Lie Pie Title:  New 1% Tax on all Bank Transactions!
Lie Pie Classification: election lie pie, SSI lie pie

Editor's Note: When I'm elected to congress, I'm going to introduce a bill making it illegal to forward a false viral email, and anyone who does so must come to my office in D.C. so I can personally warm their britches. When my bill is introduced, you should conclude that Barack Obama wants to take away your computer. What, honey? You mean just because some nut introduces a bill doesn't mean it will ever become law or that Barack Obama had a hand in it?

I'll be happy to straighten you out on this 1% bank transaction tax B.S.  Some representative named Chaka Fattah from Pennsylvania has introduced a bill nearly every year since 2004 proposing that we do away with all federal taxes and replace them with a tax on all bank transactions. You can read up on it at Snopes.com, Factcheck.org, and Politifact.com. His bill doesn't have a single co-sponsor, and it hasn't ever shown any sign of life. What on earth makes you think Rep. Fattah's bill will ever become law or that Barack Obama had anything to do with it? I'm here to tell you that you don't have to worry about any 1% bank transaction tax. But you do have to worry about me warming your britches and taking away your computer if you don't stop falling for these B.S. viral emails, honey.  --Granny, 2/8/12

WATCH YOUR STEP:  STEAMING VIRAL EMAIL B.S. STARTS HERE

ON JANUARY 1, 2012, THE US GOVERNMENT IS 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 GOV. 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 Gov. 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.

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 $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, Gov. 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?