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03:33 PM
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Bill to replace Income Tax with a "you touched money" tax
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[quote:Anonymous Coward 1093928:MV8xMTkwODIxXzE5MzE3NTUyXzU4OUM1Q0ND] [quote:Calare] And secondly this would just cause people to use cash. Which would bankrupt all banks. So it was obviously made up by a lunatic. This includes cash. I'm assuming it would be like a Federal Sales Tax that will be put on any transaction. [/quote] No im saying people will stop using banks this is not on cash how could it be. [/quote]
Original Message
[
link to thomas.loc.gov
]
HR 4646 headed to committee.
1% tax anytime you make a monitary transaction.
Claims to pay off national debt in 7 years.
Claims Income Tax will be repealed in 2017.
I figure this is either going to die quickly, or they'll find some reason in 2016 why we can't repeal Income Tax.
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