax increase when the clock goes back to 2001 and the tax rates that were in effect then.

[RJay]

Hi Folks,
Since it's been established that the premise of this thread is a hoax. Since nothing more can be gained by leaving it open it will be closed. However closing the thread will still allow members to read what has been written.

Thanks for your understanding.