The problem here for the obamatons in the Congress, they used the charade of the 1099 to create many billions of taxes. Take it out of the law, and their rational for the law being not as expensive as it is goes away.
“”The problem here for the obamatons in the Congress, they used the charade of the 1099 to create many billions of taxes. Take it out of the law, and their rational for the law being not as expensive as it is goes away.””
It will be fun to see how they handle it! They wanted to begin the collecting of these before most provisions of the bill were to go into effect to prove they could pay for it. I wondered at the time, how many IRS employees they would have to hire to police this. All business income is already accounted for in a company’s (owner’s) books and thus tax returns. How to weed out millions of new 1099’s to make sure each business recorded the income from X, Y, and Z? WOW! I guess it would take a real smart federal employee (are there any other kind) to figure that one out -AS IF!