SNEAKY PAYROLL TAX

This was sent to me from a bank executive.

Just got this. If this passes, for the sake of round numbers, if you
have a total annual income of $50,000 direct deposited to your bank,
the government will take $500 of it before you even get a chance to
move anything to or from a savings acct.

Please pay attention people.......

A one percent transaction tax is proposed by President Zero's finance
team. His plan is to sneak it in after the November election to keep it under the radar. This is a 1% tax on all transactions at any financial institution i. e. Banks,
Credit Unions, etc.. 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.

Some will say aw,it's just 1%. It's a 1% tax increase across the
board... remember once the tax is there they can raise it at will.

http://www.standard.net/node/44797

I DID A "GOOGLE" ON THIS P.O.S. & GOT THIS OFF A YAHOO NEWS...

Is this the Democrat's H.R. 4646 incorrectly named "Debt Free America
Act"?
I looked it up, it is sponsored by Rep. Chaka Fattah.
http://en.wikipedia.org/wiki/Chaka_Fattah

Here is a version that leaves the sorting out to the reader. It does
mention one other thing, 'phasing out" income tax, looked that up and
it is by 2017. So we would be paying income tax, too.

Congressional Research Service Summary
The following summary was written by the Congressional Research
Service, a well-respected nonpartisan arm of the Library of Congress.
GovTrack did not write and has no control over these summaries.

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.

Pray this one will die in committee.