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Thread: Health care law's massive, hidden tax change

  1. #41
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    Re: Health care law's massive, hidden tax change

    i thought the president promised obamacare would bring costs DOWN

    44 - Obama Promises Clarity on Health Care

    not if dan and debby get DUMPED, demonstrably

    ask waxman

    LOL!

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    Re: Health care law's massive, hidden tax change

    ask doug elmendorf

    President Obama and Democratic leaders have repeatedly pledged to alter the soaring trajectory -- or cost curve -- of federal health spending
    Budget Analyst Assails Cost of Congress's Health-Care Proposals - washingtonpost.com

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    Re: Health care law's massive, hidden tax change

    Quote Originally Posted by apdst View Post
    Right. A 1099 show income that hasn't been taxed and needs to have taxes paid on that income. New 1099's means new taxes on income.
    A 1099 tracks income, it does not charge a tax, or figure taxes due.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: Health care law's massive, hidden tax change

    anyone got a microscope?

    LOL!

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    Re: Health care law's massive, hidden tax change

    Quote Originally Posted by Redress View Post
    A 1099 tracks income, it does not charge a tax, or figure taxes due.
    Right! If someone gets a 1099, that has never gotten one before, then that equates to a new tax.

    from your source:

    The freelancer will be obligated to make his or her own tax deductions and forward such payments to the IRS
    Last edited by apdst; 05-08-10 at 06:13 PM.
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    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Health care law's massive, hidden tax change

    Quote Originally Posted by Redress View Post
    No, it's not a tax. It may be a cost, but it is not a tax. I suggest checking out the definition of the word tax before posting such foolishness.
    What was said, was that it is a tax change, not that it was a tax, not that it was a cost.

    Obviously, it is indeed, a change in the tax reporting.

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    Re: Health care law's massive, hidden tax change

    Quote Originally Posted by apdst View Post
    Anytime a 1099 is issued, some one paying taxes on it. More 1099's means more taxes on somebody.
    The way this reads, I will be getting 1099s from my suppliers over 600 dollars. Now those supplies are a material cost of doing the job, not an income cost.

    I will write off those costs, and not pay tax on them, the same as we do now.

    The only reason I see for this additional paperwork cost,that generates no income for the govt, yet costs them in wages to process, is that it is a precurser to a VAT. Soften us up, if you will.

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    Re: Health care law's massive, hidden tax change

    Quote Originally Posted by Redress View Post
    Funny how you had to change your tune...

    I do stand corrected on the title of the article.
    Yeah, I typed the OP too fast. I got too excited. I meant to say and should have said "The Bastards will regulate us to death."

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    Re: Health care law's massive, hidden tax change

    Quote Originally Posted by pro-bipartisan View Post
    haha this proves why all you conservatives shouldn't have been complaining about the bill, you had no idea what is in it! For all you know there is a section that says "give everyone a million dollars". So stop complaining because you have no idea what is in this bill.
    No one knew what was in this bill when it was passed because:

    1. It was not made available to the public before passage nor was it posted to the White House website before it was signed (contrary to one of President Barack Hussein Obama, Jr.'s promises)

    2. The passed law is about as long as War and Peace and is taking a long time for any normal person to parce through the pages upon pages of Congressionalese...
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    Re: Health care law's massive, hidden tax change

    Quote Originally Posted by apdst View Post
    Right. A 1099 show income that hasn't been taxed and needs to have taxes paid on that income. New 1099's means new taxes on income.
    Does this mean it will result in double taxation? After all, such sales will already be taxed as part of the profit of the corporation. If 1099s are also taxed, won't that result in double taxation?

    i.e. -- Xerox sells a copier and the amount of that sale ends up on their bottom line, affecting their profit.

    That copier is sold to a small business that now has to issue a 1099 to Xerox for that sale. Won't that mean the "income" from the 1099 will also be taxed, resulting in Xerox being taxed TWICE for the sale of said copier?

    Or, is there something in this I am clearly missing?
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