Congress Looks to Tax ATM Withdrawals, All Financial Transactions admindmpJuly 11, 2010 0 Comments Note: It’s not just for transactions between financial institutions to capture speculation money revenue as it happens, this is on (possibly) any transaction, definitely including accessing your own money at an ATM, even though that doesn’t constitute a purchase of anything with a third party. I don’t know if it applies to credit card purchases of goods & services, and if not, then this will also discourage the use of cash at all. Error happened.