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1% tax on all banking transactions?


Fezmid

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Haven't seen anything about this yet.

 

http://www.ohiofreepress.com/general/2010/h.r.4646-1-tax-transactions-financial-institution/

 

Anyone looked into it to see if it's true?

 

It's an actual bill, yes - found it on GPO: http://frwebgate3.access.gpo.gov/cgi-bin/TEXTgate.cgi?WAISdocID=PYNe4g/0/1/0&WAISaction=retrieve Key point: it's intended to replace federal income tax.

 

Interesting idea, at least.

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