Posted on 07/31/2010 6:24:48 AM PDT by Kartographer
Tucked into the new health care law is a requirement that could become a paperwork nightmare for nearly 40 million businesses.
They must file tax forms for every vendor that sells them more than $600 in goods.
The goal is to prevent vendors from underreporting their income to the Internal Revenue Service. The government must think vendors are omitting a lot because the filing requirement is estimated to bring in $19 billion over the next decade.
(Excerpt) Read more at news.yahoo.com ...
It won’t bring in anything from me, I refuse to comply. I have decided to ignore all laws I don’t agree with. Since the government won’t listen to us, the courts rule against us, what are we supposed to do? Just be lemmings and jump off the cliff? Not me, not anymore.
Further encouraging companies to limit the number of vendors they deal with and squeezing out the little guy.
Ditto, what he just said! Civil disobedience line
starts right behind me and faucetman!!
Why should you obey the law when 30 million or so illegals don’t have to?
Lost productivity will be many multiples of that.
And that will run the government for what...one week?
Yahoo!
Good!
Keep it up, Demons, more more give us more !!!
Oh-- thanks Barack. Americans will point and laugh at you for decades, just as we have Jimmy Carter. It's just that you, Barack, put Carter in the shade-- and that's no small accomplishment.
Between this stupidity and other tax raises the black market and bartering will once again become king.
I predict a shortage of 100 and 50 dollar bills.
Could also be a run on prepaid credit cards.
...the filing requirement is estimated to bring in $19 billion over the next decade;
And that will run the government for what...one week?
Noooooooooooo,
Didn’t you hear?
The government is borrowing $5,000,000,000 A DAY !!!!!!!!!!!
So, $1.9 Billion (per year, the truthful number) in “income:” will replace borrowing for the government for ...........
wait for it ..............
about 9 HOURS
Yeah!!!!!!!!!!!
We drove the country crazy
and bankrupted small business for ...
9 hours !!!!!!!!!!!
...the filing requirement is estimated to bring in $19 billion over the next decade;
And that will run the government for what...one week?
$1.9 Billion out of a $3,500 Billion budget ??????????
1.9 divided by 3,500 is ???????????????
00.054 % saved.
Yeah !!!!!!!!!!!!!!!!!!
Like Rush said - everything the Libs try to accomplish, the exact opposite happens. Watch this compliance nightmare LOSE $19 billion.
Good source for information on bartering: www.tradesource.us. Last year I started providing accounting and tax service that is owned by someone quite liberal. Decided my motto concerning liberals would be: Say another prayer for them as you take their money to the bank. They had a cleaning company that I suspected was made up of illegals. Told the owner of the cleaning service I wouldn’t be able to issue them any more checks until I had a completed W-9. They did not return after that so now owner has a legit company doing the work. One down, 30 million more to go!
When will the real America get tired of this insane garbage from King Obama’s communists gestapo squad. King Obama doesn’t have the brains to think this up on his own. This nitwit just won the lottery and rather than think he wants to spend billions vacationing and playing god.
Maybe it is just a way to find a new use for paper after the “Regime” starts to burn books.
It’s has nothing to do with bringing in more tax dollars but everything to do with controlling people and who gets to run things.
But, But....we had to pass the Bill, just to find out what was in it.
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