1099 struck down by Senate

[katherine]

Good news ?

http://www.cato-at-liberty.org/good-...-1099-mandate/

[Gerry]

Yes, good news. The provision would have required any business who spends more than $600.00 at a time to submit a Form 1099 directly to the IRS. This was and would have been an absolute nightmare for any company of any size at all. The added expense in bookkeeping, money management, let alone the paperwork involved on both sides (buyer and seller) would have been monumental. This was an attempt by congress to capture more income tax revenue that essentially would have increased the cost of doing business enormously. I was reading an article about one small electrician shop and his bookkeeper/auditor estimated an additional cost of over $23,000.00 annually passed on to this electrical small business venture.

Imagine buying wire, conduit, cable, duct work, lighting in bulk but having to turn around and issue a form 1099 for each transaction over $600.00.

Put it into perspective here, with domains. Annually, I already receive Misc. Form 1099 from parking, sales, etc. This is an annual, end of the year practice. I keep good books and know my expenditures etc. I claim the income but also deduct the amount of doing business. So, if one month I end up making $603.47 from parking with sedo, I have to turn around and issue sedo a Form 1099. More bookkeeping, more expenditure, more time lost on both sides of the business deal.

House Ways and Means Chairman Sandy Levin (D-Mich.) offered a bill Friday on the floor that would repeal the mandate included in the healthcare law requiring small businesses to file 1099 forms to the IRS for purchases to suppliers above $600. The mandate is set to take effect in 2012.

This is and was total nonsense. And it is one of many bills inserted into the healthcare package that needed to be repealed.

[Acro]

Great news. That was the biggest bureaucratic hassle that'd stifle ecommerce.

[Raider]

I'd like to know what boneheaded Democrat wrote that one in, in the first place?..... Was he having a "Pelosi" moment?

Were all going to 1099 one another, turning American businessmen into rats for the benefit of Government collecting taxes?.. Great idea, great incentive to make businesses want to spend their money, so long as it's under $600


I already made up my mind before this that I wasn't going to do it... Screw them.

---------- Post added at 01:27 PM ---------- Previous post was at 01:21 PM ----------

Good news ?

http://www.cato-at-liberty.org/good-...-1099-mandate/

I was going to post about this requirement sometime back, but when I heard talk about this being repealed I held back.... Thanks for posting

[Acro]

Raider, Republicans lower taxes - especially for those that make lots of money - and then spend billions on wars.
Democrats raise taxes in a fair manner, especially for those that make the most money - and then spend billions undoing the damage Republicans created.
Bottom line: that's the problem with having a bi-partisan political system. It's a vicious cycle.

[Area52]

Raider, Republicans lower taxes - especially for those that make lots of money - and then spend billions on wars.
Democrats raise taxes in a fair manner, especially for those that make the most money - and then spend billions undoing the damage Republicans created.
Bottom line: that's the problem with having a bi-partisan political system. It's a vicious cycle.

Fair my ass. That's just typical, canned, democratic party rhetoric.
We didn't even have an income tax until the democrats schemed and lied to get the law passed allowing it.

Here's just a few more of the many things the democrats either "handled irresponsibility" or "schemed and lied" us into:

-Laying the groundwork for socialist ideals into US government policy (Stealing Other Citizen's Income)
-Federal Income Tax
-Social Security Tax
-Creation of many wastseful and poorly run, tax payer financed, social programs
-Numerous other levies, fees, taxes and tax increases over the years
-Federal Reserve Act
-Unconstitutional acts regarding the ownership of gold.
-Long standing policies that contribute to the disincentive of American workers (the exception being union members).
-Creation of government jobs (many unneeded) with sweetheart benefits far beyond what most non-government workers receive.
-War with Mexico
-World War I
-World War II
-Korea
-Vietnam
-Illegal detention of American citizens and loss of their property without due process
-First and second use of the atom bomb against another country
-Allocating funds from the social security trust for other purposes
-Family planning (remember that)
-Support for government susidized abortions
-Record high debt levels
-Record high deficits
-Record Budgets
-*Passage of bills into law without first reading and/or understanding them
-Unpopular Federal Healthcare Law* passed without popular support
-Unpopular $800,000,000,000+ Stimulus to nowhere*
-Immigration policy that repeatedly and proudly ignores federal law and the will of American citizens to keep illegals out of this country
-Etc, Etc, Etc.

Overall, no concept of fiscal resposibilty. The U.S citizen is viewed as an endless source of funds to tap at will for personal agendas.
The party has been overrun by numerous special interest groups, including strong influence from foreign citizens, hardline socialists and even communists. This party and the current president seem to be willing to go as far as trading rightful enforcment of our laws for the future prospective votes from presently illegal trespassers.

Once again many bought the democrat's "we will take the risk out of living if you vote for us" hogwash, contributing greatly to the present fiasco in Washington. The problem is that there is always a huge price to pay for implementing the policies that attempt to limit that risk. Most of the time you won't find out the true cost in dollars and/or loss of liberties until after the fact.

There's alot more. It's enough for me.

This is far beyond the lesser of two evils.

[Acro]

*Yawn*

[Johnn]

Should we put a filter "democrat" republican" "Bush" "Obama" in this section?
Back to 1099.

[Gerry]

Should we put a filter "democrat" republican" "Bush" "Obama" in this section?
Back to 1099.

We need to just develop a number system where members select a number that corresponds to a given comment. And then that comment is auto-populated into the thread.

It sure would save a lot of people a ton of time typing.

Lordy, I guess we'd have to designate Liberal Turd as number one slot. It would be like ordering from a McDonald's Menu.


Um, yeah...give me a Number One but hold the Gingrich. Oh, and supersize my Sarah.

[Raider]

Raider, Republicans lower taxes - especially for those that make lots of money - and then spend billions on wars.
Democrats raise taxes in a fair manner, especially for those that make the most money - and then spend billions undoing the damage Republicans created.
Bottom line: that's the problem with having a bi-partisan political system. It's a vicious cycle.

This is a joke right?

You don't think adding 4 TRILLION to the National debt in only 2 years is damage? Or passing a Health Care bill that will make the recession WORSE, putting MORE Americans out of work, Or allowing 3 MILLION barrels of oil to leak in the Gulf while not protecting our coastlines? That's wasn't damage? OR what about nearly 5 MILLION more people who became unemployed since that empty suit took office? That's not damage? If it's not, tell that to the people who lost everything they had.

I totally get your opposition to the wars... But if your boy Clinton did HIS JOB protecting this County instead getting a blow job, those 2 wars would of never been started.

---------- Post added at 10:05 PM ---------- Previous post was at 10:02 PM ----------

Should we put a filter "democrat" republican" "Bush" "Obama" in this section?
Back to 1099.

The 1099 was written into law by Democrats, signed by a Democratic President and OPPOSED by every Republican in the House of Representives.. Why would you think political party does not apply?

[Raider]

Fair my ass. That's just typical, canned, democratic party rhetoric.
We didn't even have an income tax until the democrats schemed and lied to get the law passed allowing it.

Here's just a few more of the many things the democrats either "handled irresponsibility" or "schemed and lied" us into:

-Laying the groundwork for socialist ideals into US government policy (Stealing Other Citizen's Income)
-Federal Income Tax
-Social Security Tax
-Creation of many wastseful and poorly run, tax payer financed, social programs
-Numerous other levies, fees, taxes and tax increases over the years
-Federal Reserve Act
-Unconstitutional acts regarding the ownership of gold.
-Long standing policies that contribute to the disincentive of American workers (the exception being union members).
-Creation of government jobs (many unneeded) with sweetheart benefits far beyond what most non-government workers receive.
-War with Mexico
-World War I
-World War II
-Korea
-Vietnam
-Illegal detention of American citizens and loss of their property without due process
-First and second use of the atom bomb against another country
-Allocating funds from the social security trust for other purposes
-Family planning (remember that)
-Support for government susidized abortions
-Record high debt levels
-Record high deficits
-Record Budgets
-*Passage of bills into law without first reading and/or understanding them
-Unpopular Federal Healthcare Law* passed without popular support
-Unpopular $800,000,000,000+ Stimulus to nowhere*
-Immigration policy that repeatedly and proudly ignores federal law and the will of American citizens to keep illegals out of this country
-Etc, Etc, Etc.

Overall, no concept of fiscal resposibilty. The U.S citizen is viewed as an endless source of funds to tap at will for personal agendas.
The party has been overrun by numerous special interest groups, including strong influence from foreign citizens, hardline socialists and even communists. This party and the current president seem to be willing to go as far as trading rightful enforcment of our laws for the future prospective votes from presently illegal trespassers.

Once again many bought the democrat's "we will take the risk out of living if you vote for us" hogwash, contributing greatly to the present fiasco in Washington. The problem is that there is always a huge price to pay for implementing the policies that attempt to limit that risk. Most of the time you won't find out the true cost in dollars and/or loss of liberties until after the fact.

There's alot more. It's enough for me.

This is far beyond the lesser of two evils.

Excellent post,

Hard to believe so many people in this Country have been brainwashed into thinking Republicans are the warmongers... And now their trying to label them "Spenders"?

Hope you don't mind if I add a few more to your list;

-The Bay of Pigs Invasion
-The Cuban Missle Crisis
-The Iran Hostage Crisis
-The party who fought against abolishing slavery
-The party who stood for segregation
-The party who supports the deaths of over 30 million unborn babies.. (I know you covered that one, just wanted to expand on it.)

If this isn't "Damage" then I don't know what is.

[fab]

OK, I see business is booming!

[katherine]

Business is always better without red tape, which is a common trait to all forms of government

[south]

Awesome news! I was not looking forward to this.

[Raider]

Awesome news! I was not looking forward to this.

If Democrats didn't have their head up their *ss by including it in the frst place, we wouldn't be here discussing it.

This was a way to reduce tax evasion, it was a way to increase tax revenue to fund Obama-care... Fund the 16,000 IRS agents that are being hired to go after anyone who does not buy private health insurance.

Obama-Care is going to cost a lot more money than what their projecting, and at the same time businesses are going to close their doors because they cant afford it for their employees.

UNLESS they get a waiver like Mcdonalds did... JUST like 700 other companies did;


'Mini-med' health plan waivers top 700: HHS

WASHINGTON—The Department of Health and Human Services has approved more than 700 one-year waivers for “mini-med” and other limited benefit health plans, exempting them from meeting a key requirement of the federal health care reform law.

MORE>>



Companies Granted Waivers to Opt Out of Obamacare
Health Care Reform Unworkable
Mark Whittington,
Oct 7, 2010 "

The Obama administration has granted at least thirty large companies waivers to allow them to avoid the requirements of Obamacare to maintain certain levels of coverage. Thus is laid bare one of the great problems with the health care reform law.

The problem is that health care reform is simply unworkable. The Obama administration was forced to grant waivers to companies like McDonald's in order to stave off companies balking at the increased cost that obeying the new requirements would entail and dropping coverage for employees altogether.

One of the big requirements was to arbitrarily cap administrative costs of a health insurance plan at fifteen percent. Another requirement was to ensure children under their parents' plan up to age twenty six, an age when most people are considered adults.

The effect of this move, which the Obama administration claims is to smooth the transition into the new health care regime scheduled to be fully in effect by 2014, will be to add uncertainty to the health care market. It was bad enough that arbitrary regulation was making health care professionals and their patients frightened and uncertain about how health care reform would affect them. Now, added to all of that, is the prospect of arbitrary enforcement.

If the Obama administration can pick and choose which companies have to obey the law and which do not, chaos is likely to ensue. Considering the Chicago style politics that the Obama administration has brought to Washington, the prospect of favored companies (i.e. campaign contributors) being given breaks and other companies being forced to bear the full burden of the law is very real.

The timing of the waivers also raises some suspicion. The one thing that the Obama administration cannot abide would be tens of thousands of registered voters suddenly losing their health care insurance on the eve of an election and to have the blame for it laid at President Obama's doorstep.


MORE>>>


Where do we apply for our waiver?

[ilovedomains]

If Democrats didn't have their head up their *ss

If I were a hard working democrat, I would find this language very offensive.

People who behave this way should be banned temporarily

[Area52]

If I were a hard working democrat, I would find this language very offensive.

People who behave this way should be banned temporarily

You really think so?

"Id like to see the world from your point of view, but I cant get my head that far up my ass."

"Everyone knows ****** is full of shit."

[ilovedomains]

That was before the ban warning Area52. If I do it again I should be banned to.

Go look at your own past posts BTW.

[Raider]

If I were a hard working democrat, I would find this language very offensive.

You would have to be a US Democratic congressman to be offended.... Americans need not worry though, we can all sleep comfortably knowing that will never happen.

The way I figure it, this whole ban warning thing is going to effect die-hard Obama supporters like yourself far more than it will effect any of us....

You guy's are just going to have to grow thicker skin.

Good luck with that.