Proposed Bill in Congress Wants a 1% Tax on Everything !!!

It would take someone cleverer than me to do all the mathematics, but the whole point of this suggested bill, HR BILL 4646, is to take more and more money from all Americans very quietly, and in a very stealthy way, so that Americans don’t even notice it.

It sounds like 1% is very small, and this is the entire focus point of this bill — to make everyone think that 1% is very small, and not worth worrying about.

But that is wrong.

And the absolute opposite is true.

This is a 1% tax on everything that you do, whole sale and retail !!! Every time you touch or use your own money — pay a 1% tax !!!

For example, if you pay your electric bill 12 times a year,  you must pay a 1% tax, 12 times, so that you are now paying 12% more of the monthly cost … a 12% increase.

The same applies to your cell phone bill, your gas bill, your house taxes, your monthly car payment, the gasoline at the pump, the bottle of Coca-Cola that you buy inside the little shop inside the gasoline stand,  and also the snacks that you buy along with it!!

And even before that –the factory that is making the potato chips and the Coca-Cola has to pay a 1% tax on all the supplies that they purchase too — their ingredients, their trucks, the wages that they pay, the electricity, the repairs to the trucks, the repairs to the roof,  the tires, everything, everything, everything.

This is much more horrible than the fair tax or any value added tax (VAT tax) which are all supposed to be paid just one time, as I understand it.

It is literally designed to nickel and dime you and the American public to death — the current regime thinks that this is a very good idea –in fact they think this is a wonderful idea; because now they have a method to deduct 1% from every transaction that takes place nearly anywhere in the world, if they can figure out how to implement it.

You will literally be paying taxes while you sleep!!!

It is not 1%  that they are after, but more like 50%. 

Even as your salary comes into your account  –you will have to pay 1%. 

Want to save some? Pay 1%. 

Take it out of savings? Pay 1%. 

Give it to someone? Pay 1%.

Invest it? Pay 1%. 

Take it out of your investments? Pay 1%.

Can everyone see where this is leading? And do you think they will now stop taking your income taxes, your Social Security taxes, your FICA taxes? Or do you think they will just keep on taking all of those too — because that’s what I think.

Get ready America.

They want your 401(k), they want your income taxes of 39.9%, they want your Social Security taxes of 15% (if you are self-employed), they want your health care taxes of 10%, and now they want a 1% transaction tax on every single thing that you do — every day of your life.

***Deposit any paycheck in the bank? A 1% tax. Take some money out to use for yourself? Pay a 1% tax. Go buy something in the store? Pay a 10% sales tax. Taxed enough yet?

That is HR BILL 4646.

(taxes, politics, congress, bill, 1%, VAT, HR BILL 4646)