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More scary than funny if you ask me
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She was the kindest person I ever met |
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05-24-2010, 06:36 PM
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Registered
Join Date: Nov 2000
Location: AZ
Posts: 8,414
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Quote:
Quote:
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05-24-2010, 06:49 PM
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Registered
Join Date: Feb 2007
Posts: 352
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I agree with this take on the matter:The 1099 Tsunami by Gary North
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05-24-2010, 06:58 PM
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Registered
Join Date: Jul 2005
Location: Seattle
Posts: 5,824
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Just imagine the hundreds of thousands of billions and billions of 1099's that companies like.. oh say.. Home Depot will get from all the contractors and general small business who buy there.
or Costco... or Sam's Club... Cripes, I'll bet they could spend an entire year just filling them all out. Individually, of course....
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'85 911. White - 53,000 miles bought 3-16-07. "Casper" '88 924S. Blue - 120k miles bought with 105k miles. '94 968 Coupe - White - 108,000 miles bought 9-28-17 '09 Cayman - Grey - bought 9-8-20 |
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05-24-2010, 09:25 PM
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Registered
Join Date: Jun 2003
Location: Fresno, CA
Posts: 7,799
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The purpose of the current law is for the IRS to capture anyone making a living that is not "an employee" and therefore the IRS wants their social security & medicare tax (or self employment tax). This new rule makes absolutely no sense to me as far as any benefit to the IRS. I hate doing 1099's but what's even worse is getting these service contractors to complete a W-9. I'm assuming that besides issuing a 1099 to every business, you will also have to collect a w-9 from them as well. Can someone please explain what the hell this has to do with health care anyway?? Lastly, let's all remember to vote them out in November! |
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05-24-2010, 09:34 PM
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Banned
Join Date: Sep 2006
Location: South of Heaven
Posts: 21,159
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Well, i guess we see how they plan to fund HC now.
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05-24-2010, 09:35 PM
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Registered
Join Date: Jun 2003
Location: Fresno, CA
Posts: 7,799
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Next thing you know, they will be adding additional staff at the IRS to process all this and then Obama will be telling us how many jobs are being created.
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05-24-2010, 09:39 PM
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Banned
Join Date: Sep 2006
Location: South of Heaven
Posts: 21,159
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Oh, they're clearly going to have to add a LOT of jobs at IRS for this. What was it, 16,000 new IRS employees will be required?
We saw their weapons orders, someone posted them here. They clearly plan to be doing some literal barrel of the gun collecting. Hope and Change. (TM) |
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05-24-2010, 09:42 PM
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canna change law physics
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From accounting on the web
Costly changes to 1099 reporting in health care law | AccountingWEB.com But, I now understand why this is happening. You need this in place, for a Value Added Tax (VAT).
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James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
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05-25-2010, 04:16 AM
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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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I tremble in anticipation of the "gifts" forthcoming in the financial reform act. Senator Dodd's proposed financial reform bill is over 3 million pages in length. It's 1000 times the size of the health care act, so I hope the "gift" count is 1000x. I feel like a kid on Christmas morning. |
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05-25-2010, 04:24 AM
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Banned
Join Date: Sep 2006
Location: South of Heaven
Posts: 21,159
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So basically any time one spends $600 for something, they need to 1099 it, is that what i'm getting?
Ie, go buy a widescreen TV, and the CONSUMER has to send a 1099 to the store he bought it at, AND to the IRS? Yeah....that'll work. |
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05-25-2010, 04:27 AM
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(the shotguns)
Join Date: Feb 2006
Location: Maryland
Posts: 21,776
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Just wait till your business gets an incorrect 1099.
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***************************************** Well i had #6 adjusted perfectly but then just before i tightened it a butterfly in Zimbabwe farted and now i have to start all over again! I believe we all make mistakes but I will not validate your poor choices and/or perversions and subsidize the results your actions. |
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05-25-2010, 04:35 AM
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Banned
Join Date: Sep 2006
Location: South of Heaven
Posts: 21,159
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This is an utterly massive governmental bureaucratic reach. One of the biggest i have ever seen in my entire life. A MASSIVE tax increase and an actual burden that will affect every single American.
WHAT ELSE IS IN THIS "HEALTHCARE" BILL?????? Someone has to stop the Socialist in chief and those fruit loop democrats before it's too late. Oh, whoops. Too late. |
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05-25-2010, 04:57 AM
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canna change law physics
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There is a "Small Business" exemption in this, so I need to dig in to find out if we're exempt.
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James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
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05-25-2010, 05:00 AM
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Registered
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This will create more jobs......
I'll have to hire a full time secratary to keep up with this BS
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Pete 79 911SC RoW "Tornadoes come out of frikkin nowhere. One minute everything is all sunshine and puppies the next thing you know you've got flying cows".- Stomachmonkey |
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05-25-2010, 05:02 AM
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Banned
Join Date: Sep 2006
Location: South of Heaven
Posts: 21,159
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It's certainly creating more jobs at IRS and HHS...
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05-25-2010, 05:10 AM
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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,967
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Remember when Pelosi said "just pass the bill then you can read it later"....
Well kids, this is just the tip of the iceberg. There is more crap and BS hidden in that 2900 page piece of legislation (being kind here) that will bankrupt us than most of us can imagine. This needs to be repealed and now. Right after we vote all of the bums out of office.
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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05-25-2010, 06:00 AM
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canna change law physics
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Again, if you think about it, this will have to be put in place for a VAT system. I think this is "priming the pump", getting the information flow ready, before a VAT is enacted. Do not be surprised if Obama calls a lame duck session of Congress in the fall to enact this. Funny! This came up on the Spell Check. Look at the last one. I didn't realize I had the option...  Actually, thinking about it, ignoring Obama would be a bad idea....
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James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
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05-25-2010, 06:06 AM
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Certified Pre-Owned
Join Date: Aug 2002
Location: Nanny State
Posts: 3,132
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Quote:
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'84 Carrera Coupe |
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05-25-2010, 06:08 AM
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D idn't E arn I t
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This explains why a buddy of mine who sells advertising recieved a 1099 imn the mail the other day...
rjp
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AOC/Hogg 2028 |
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05-25-2010, 09:56 AM
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2004 Mazda Miata
1970/1982 Porsche 914-6/911SC 2.7 RS
1979 Porsche 911SC
Boxer engine, 6 gears, big wing: it's a GT3!
1981 ?! A Red one... 3.0
Balla special
P car
OK, a girl that identifies as a car. Good enough?
Porsche Z06
P truck orsche
