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

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    Health care law's massive, hidden tax change

    Really, nice going guys! Bastards will tax us to death. Discuss.

    Health care law's hidden tax change to launch 1099 avalanche - May. 5, 2010

    An all-but-overlooked provision of the health reform law is threatening to swamp U.S. businesses with a flood of new tax paperwork.

    Section 9006 of the health care bill -- just a few lines buried in the 2,409-page document -- mandates that beginning in 2012 all companies will have to issue 1099 tax forms not just to contract workers but to any individual or corporation from which they buy more than $600 in goods or services in a tax year.

    The stealth change radically alters the nature of 1099s and means businesses will have to issue millions of new tax documents each year.

    Right now, the IRS Form 1099 is used to document income for individual workers other than wages and salaries. Freelancers receive them each year from their clients, and businesses issue them to the independent contractors they hire.

    But under the new rules, if a freelance designer buys a new iMac from the Apple Store, they'll have to send Apple a 1099. A laundromat that buys soap each week from a local distributor will have to send the supplier a 1099 at the end of the year tallying up their purchases.

    The bill makes two key changes to how 1099s are used. First, it expands their scope by using them to track payments not only for services but also for tangible goods. Plus, it requires that 1099s be issued not just to individuals, but also to corporations.

    Taken together, the two seemingly small changes will require millions of additional forms to be sent out.

    "It's a pretty heavy administrative burden," particularly for small businesses without large in-house accounting staffs, says Bill Rys, tax counsel for the National Federation of Independent Businesses.

    Eliminating the goods exemption could launch an avalanche of paperwork, he says: "If you cater a lunch for other businesses every Wednesday, say, that's a lot of information to keep track of throughout the year."

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

    Big Brother government at work... just another way for them to collect more detailed information about the lives of citizens...
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    Re: Health care law's massive, hidden tax change

    Many lefties have a self loathing issue that is projected to an ambivalence towards American greatness. THis is acted out in policies designed to hamstring America.



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

    Quote Originally Posted by reefedjib View Post
    Really, nice going guys! Bastards will tax us to death. Discuss.

    Health care law's hidden tax change to launch 1099 avalanche - May. 5, 2010
    This is nothing.
    It's only the beginning.
    Just imagine all the avenues this beast opens. And they all lead to you, your liberty, and your property.

    Can I call all of you Ward?
    Of the state.

    If this idiocy isn't repealed, just wait until you get the numbnuts screwing with this thing year after year.

    Like the income tax... it will explode into a national mushroom cloud.

    .
    Last edited by zimmer; 05-08-10 at 10:03 AM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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

    and again, we see that Democratic Corporatists are willing to use their revenue collection power to favor their big business buddies over the market.


    sucks to be you, small business. the cost of entry to the market is jacked way up again.

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

    What do you expect from Progressives? They MUST control our lives. Without full positive control, we might do the wrong thing.

    This is just that mentatlity writ large.

    Dear Lord, please don't let the GOP lose their spine and back away from full repeal... (and no Romney in 2012 pls).
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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

    Quote Originally Posted by reefedjib View Post
    Really, nice going guys! Bastards will tax us to death. Discuss.

    Health care law's hidden tax change to launch 1099 avalanche - May. 5, 2010
    Your headline, which does not match the stories headline, is misleading. It's not a new tax, it's a change in the paperwork.
    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

    Quote Originally Posted by Fiddytree View Post
    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

    Quote Originally Posted by Redress View Post
    Your headline, which does not match the stories headline, is misleading. It's not a new tax, it's a change in the paperwork.
    Yeah, it's just paperwork.

    That doesn't require more spending and wasted man hours by businesses. That's the hidden tax, and it's 100% accurate. Your logic is what's inaccurate.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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

    Quote Originally Posted by TurtleDude View Post
    Many lefties have a self loathing issue that is projected to an ambivalence towards American greatness. THis is acted out in policies designed to hamstring America.
    Many righties have an exaggerated rhetoric problem which makes it impossible to have a reasoned conversation with them. They also have a problem with rational thought, thinking any one who disagrees with them is somehow out to hurt America.
    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

    Quote Originally Posted by Fiddytree View Post
    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

    Quote Originally Posted by MrVicchio View Post
    Yeah, it's just paperwork.

    That doesn't require more spending and wasted man hours by businesses. That's the hidden tax, and it's 100% accurate. Your logic is what's inaccurate.
    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.
    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

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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