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Introducing HR4646 - You might want to be sitting when you read this

 
Stand United
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10/31/2010 07:18 PM
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Introducing HR4646 - You might want to be sitting when you read this
HR 4646 allows the government to order the banks to send 1% of all deposits and withdrawals from your accounts to the federal government in order to eliminate the national debt. if you don't want this to happen call your representatives now and tell them to vote no on HR4646.

[link to www.warnthepeople.org]
spiritnut

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10/31/2010 07:19 PM

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Re: Introducing HR4646 - You might want to be sitting when you read this
that is insane
Anonymous Coward
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10/31/2010 07:21 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
bump
Anonymous Coward
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10/31/2010 07:23 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
You've got two choices,

pick up your guns.........or pick up the Vaseline. hiding
Anonymous Coward
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10/31/2010 07:24 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
It also repeals the individual income tax.
Stand United (OP)

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10/31/2010 07:24 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
You've got two choices,

pick up your guns.........or pick up the Vaseline. hiding
 Quoting: Anonymous Coward 1148205

Unfortunately, you may have a point
Stand United (OP)

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10/31/2010 07:26 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
It also repeals the individual income tax.
 Quoting: Anonymous Coward 904510

So, if this is the case, as it says then how is it going to get the country out of debt? The government is going to take less money than they are currently? I dont think so.
Anonymous Coward
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10/31/2010 07:28 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
Or cash your checks, and keep 5.00 in your account. Treat the government to a cup of coffee, instead of paying off their friggen debt. F' That !!
chrion777
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10/31/2010 07:35 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
HR 4646 allows the government to order the banks to send 1% of all deposits and withdrawals from your accounts to the federal government in order to eliminate the national debt. if you don't want this to happen call your representatives now and tell them to vote no on HR4646.

[link to www.warnthepeople.org]

 Quoting: Stand United



Are you guys crazy, this is the best thing to happen to the USA ever, if this passes.

1% isn't that much, and if if Income tax is phased out; it is an awesome idea.
Stand United (OP)

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10/31/2010 07:39 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
HR 4646 allows the government to order the banks to send 1% of all deposits and withdrawals from your accounts to the federal government in order to eliminate the national debt. if you don't want this to happen call your representatives now and tell them to vote no on HR4646.

[link to www.warnthepeople.org]




Are you guys crazy, this is the best thing to happen to the USA ever, if this passes.

1% isn't that much, and if if Income tax is phased out; it is an awesome idea.
 Quoting: chrion777 1078426

Think. How is this great. If the government doesnt benefit, how can they do this??? Its supposed to get us out of debt! How cn getting less money from us through this bill accomplish that? You are a trusting soul indeed. I for one dont want the government dipping into my deposits!! This is insane!
TX PATRIOT
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10/31/2010 07:45 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
HR 4646 allows the government to order the banks to send 1% of all deposits and withdrawals from your accounts to the federal government in order to eliminate the national debt. if you don't want this to happen call your representatives now and tell them to vote no on HR4646.

[link to www.warnthepeople.org]

 Quoting: Stand United


I don't read it as that. My interpretation from the info on your link is it's a proposed 1% transactional tax like a VAT. However, I haven't research the info past your link. Have you?
Rey Rogers

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10/31/2010 07:46 PM

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Re: Introducing HR4646 - You might want to be sitting when you read this
It also repeals the individual income tax.
 Quoting: Anonymous Coward 904510


scratching

1% vs 30%

Easy choice.
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Stand United (OP)

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10/31/2010 07:47 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
HR 4646 allows the government to order the banks to send 1% of all deposits and withdrawals from your accounts to the federal government in order to eliminate the national debt. if you don't want this to happen call your representatives now and tell them to vote no on HR4646.

[link to www.warnthepeople.org]

 Quoting: Stand United

1% of EVERY TRANSACTION. Get a check as a birthday present, rebate check, all personal checks, payroll checks, insurance checks, law suit claims, that goes for businesses too! Thinka bout it. You own a business and charge a customer $100, when you go to deposit it they will get their 1%, MEANING prices will go up that 1% or more to compensate. So the government gets 1% of EVERY transaction public OR private. Sounds a lot like socialism to me!!!!
DERAIL

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10/31/2010 07:48 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
How many people get paid under the table?

What if cash gets phased out?

All of the unemployed (but still working) and illegal aliens getting paid in cash will now have to start paying that 1% or get booted out.
atheism is a non-prophet organization

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Stand United (OP)

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10/31/2010 07:52 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
It also repeals the individual income tax.


scratching

1% vs 30%

Easy choice.
 Quoting: Rey Rogers

No its not that easy! Think about the implications! EVERY TRANSACTION!!!! You want the government dipping into your account? EVERY TRANSACTION! What will this do to businesses? You will deposit your check, there 1% then you go to spend money ANYWHERE and when they deposit your check, they will get hit with 1%. ALL transaction PUBLIC OR PRIVATE! If they werent getting more money from citizens they wouldnt do it! How can they get out of debt THEY created if they all of a sudden take "only 1% vs. 30%?? Sounds like we'd be in worse shape if thats the case right? They will get MORE money and a LOT MORE MONEY indeed!!! Wages will go down, hyper inflation, businesses WILL BE affected. You think there doing this as an act of kindness? Wake Up!
Stand United (OP)

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10/31/2010 07:55 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
How many people get paid under the table?

What if cash gets phased out?

All of the unemployed (but still working) and illegal aliens getting paid in cash will now have to start paying that 1% or get booted out.
 Quoting: DERAIL

Paid in cash and dont have bank accounts! This is a push toward a one world economy! This is so wrong on so many angles! The Federal Reserve was DESIGNED to fail! Never EVER forget that FACT!
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10/31/2010 07:56 PM

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Re: Introducing HR4646 - You might want to be sitting when you read this
HR 4646 allows the government to order the banks to send 1% of all deposits and withdrawals from your accounts to the federal government in order to eliminate the national debt. if you don't want this to happen call your representatives now and tell them to vote no on HR4646.

[link to www.warnthepeople.org]

 Quoting: Stand United

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Resister

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10/31/2010 07:56 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
that is insane
 Quoting: spiritnut

That is theft and it will be recognised as exactly that. If the federal government thinks it can simply draft my personal bank acount they will find out pretty quickly how I treat theives that take my stuff.

This might be a good time for the fed to review why the second ammendment was written in the first place.
"God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787
[link to line-in-the-sand.spam]
Stand United (OP)

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10/31/2010 08:02 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
that is insane

That is theft and it will be recognised as exactly that. If the federal government thinks it can simply draft my personal bank acount they will find out pretty quickly how I treat theives that take my stuff.

This might be a good time for the fed to review why the second ammendment was written in the first place.
 Quoting: Resister

Im glad some people get the magnitude of this shit!
Anonymous Coward
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10/31/2010 08:03 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
It also repeals the individual income tax.


scratching

1% vs 30%

Easy choice.
 Quoting: Rey Rogers


1% of deposits and withdrawals. Think about it.
Anonymous Coward
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10/31/2010 08:05 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
HR 4646 allows the government to order the banks to send 1% of all deposits and withdrawals from your accounts to the federal government in order to eliminate the national debt. if you don't want this to happen call your representatives now and tell them to vote no on HR4646.

[link to www.warnthepeople.org]

 Quoting: Stand United

..

i thought this was already a done deal...another 1%????...shit...how much more those thieves want now???


...
Anonymous Coward
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10/31/2010 08:07 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
It also repeals the individual income tax.
 Quoting: Anonymous Coward 904510


That part doesn't become effective immediately from what I remember reading about this. So, for a set time, they will be stealing both ways from us.

Could be wrong but that is what I remember reading about it. Does anybody know for sure?

And when the time comes to do away with income tax what is to prevent them from changing that part of HR4646 and re-instating income tax.

It's same with HC. We pay on it several years but don't get full benefits, if you call call it that, from it until 2014.
The Jug

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10/31/2010 08:08 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
HR 4646 allows the government to order the banks to send 1% of all deposits and withdrawals from your accounts to the federal government in order to eliminate the national debt. if you don't want this to happen call your representatives now and tell them to vote no on HR4646.

[link to www.warnthepeople.org]




Are you guys crazy, this is the best thing to happen to the USA ever, if this passes.

1% isn't that much, and if if Income tax is phased out; it is an awesome idea.
 Quoting: chrion777 1078426

Have you lost your mind? The government will NEVER repeal income tax....EVER.

You let them pass this, and watch it get "amended" before the 2017 income tax repeal rolls around.
TX PATRIOT
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10/31/2010 08:10 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
It also repeals the individual income tax.


scratching

1% vs 30%

Easy choice.

No its not that easy! Think about the implications! EVERY TRANSACTION!!!! You want the government dipping into your account? EVERY TRANSACTION! What will this do to businesses? You will deposit your check, there 1% then you go to spend money ANYWHERE and when they deposit your check, they will get hit with 1%. ALL transaction PUBLIC OR PRIVATE! If they werent getting more money from citizens they wouldnt do it! How can they get out of debt THEY created if they all of a sudden take "only 1% vs. 30%?? Sounds like we'd be in worse shape if thats the case right? They will get MORE money and a LOT MORE MONEY indeed!!! Wages will go down, hyper inflation, businesses WILL BE affected. You think there doing this as an act of kindness? Wake Up!
 Quoting: Stand United


Whew....OP....calm....research....

You first need to operationally (legally) define "transaction".

The way I read the language from your link:

"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. "

This does not refer to taking money out of one's banking account.

Are you familiar with VAT in Europe?

I believe what they are proposing in this bill is analogous to a VAT, but they won't call it that because the term has such negative connotations from Europe (they keep raising it and raising it and raising it). I'll call it a flat tax as that term has been used quite frequently in the last decade by those who desire tax change.

I read this as a 1% flat transactional tax to be added to any and all state and local transactional taxes. For example, I purchase a car in TX. I pay my state sales tax of 8.5% and with this I would pay another 1% to the fed gov.

If I pay for services (intangible), say consulting services that do not produce a tangible product, then in TX I would only pay the 1% because there is no state "sales" tax on such services in the state of TX.

Of course, it is prudent to be vigilant and cautious, but you are making wild assumptions without first knowing the op def of the term "transactional".
.
:)
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10/31/2010 08:19 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
Meanwhile, across the pond:


New Orwellian Tax Scheme in England Would Require All Paychecks Go Directly to the Tax Authority

Posted by Daniel J. Mitchell

Our tax system in America is an absurd nightmare, but at least we have some ability to monitor what is happening. We can’t get too aggressive (nobody wants the ogres at the IRS breathing down their necks), but at least we can adjust our withholding levels and control what gets put on our annual tax returns. The serfs in the United Kingdom are in much worse shape. To a large degree, the tax authority (Inland Revenue) decides everyone’s tax liability, and taxpayers have no role other than to meekly acquiesce. But now the statists over in London have decided to go one step farther and have proposed to require employers to send all paychecks directly to the government. The politicians and bureaucrats that comprise the ruling class then would decide how much to pass along to the people actually earning the money. Here’s a CNBC report on the issue.

The UK’s tax collection agency is putting forth a proposal that all employers send employee paychecks to the government, after which the government would deduct what it deems as the appropriate tax and pay the employees by bank transfer. The proposal by Her Majesty’s Revenue and Customs (HMRC) stresses the need for employers to provide real-time information to the government so that it can monitor all payments and make a better assessment of whether the correct tax is being paid. …George Bull, head of Tax at Baker Tilly, told CNBC.com. “If HMRC has direct access to employees’ bank accounts and makes a mistake, people are going to feel very exposed and vulnerable,” Bull said. And the chance of widespread mistakes could be high, according to Bull. HMRC does not have a good track record of handling large computer systems and has suffered high-profile errors with data, he said. …the cost of implementing the new system would be “phenomenal,” Bull pointed out...
[link to www.cato-at-liberty.org]
Resister

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10/31/2010 08:38 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
It also repeals the individual income tax.


scratching

1% vs 30%

Easy choice.

No its not that easy! Think about the implications! EVERY TRANSACTION!!!! You want the government dipping into your account? EVERY TRANSACTION! What will this do to businesses? You will deposit your check, there 1% then you go to spend money ANYWHERE and when they deposit your check, they will get hit with 1%. ALL transaction PUBLIC OR PRIVATE! If they werent getting more money from citizens they wouldnt do it! How can they get out of debt THEY created if they all of a sudden take "only 1% vs. 30%?? Sounds like we'd be in worse shape if thats the case right? They will get MORE money and a LOT MORE MONEY indeed!!! Wages will go down, hyper inflation, businesses WILL BE affected. You think there doing this as an act of kindness? Wake Up!


Whew....OP....calm....research....

You first need to operationally (legally) define "transaction".

The way I read the language from your link:

"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. "

This does not refer to taking money out of one's banking account.

Are you familiar with VAT in Europe?

I believe what they are proposing in this bill is analogous to a VAT, but they won't call it that because the term has such negative connotations from Europe (they keep raising it and raising it and raising it). I'll call it a flat tax as that term has been used quite frequently in the last decade by those who desire tax change.

I read this as a 1% flat transactional tax to be added to any and all state and local transactional taxes. For example, I purchase a car in TX. I pay my state sales tax of 8.5% and with this I would pay another 1% to the fed gov.

If I pay for services (intangible), say consulting services that do not produce a tangible product, then in TX I would only pay the 1% because there is no state "sales" tax on such services in the state of TX.

Of course, it is prudent to be vigilant and cautious, but you are making wild assumptions without first knowing the op def of the term "transactional".
.
 Quoting: TX PATRIOT 1084508

Good eye TX Patriot. Makes perfect sense. They lofted the trial balloon of the VAT tax last year and pissed off a lot of people. Just like they have renamed cap and trade they have smoke and mirrored the VAT to this bill. A tax on every transaction is shoe in the door to the full on VAT.
"God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787
[link to line-in-the-sand.spam]
Anonymous Coward
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10/31/2010 08:41 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
It also repeals the individual income tax.


scratching

1% vs 30%

Easy choice.


1% of deposits and withdrawals. Think about it.
 Quoting: Anonymous Coward 1135775



Then it becomes really easy...


Simply quit using the banks ;)
Anonymous Coward
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10/31/2010 08:42 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
Do you really think they will do away with income tax - think about it?
Anonymous Coward
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10/31/2010 08:43 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
Welcome to change...... lol.



oyesbutt


oridin
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10/31/2010 08:43 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
You've got two choices,

pick up your guns.........or pick up the Vaseline. hiding
 Quoting: Anonymous Coward 1148205

vaseline seems to win over the alternative today..
Anonymous Coward
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10/31/2010 08:44 PM
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Re: Introducing HR4646 - You might want to be sitting when you read this
It also repeals the individual income tax.


scratching

1% vs 30%

Easy choice.


1% of deposits and withdrawals. Think about it.



Then it becomes really easy...


Simply quit using the banks ;)
 Quoting: Anonymous Coward 990564




exactly...


If you get 100 Dollars you lose 1.

For 10,000 you lose 10

For 100,000 you lose 1,000



Oh did I mention that's just the deposit.

You now gotta pay the government to get your money back.

News








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