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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRight-winger sent me this. I have no idea what it's about..Anyone???
I hope that this is not true!
ON JANUARY 1, 2013, THE US GOVERNMENT WILL BE REQUIRING EVERYONE TO HAVE DIRECT DEPOSIT FOR SS CHECKS.
WONDER WHY? Subject: HR 4646 Be sure to read entire explanation
Watch for this AFTER November elections; remember this BEFORE you VOTE, in case you think Obama is looking out for your best interest.
A 1% tax on all bank transactions is what HR 4646 calls for.
Do you receive a paycheck, or a retirement check from Social Security or a pension fund and have it direct deposit??
Well guess what ... It looks as if Obama wants to tax it 1% !!!
This bill was put forth by Rep. Chaka Fattah (D-PA).
YES, that is 1% tax on all bank transactions - HR 4646, every time it goes in and every time money goes out.
Ask your congressperson to vote NO.
FORWARD THIS TO EVERYONE YOU KNOW!
1% tax on all bank transactions ~ HR 4646 - ANOTHER NEW OBAMA TAX SLIPPED IN WHILE WE WERE ASLEEP. Checked this on snopes, it's true! Check it out yourself ~ HR 4646.
President Obama's finance team is recommending a one percent (1%) transaction fee (TAX). Obama's plan is to sneak it in after the November elections to keep it under the radar.
This is a 1% tax on all transactions at any financial institution - banks, credit unions, savings and loans, etc. Any deposit you make, or even a transfer within your own bank from one account to another, will have a 1% tax charged.
If your paycheck or your Social Security or whatever is direct deposit, it will get a 1% tax charged for the transaction.
If your paycheck is $1000, then you will pay Obama $10 just for the privilege of depositing your paycheck in your bank. Even if you hand carry your paycheck or any check in to your bank for a deposit, 1% tax will be charged.
You receive a $5,000 stock dividend from your broker, Obama takes $50 just to allow you to deposit that check in the bank.
If you take $1,000 cash to deposit at your bank, 1% tax will be charged.
Mind you, 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 about this guy's under-the-table moves to increase the number of ways you are taxed.
Oh, and by the way, if you receive a refund from the IRS next year and you have it direct deposited or you walk in to deposit that check, you guessed it. You will pay a 1% charge of that money just for putting it in your bank.
Remember, any money, cash, check or whatever, no matter where it came from, you will pay a 1% fee if you put it in the bank.
Some will say, oh well, it's just 1%. Are you kidding me? It's a 1% tax increase across the board. Remember, once the tax is there, they can also raise it at will. And if anyone protests, they will just say, "Oh,that's not really a tax, it's a user fee"!
Think this is no big deal? Go back and look at the transactions you made from last year's banking statements. Then add the total of all those transactions and deduct 1%. Still think it's no big deal?
The following is copied from Snopes:
1. snopes.com: Debt Free America Act
Is the U.S.government proposing a 1% tax on debit card usage and/or banking transactions?
...It is true. The bill is HR-4646 introduced by US Rep Peter deFazio D-Oregon and US Senator Tom Harkin D-Iowa. Their plan is to sneak it in after the...
...moved beyond proposing studies and submitted the Debt Free America Act (H.R. 4646), a bill calling for the implementation of a scheme to pay down the...
...[2010] by Rep. Chaka Fattah (D-Pa.). His "Debt Free America Act" (H.R. 4646) would impose a 1 percent "transaction tax" on every financial transaction...
Wed, 02 Nov 201111:27:37 GMThttp://www.snopes.com/politics/taxes/debtfree.asp
nadinbrzezinski
(154,021 posts)To reduce cost, all paranoia aside.
Vincardog
(20,234 posts)nadinbrzezinski
(154,021 posts)all government checks are going to direct deposit... all paranoia aside.
In fact, I NEED to get him to do it.
Woody Woodpecker
(562 posts)so they have a reliable method of depositing - and not to worry about the weekends. If my deposit day falls on the weekend, then it is deposited the Friday before the weekend.
I understand it is also to reduce fraud dealing with checks too.
Quantess
(27,630 posts)Just kidding.
bluestateguy
(44,173 posts)Like one of those e-mail transaction taxes that we were warned about supposedly 10-12 years ago.
The Velveteen Ocelot
(115,836 posts)You can pretty much count on any email forwarded from a right-winger to be false.
monmouth
(21,078 posts)Curmudgeoness
(18,219 posts)will provide a link to Snopes, and the link will actually say it is false, but none of the idiots who forward the email have ever clicked on the link. I get these emails all the time, and I always click on Snopes----and you are right, it is always false.
And another funny thing about the links to Snopes, if I use Snopes as information to debunk something that they say, they will tell me that Snopes is a left-wing commie site that can't be trusted. Go figure.
dawg
(10,624 posts)It is bullshit, pure and simple.
FLyellowdog
(4,276 posts)Read the entire article.
CurtEastPoint
(18,663 posts)monmouth
(21,078 posts)Glitterati
(3,182 posts)To the account recommended by Social Security.
Not one dime in fees.
No one penny in charges.
Since 2008.
This is complete and utter freeper BS.
Tennessee Gal
(6,160 posts)If you click on the snopes link the person provided, it states it is FALSE!
Here is the link again: http://www.snopes.com/politics/taxes/debtfree.asp
MineralMan
(146,329 posts)Anything forwarded in email should be suspect. Check first; post later, if it checks out.
Populist_Prole
(5,364 posts)Now, whenever I direct him to where Snopes "busts" the rumor, he then dismisses Snopes as "left wing". Before, he always referred to Snopes to give his claims validity. Of course, when you actually check, you find he was cherry picking out of context.
lapfog_1
(29,223 posts)Analysis: Quite misleading. It's true (as of this writing) that there's a bill in the House of Representatives, the Debt Free America Act (H.R. 1125), which would impose a one percent tax on certain financial transactions if passed, and it's also true that the bill was introduced by a Democrat, Rep. Chaka Fattah of Pennsylvania (who introduced more or less the same legislation in 2010 as H.R. 4646).
However, the legislation has zero co-sponsors, nor has it ever been acknowledged, let alone endorsed or supported, by anyone in the Obama administration.
Moreover, contrary to what is repeatedly claimed in the email, under the proposed legislation personal bank deposits would not be subject to subject to the tax. Section 4501(b)(2) of the current version of the bill reads as follows:
EXCEPTIONS- The term specified transaction shall not include--
(A) any transfer between accounts of the taxpayer, and
(B) any deposit into a personal account of an individual.
Like all previous iterations of the Debt Free America Act, the 2011 version isn't expected to be voted on, let alone passed by Congress.
libinnyandia
(1,374 posts)southernyankeebelle
(11,304 posts)go to our bank accounts and social security does also. I happen to think it is a good idea. No one can steal your check out of your mail box. It goes directly to the bank. I have never had any problems getting any of our pay checks direct mail. I don't have a debit card. Our checks go direct to our account. They blame Obama but Obama can't put this thru without congress and the senate. Obama only signs a bill. I don't like the 1% deal. But we can all call our congress people and bitch about it.
The Velveteen Ocelot
(115,836 posts)The bill was introduced by a single congressman, has no support from the Obama administration, will never make it to the floor let alone pass.
southernyankeebelle
(11,304 posts)congress taking through the house and senate.
Ian David
(69,059 posts)Go all the way to the bottom of the email chain, and Bcc (or Cc at your discretion) ALL of them.
And if you're like me, spend a year forwarding Progressive emails to all of them.
monmouth
(21,078 posts)pinboy3niner
(53,339 posts)by Forbes | March 16, 2012 at 10:22 AM
...
The email is wrong. Its wrong on a bazillion levels. Its yet another poorly researched, heavily politicked hoax email.
Heres the real scoop:
Yes, it is true that the Treasury Department will begin phasing out paper checks. And yes, federal benefit recipients, including those who receive Social Security, will be required to either get their payments by direct deposit or in the form of a prepaid, rechargeable debit card (it will be a MasterCard®). The switch has to take place in about a year, on March 1, 2013 (and not January 2013). If youre already using direct deposit, nothing will change.
The switch is intended to save tax dollars; paper checks currently cost taxpayers nearly $120 million. That number is expected to dramatically increase as the number of baby boomers nearing retirement age explodes. Some estimates take the savings up to a billion, though Im not sure how accurate that really is.
That new rule, though, has zero to do with H.R. 4646.
...
More at link:
http://xfinity.comcast.net/blogs/finance/2012/03/16/social-security-direct-deposit-tax-email-a-fraud/
Ian David
(69,059 posts)NutmegYankee
(16,201 posts)Because they are fucking nuts.
magical thyme
(14,881 posts)SSN on direct deposit saves money for postage and check printing, as well as getting you your money faster. Especially if you have a good credit union (I get paid 1-2 days before anybody else I work with).
Populist_Prole
(5,364 posts)They normally jump right out and obliterate your retinas with outrageously large and varying fonts in vivid colors, and peppered with about four fifths of the world's supply of exclamation points and ellipses.
Wind Dancer
(3,618 posts)Very true.
BiggJawn
(23,051 posts)Not Me
(3,398 posts)at $120Mil currently, and perhaps $1Bil a year when all the baby boomers are collecting.
You'd think all the tea partiers would see this as a way to cut government spending.
But no, "*this* affects me. I don't want to change."
SkatmanRoth
(843 posts)brush
(53,847 posts)This sounds like a thread that was circulation yesterday. I posted this then: "This sounds like a rumor started by the repug party to scare voters away from the President. Don't fall for it. It's like what the repugs did during the Bush administration: They'd name their anti-environment, lack of sensible regulation bills just the opposite of what the bills really meant; i.e., the Blue Skies Act actually allowed corporations to spew even more pollution into the air. And the Clean Water bill allowed more tainted, pollution-filled waste to be dumped into our lakes, streams and rivers. Sounds to me like the repugs are floating ideas out there that they're really thinking about trying. They'll gauge the reaction and if 1% scares the sh it out of people, they may counter later after the election with .5% or .25% and people will be so relieved it's not a full 1% that they'll fall for it. They don't call them dirty tricksters for nothing." C'mom. Think about it. With the election coming up do you think the President would try something so outrageous that everyone would be against it?
Auntie Bush
(17,528 posts)It's false according to Snoops. It's a dead old bill and will never come up for a vote. Forget about it! But it's typical of the false things wingers say about Dems. I've gotten so many of them... they make me sick.
ReThugs send out lies and propaganda to all their friends etc. and of course they want to believe it so they never dare look it up for it's accuracy. Deep down they know it's a lie but they want to believe it.
B Calm
(28,762 posts)bad it's another right wing lie!
jwirr
(39,215 posts)depostited to then you are directed to GoDirect a bank account maintained by Social Security. I already have GoDirect because I am in so much finacial trouble I do not dare have an account.
life long demo
(1,113 posts)But as another posted, if the e-mail comes from a winger or even someone who doesn't check the info it's usually false. I aways go to www.snopes.com and I reply back to the person who sent it to me that it was false and encourage them to check before forwarding.
GeorgeGist
(25,323 posts)You can't imagine where this spunk has been.