HR 755 Tax Bill is Nothing to worry about

by starship1 Sat Jul 09, 2011 11:09 pm

Here we go again - this bill is IN COMMITTEE - it is likely to die in committee and even, if by some quirk of fate, if it did get passed it levies .005% tax on foreign currency exchanges which equals to about $50 per million profit. I read the entire bill that is proposed and it seems to me that it is targeting large foreign currency brokerage houses, not the ordinary citizen that has purchased dinar. Tim Geither has NOTHING to do with this. How many times do we have to point out that TIM GEITHNER CANNOT, ABSOLUTELY cannot make law. ONLY THE HOUSE OF REPRESENTATIVES CAN PROPOSE LEGISLATION THAT HAS TO DO WITH TAXES, SPENDING, BUYING, FUNDING, ETC. The President can only sign into law bills that are put on his desk and Tim Geither can't do anything but enforce present existing law. This HR 755 has been around the dinar boards, ad nauseam - was discussed and "put to bed" weeks and weeks ago. If you want to know what the bill says and it's status go here: http://www.govtrack.us/congress/bill.xpd?bill=h112-755. I am absolutely amazed at how many people have manifested the fact that they know nothing about how the US legislative process works. Please, peeps, don't become hysterical over this - there is nothing to fear. Do not connect the US deficit with the pending Rv. The one has nothing to do with the other. If it did, Obama would cause it to happen just to help his poll numbers.

by 1alaskan Sun Jul 10, 2011 12:04 am

Check your math

.5% is $5,000. per million

Now is better
North of sixty

by war eagle Sun Jul 10, 2011 12:10 am

Multiply it again using.005!!!!

HR 755 Tax Bill is Nothing to worry about

HR 755 Tax Bill is Nothing to worry about

Re: HR 755 Tax Bill is Nothing to worry about

Re: HR 755 Tax Bill is Nothing to worry about