IS THERE GOING TO BE A 1% TRANSACTION TAX?

Question: I heard that the government is going to impose a 1% transaction tax. Is this true?

Response: There are a lot of proposals to reduce the deficit. There has been a bill introduced in Congress, but the chances of being passed are slim. See the information in Snopes.

http://www.snopes.com/politics/taxes/debtfree.asp


Larry Kopsa CPA