It is NOT a tax on business. It will require more paperwork, but it is NOT a tax. Do you not understand what a 1099 is? It's like a W-2.
Large corporations have been sending out 1099's to businesses for some time now. Many of them, sole proprietorships and individuals, have been getting away with tax evasion for years.
Last edited by MaggieD; 07-21-10 at 12:44 PM.
Thank you, Quazi!
The number of 1099s that must be filled out and sent will increase a thousandfold.