MaggieD
DP Veteran
- Joined
- Jul 9, 2010
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Ha! That's another thread!
He couldn't see the puck!
Sorry had to do it :lol:
Ha! That's another thread!
This isn't taxing small businesses. A 1099 simply reports payments made. This is a loophole closed that is long overdue. Every taxpaying American should be delighted that others who've skirted by under the radar will now be cross-checked. The only thing better than this "good start" legislation would be an automatic withholding on those 1099's of 10%.
Death by a thousand cuts. Is taxing small businesses like this really what we need right now?
so........they have to report as other businesses report? so what? and the guy who said he would have to pay 2 employees to deal with hte reporting can't be much of a business man....all it takes is a computer program.
Death by a thousand cuts. Is taxing small businesses like this really what we need right now?
so........they have to report as other businesses report? so what? and the guy who said he would have to pay 2 employees to deal with hte reporting can't be much of a business man....all it takes is a computer program.
Why was it hidden in the healthcare bill?
Between this requirement and health care reform penalties, the IRS will have to double in size. Guess that's one way to help unemployment.
The Internal Revenue Service will function as the government’s chief enforcer for health care reform... monitoring both businesses and individuals to certify whether they have the insurance coverage the government requires.
The [IRS] will [monitor and enforce] compliance with the individual and employer insurance mandates... how and when health care is paid for, when health insurance is purchased... [and] minimum levelof health insurance.... [The] IRS [will] monitor individuals and employers and punish those who do not comply.
Every individual and most businesses [will be] required to report to the IRS, on their tax returns, whether they have purchased or provided the required level of coverage and disclose to the IRS which months, if any, in which they failed to do so....
How will they accomplish these new job responsibilities? They will hire 16,500 new IRS agents, to be paid for with $10 billion of taxpayers' money, according to the Congressional Budget Office (CBO). The additional funding, which was not included in the bill's $940 billion price tag, will be necessary to carry out the IRS's new health care insurance monitoring and enforcement duties, says the CBO.
I wonder what TurboTax will look like in a couple of years. :roll:All ready taken care of.....
The sickest part of health care reform? The IRS gets bigger, on our dime
My bet is that somewhere in one of these other 2000+ page bills is even more funding or a new bureaucracy to track this stuff, but hey…… elections have consequences.
Thats really sad you would attack his health problems because you don't like his positions.
Don't know. Ask the Democrats. No wait. They haven't read the bill.
I'll tell that to the buddy on my hockey team who eaks out a middle class living that you think so. :roll:
Why was it hidden in the healthcare bill?
All ready taken care of.....
The sickest part of health care reform? The IRS gets bigger, on our dime
My bet is that somewhere in one of these other 2000+ page bills is even more funding or a new bureaucracy to track this stuff, but hey…… elections have consequences.
I would expect an awful lot more regarding various Tax hikes to be openly reported AFTER November.
According to Joe 'Buffoon' Biden, who asserts that we shall all be mighty surprised at the results of the 2010 mid terms.
Knowing Joe 'floss your teeth with your shoe laces' Biden, he means the Republicans will take both houses. :mrgreen:
so........they have to report as other businesses report? so what? and the guy who said he would have to pay 2 employees to deal with hte reporting can't be much of a business man....all it takes is a computer program.
Is there a hilarious story I'm missing here?
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