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Housing Bill Requires eBay, Amazon, Google, and All Credit Companies to Report to the IRS
http://www.freedomworks.org/newsroom/press_template.php?press_id=2571 ^

Posted on 08/21/2008 9:16:36 PM PDT by Sammy67

Senate Housing Bill Requires eBay, Amazon, Google, and All Credit Card Companies to Report Transactions to the Government Broad, invasive provision touches nearly every aspect of American commerce.

Washington, D.C. -

Update: Senate Finance Committee Ranking Member Charles Grassley is pushing the bill.

Hidden deep in Senator Christopher Dodd's 630-page Senate housing legislation is a sweeping provision that affects the privacy and operation of nearly all of America's small businesses. The provision, which was added by the bill's managers without debate this week, would require the nation's payment systems to track, aggregate, and report information on nearly every electronic transaction to the federal government. Call Congress and Tell Them to Oppose The eBay Reporting Provision in the Housing Bill: 1-866-928-3035 FreedomWorks Chairman Dick Armey commented: "This is a provision with astonishing reach, and it was slipped into the bill just this week. Not only does it affect nearly every credit card transaction in America, such as Visa, MasterCard, Discover, and American Express, but the bill specifically targets payment systems like eBay's PayPal, Amazon, and Google Checkout that are used by many small online businesses. The privacy implications for America's small businesses are breathtaking."

"Privacy groups like the Center for Democracy and Technology and small business organizations like the NFIB sharply criticized this idea when it first appeared earlier this year. What is the federal government's purpose with this kind of detailed data? How will this database be secured, and who will have access? Many small proprietors use their Social Security number as


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: activism; amazon; articledate6192008; bigbrother; business; checks; christopherdodd; congress; ebay; government; govwatch; housingbill; irs; moneyorders; paypal; privacy; taxes
Ebay's new policy NO Money orders, Cash or Checks?
1 posted on 08/21/2008 9:16:36 PM PDT by Sammy67
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To: Sammy67

All we really need is someway to track the bribes paid to Dirtbag Chris Dodd.

Typical democrat party tyranny.


2 posted on 08/21/2008 9:19:55 PM PDT by FormerACLUmember (When the past no longer illuminates the future, the spirit walks in darkness.)
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To: Sammy67

The vampire economy...


3 posted on 08/21/2008 9:20:40 PM PDT by null and void (Libation Theology - I believe I'll have another drink...)
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To: Sammy67

Same same CFR . Senator gets caught and seeks to pass laws to restrict us .


4 posted on 08/21/2008 9:21:20 PM PDT by kbennkc (What passes for optimism is most often an intellectual error)
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To: Sammy67

Unlike the buffoons on Capitol Hill, I don’t do recreational drugs. What the hell does ebay and credit cards have to do with housing?


5 posted on 08/21/2008 9:23:27 PM PDT by FlingWingFlyer (A History and Science Minute.- "Climate change" has been going on for millions of years!)
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To: Sammy67

I frickin HATE how they bury totally related provisions into a bill.

This crap needs to stop.


6 posted on 08/21/2008 9:23:38 PM PDT by diverteach (http://foolishpleasurestudio.com/eyewool/slap_hillary.html)
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To: Sammy67

Ever get the feeling out Government from DC to local are now our greatest enemy? They are not looking out for us and have not been for years. Big Brother has to be stopped now. They only way is to vote the crumb bags out from the highest down to the local level. Next they will put meters on your toilet and you then can just flush what’s left to your wallet down the drain.


7 posted on 08/21/2008 9:27:14 PM PDT by Logical me (Oh, well!!!)
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To: Sammy67
Senate Housing Bill Requires
8 posted on 08/21/2008 9:28:12 PM PDT by A.A. Cunningham
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To: Logical me

We will soon be a communist state.

LINK TO COMPLETE ARTICLE

http://www.freedomworks.org/newsroom/press_template.php?press_id=2571


9 posted on 08/21/2008 9:28:54 PM PDT by Sammy67
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To: Sammy67

And the constitutional basis of this invasion is ...?


10 posted on 08/21/2008 9:30:23 PM PDT by NonValueAdded (Rest In Peace, Capt. Ed "Too Tall" Freeman (1928-2008))
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To: Sammy67

The globalist tyranny marches inexorably onward.

I hope folks up and down the land throw a fit.

Delay it as long as possible.

Please read at least one of our leaders’ quotes [since 1900—political and other leaders] per screen at post #76 at

http://www.freerepublic.com/focus/news/2031425/posts?page=77#77


11 posted on 08/21/2008 9:30:42 PM PDT by Quix (key QUOTES POLS 1900 ON #76 http://www.freerepublic.com/focus/news/2031425/posts?page=77#77)
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To: Sammy67

Oh “The Mighty One”. stop this now! You are the one that we are waiting for!


12 posted on 08/21/2008 9:32:55 PM PDT by Mark (Don't argue with my posts. I typed while under sniper fire..)
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To: NonValueAdded

Is this possibly a sales tax issue?


13 posted on 08/21/2008 9:49:45 PM PDT by berdie
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To: Sammy67

I thought this was dropped some time ago.


14 posted on 08/21/2008 9:51:49 PM PDT by Nipfan
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To: Sammy67
I assume this is related to recent reports of the Trillions of dollars US citizens are holding in Off-shore jurisdictions. Most of that capital when accessed is curried by credit cards. There have been several cases the last 10 years by the government against VISA, AmEx, et al., where they have been coerced to present information in trial concerning US Citizens with non US-originating accounts. As arbitrarily sleuthed as requiring these companies to cross reference names of US citizens with names of account holders.

While most off-shore tax “havens” have been now literally forced into tax agreements with the US, there is still considerable resistance to providing the US government blanket financial information. Tax fraud investigation still requires individual requests for information to be provided from a specific banking institution in most off-shore localities. This bill is obviously an attempt to do an end run on this requirement as almost all banks, off-shore or otherwise are affiliated with one of the major credit card companies, i.e. VISA, MasterCard, AmEx, etc..In this nefarious manner the US Government can indirectly obtain the information it requires by passing laws that affect these companies thereby giving them access to information in methods seen to be circumventing the tax agreements entered into with these independent countries. Suffice it to say I'd be very surprised if the major credit card companies didn't flag-out their businesses and leave the U.S. en masse.

Off-shore is far from unsafe for American's as yet. There are several countries that have a stable enough economy as to not be bullied by the U.S. into tax treaties with threats of dropped funding and support. Also with astute planning off-shore activities need not be construed as illegal or in anyway pertaining to tax avoidance. Where people need to be careful is in how they repatriate the funds.

15 posted on 08/21/2008 10:07:00 PM PDT by CBF (It's the law stupid!)
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To: berdie

See my post #15


16 posted on 08/21/2008 10:14:25 PM PDT by CBF (It's the law stupid!)
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To: berdie
......"Is this possibly a sales tax issue?".....

Yes it is, but if you just keep complaining we can just cut to the chase and implant a chip in you so you can buy and sell without all the bother.

17 posted on 08/21/2008 10:35:00 PM PDT by chuckles
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To: Mark
"Oh “The Mighty One”. stop this now! You are the one that we are waiting for!"

Help us Obami-One...you're our only hope!!!

18 posted on 08/21/2008 10:40:28 PM PDT by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: Sammy67

I love how the “civil liberties” types such as the ACLU didn’t utter a word when this came up and eventually passed.

Call one of my close friends in South Waziristan? How dare the government want to listen in! Get a warrant or we’ll fight you tooth and nail!

But have every single bit of your financial information transmitted to the government on a daily basis? Sure, go right ahead. Warrant? Are you kidding? Get serious!

The ACLU stopped being about liberties a long time ago.


19 posted on 08/21/2008 10:49:27 PM PDT by denydenydeny ("[Obama acts] as if the very idea of permanent truth is passe, a form of bad taste"-Shelby Steele)
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To: berdie
Is this possibly a sales tax issue?

bingo - the democrats see a change to squeeze the taxpayers for more money to fund their reelection and experiments (ideas, theories, etc)

20 posted on 08/21/2008 10:51:21 PM PDT by sloop (pfc in the quiet civil war)
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To: nutmeg

bookmark


21 posted on 08/21/2008 10:52:41 PM PDT by nutmeg (Imagine Commander-in-Chief Barack Hussein Obama... appointing US Supreme Court justices)
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To: chuckles

The horse has already fled the barn. The government doesn’t need to implant chips...we have done that by making our credt card purchases trackable.

Wonder what will be next? IRS garage sale trackers?


22 posted on 08/21/2008 11:01:56 PM PDT by berdie
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To: sloop

But, in the back of my mind, I keep thinking what a logistical nightmare this will be.

90 per cent of US citizenery use credit cards. The flood of information will be overwhelming.

I want the job of reviewing these records. It will be a life time gig that will be unsupportable in most cases.


23 posted on 08/21/2008 11:09:38 PM PDT by berdie
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To: CBF

Thank you..good info.


24 posted on 08/21/2008 11:11:06 PM PDT by berdie
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To: Sammy67

Sounds like a fourth amendment violation to me.


25 posted on 08/21/2008 11:27:37 PM PDT by Mogollon ($5/gal Gas....Kick the Jacka$$es Out!)
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To: berdie
i am sure it would take lots of computer power to store the data - and if you wanted to perform work on the data, whoa boy

i work on mainframe computers - the story goes that if you worked for something government related, you would be working with very old, outdated equipment - i seem to recall that the irs was given a gazillion tax dollars to overhaul their computer systems - with the result being that it was all thrown out because it could not function

so if tomorrow, visa was ready to transmit all the data the congress wants to get their hands on - where would uncle sam store it? maybe the nsa could handle it - not sure how they would get the info from a covert agency to something like the irs

it would take lots of computer horsepower to sort or search the data for information that you needed - even to set up a datacenter capable of housing the equipment would cost a big chunk of change (but hey - its just our tax dollars) - i wonder if congress funded all that

maybe the data will all be sent to the irs info tech nerds that can't get anything right - that would make the first query performed on it scheduled for about 20 years away

26 posted on 08/22/2008 12:09:42 AM PDT by sloop (pfc in the quiet civil war)
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To: sloop

FU


27 posted on 08/22/2008 1:21:40 AM PDT by quickquiver (No, means N O.)
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To: Sammy67

Secularism is the first step. Under secularism you dare not make reference to the religious underpinnings that made America a great place. The predominant superstition is that that stuff is just too dangerous to talk about — a poisonous axiomatic belief inculcated by government schooling. So people who are serious about their religion are perpetually on the defensive, and those who think transcendent rules dont’t apply to them are on the rampage.


28 posted on 08/22/2008 2:57:27 AM PDT by Mmmike
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To: Sammy67; Man50D

More taxation fun.

Thes control freaks never stop. We must get rid of the taxation of income and the IRS one way or another.


29 posted on 08/22/2008 3:15:57 AM PDT by ovrtaxt (This election is like running in the Special Olympics. Even if McCain wins, we're still retarded.)
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To: Sammy67

Self-ping for later use on my rep and two hapless senators.


30 posted on 08/22/2008 3:26:12 AM PDT by Virginia Ridgerunner ("We must not forget that there is a war on and our troops are in the thick of it!"--Duncan Hunter)
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To: FormerACLUmember
Typical democrat party tyranny.

No it's typical one party pretending to be two parties tyranny. The one horned liberal subsidy loving Pink RINOELEPHANT from Iowa is leading the herd. I wonder what kind of deal he cut with Christie Dodd for his support of this? Grassley needs to be booted out of office every bit as much as Christie Dodd does. A tyrant is a tyrant no matter what party name they claim. In the mean time the United States needs a powerful & organized Conservative Party to oppose the two in power now that aren't. Let the Liberal GOP join the Democratic Party and be done with it. Voters need to stop pretending -R makes it all A-O-K. Bills like this would never pass if Dirtbag Republicans would stop supporting them as well.

31 posted on 08/22/2008 3:56:41 AM PDT by cva66snipe ($.01 The current difference between the DEM's and GOP as well as their combined worth to this nation)
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To: cva66snipe

Excellent post. We desperately need a conservative party.


32 posted on 08/22/2008 3:59:41 AM PDT by ovrtaxt (This election is like running in the Special Olympics. Even if McCain wins, we're still retarded.)
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To: Sammy67

So this garbage is now law?

Where is the ACLU!

Where are all those Dems who thought President Bush was invading privacy by being able to monitor phone calls of potential terrorists?

Not a peep.

surprised / not


33 posted on 08/22/2008 4:42:25 AM PDT by Freedom'sWorthIt (Tony Snow founnd out - to live is Christ, to die is gain....Thanks be to God for Tony's life!)
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To: berdie
Is this possibly a sales tax issue?

There is no Federal Sales Tax, therefore no issue - yet. But you can bet your bottom dollar that this would be standard under the so-called "fair tax" system. How else would they audit you than to get into each and every transaction.

This is FAR more invasive than any phone call monitoring system GWB instituted and the libs aren't even batting an eyelash. McCain could have a field day with this.

34 posted on 08/22/2008 6:15:39 AM PDT by NonValueAdded (Rest In Peace, Capt. Ed "Too Tall" Freeman (1928-2008))
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To: cva66snipe

Dead on.The two party system now only uses one side of voters to battle another side,while the one’s in the middle(politicians)lie,steal,cheat,etc.,,etc.,,It’s a perfect magicians trick.Distract the audience with one hand while the other hand is performing tricks.


35 posted on 08/22/2008 6:21:16 AM PDT by quack
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To: Sammy67
Ebay's new policy NO Money orders, Cash or Checks?

Correct -- I just got the notice from Screwbay yesterday.

Also, in recent months, ebay has disallowed blocking of "e-check payments" -- which are Paypal payments but because they are taking the money from the buyer's checking account, it takes a full week for the funds to clear into the seller's account. I used to block e-checks, due to the delay, and the fact that customers who paid with e-check continually whined to me about a delay that they caused. I also had one of those e-check payments from a deadbeat e-check paying buyer, never clear. Fortunately, I do not ship until I actually receive the funds.

ebay, aka FeeBay, Screwbay, etc., seems to be doing everything they can to run off small sellers. Apparently they just want very large enterprise sellers.

36 posted on 08/22/2008 7:04:30 AM PDT by webschooner
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To: berdie
Is this possibly a sales tax issue?

Not yet. It's an income tax issue. If someone makes a dime on e-bay the feds want 3¢ of it.

Next step is to make it palatable to the states by collecting each state's "fair share" for sales tax through the federal IRS, and forwarding the sales taxes so extracted (minus a "reasonable" collection fee, of course!) to the state's coffers.

37 posted on 08/22/2008 7:41:51 AM PDT by null and void (Libation Theology - I believe I'll have another drink...)
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To: NonValueAdded
McCain could have a field day with this.

Assuming he wins, of course.

Naturally, if a democrat wins, they won't abuse it, will they? < /high Richter scale bitterness>

38 posted on 08/22/2008 7:45:21 AM PDT by null and void (Libation Theology - I believe I'll have another drink...)
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To: null and void

No, as a means to win. Narrator: “Sen. Christopher Dodd was outraged that the government was monitoring overseas phone calls to terrorists. But there’s no outrage coming from the Senator who wants the Federal government to monitor YOUR online spending on eBay, Amazon.com, etc. In fact, he filed legislation in the dead of night to do just that! When you vote in November, remember which party ...”


39 posted on 08/22/2008 8:28:53 AM PDT by NonValueAdded (Rest In Peace, Capt. Ed "Too Tall" Freeman (1928-2008))
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To: Sammy67

An Obamamaniac told me that paper money will be discontinued in the near future. If all transactions become electronic, the government will know all, and worse, control all.


40 posted on 08/22/2008 1:42:28 PM PDT by TexasRepublic (When hopelessness replaces hope, it opens the door to evil.)
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To: sloop

“I wonder if Congress funded all that.”

Absolutely! /s

Although this is a total invasion of privacy (tacked on to the Housing Bill), that most Americans aren’t even aware of, the implementation will leave it dead in the water, imo.

But as life time jobs go...it could be a bird’s nest on the ground.


41 posted on 08/22/2008 3:54:58 PM PDT by berdie
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To: NonValueAdded

I agree with you about the invasiveness of this. There should be a line item veto to preclude such legislation that is “packaged” with other bills, but there isn’t.

I know there is no federal sales tax, today. I can’t see the implementation of a system to monitor the massive amounts of data involved being on the horizon at the federal level.

State level (for sales tax), perhaps.


42 posted on 08/22/2008 4:05:54 PM PDT by berdie
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To: null and void
You may have a point re: income tax.

Even more at risk than E-Bay would be the big mail order operations that don't charge sales tax. So this whole thing could be aimed at the large corps, not the consumer.

In ordering cigarettes on line, the seller, when asked about applicable sales tax states that it is the buyer's responsibility to remit the sales tax to the appropriate taxing authority. Like that is going to happen. I'm sure the same applies to any mail order company.

43 posted on 08/22/2008 4:19:36 PM PDT by berdie
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To: webschooner

Really off topic comment...Several years ago I used to EBAY a lot. I loved the auctions and the interaction with sellers all over the country.

I checked out the site a year or so ago...pretty much “big box” retailers and most of the interaction between buyer and seller has been computerized.

Pretty sad, but it sure has saved me a lot of money. :)


44 posted on 08/22/2008 4:25:38 PM PDT by berdie
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To: berdie

The rule is that if a company has a physical business presence in the state of the buyer, then they are liable to collect and remit the state and local sales taxes.

If the selling company has no physical business presence in the buyer’s state, then they are not responsible to collect sales tax. Of course, state and local taxing authorities have the hots for a revenue stream off these transactions, and I believe that the laws will sooner or later remove this “loophole”, so to speak. Then we all get to pay more sales taxes. Local businesses support this change, since they have to collect and pay local sales taxes.

There are a few mail order companies that charge sales tax anyway, like Dell, who irritate me when I buy a computer by charging me some sales tax, but not the full local amount. I have no idea how or why they are collecting those taxes, as they have no business presence in my state.


45 posted on 08/22/2008 6:31:07 PM PDT by webschooner
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To: webschooner
The legislation regarding this is invasive, imo, as I have stated.

But I could see where the brick and mortar businesses that have invaded E-Bay could be at risk. At one time, EBAY was pretty much a Mom and Pop garage sale. I think you said, yourself, that the little seller is being squeezed.

So I guess, as more Amazons and (insert company name here)On Line companies utilize the internet, it becomes a problem with the Tax Man. So, if the government can figure out a way to compile the data from credit cards (not likely)for purchases from brick and mortar on-line companies, they will be able to track unreported revenue...and collect sales tax.

Don't get me wrong..I shop on line all the time. I really hate that a lot of smaller internet companies may go out of business because of this.

Some states require that mail order businesses collect state sales tax at point of destination, as opposed to point of origin. But are not liable to collect MTAs or county tax for that point of destination. Not that most follow that. That could be what Dell is doing.

46 posted on 08/22/2008 8:01:32 PM PDT by berdie
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