The bill does refer to 1099s, which must by law be sent to each and every person or business entity that you pay over $600 in one year. 1099s cover amounts for which there are no required witholdings and may be for labor, services or materials. Talk about unintended consequences, by the terms of this law, if you bought $601.00 worth of parts at the auto parts store, you are technically required to send them a 1099!
Big Brother wants to know where ALL of your money is and where ANY of it goes!
And where did you people get the idea that the monstrosity in question is any kind of a "Health Care" bill? It only mandates that everyone PURCHASE health insurance and really provides NO medical care for most people. It's only a boon to the insurance companies!
Sally.
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