Changes to the health-care bill already

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  • Sly
    Let's do some business!
    • Sep 2004
    • 31377
    #1

    Changes to the health-care bill already

    I wonder how many more tucked away items we will see come out.

    --

    WASHINGTON ? 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.

    Business groups say it will swamp their members in paperwork, and Congress is listening. Democrats and Republicans want to repeal it, but getting them to work together on the issue is proving difficult in an election year.

    http://news.yahoo.com/s/ap/us_tax_surprise
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    • MK Ultra
      Confirmed User
      • Jun 2007
      • 879
      #2
      Welcome to Government Regulated Heathcare!
      we really need to repeal that piece of shit

        Comment

        • epitome
          So Fucking Lame
          • Jun 2009
          • 12156
          #3
          We need a law that says a bill can only address one thing. Slipping anything unrelated to health care into a health care bill should not be allowed.

            Comment

            • bbobby86
              partners.sexier.com
              • Jan 2007
              • 11926
              #4
              government government...

                Comment

                • Dvae
                  Confirmed User
                  • Feb 2005
                  • 5326
                  #5
                  "Obama: 'Only government' can solve nation's ills".
                  .
                  .

                  Arguing with a troll is a lot like wrestling in the mud with a pig, after a couple of hours you realize the pig likes it.

                    Comment

                    • Amputate Your Head
                      There can be only one
                      • Aug 2001
                      • 39075
                      #6
                      ummmm.... isn't this already required by the IRS? Isn't it called a 1099?

                      EDIT: okay, re-reading.... wait now.... so, they want you to fill out forms for being the buyer of more than $600 in goods? This seems redundant, because aren't you reporting purchases/expenses on your tax returns already? And why would anyone not report an expense? Something isn't adding up here.
                      Last edited by Amputate Your Head; 07-31-2010, 08:44 AM.
                      SIG TOO BIG

                        Comment

                        • Vendzilla
                          Biker Gnome
                          • Mar 2004
                          • 23200
                          #7
                          and you thought 2300 pages was a good thing?

                          the declaration of independence in on one page
                          Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                          think about that

                            Comment

                            • Vendzilla
                              Biker Gnome
                              • Mar 2004
                              • 23200
                              #8
                              Originally posted by Amputate Your Head
                              ummmm.... isn't this already required by the IRS? Isn't it called a 1099?
                              thats for labor
                              Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                              think about that

                                Comment

                                • Amputate Your Head
                                  There can be only one
                                  • Aug 2001
                                  • 39075
                                  #9
                                  Okay, so I read the actual article now. Looks like neither side wants this thing, it's just being used as a tool by both dems & conserves to try push what each of them really wants.

                                  Businesses that repeatedly make small purchases from the same vendor would have to keep good records in case the total exceeded $600 in a year.
                                  This is stupid. Businesses already report their expenses.
                                  Companies would also have to get vendors' tax identification numbers to include in the filings.
                                  Why? Why should we do someone else's work for them? A standard receipt, with name, date, etc of vendor is plenty. If they want to track them down, then let them do it. And how the fuck do you accomplish this anyway? "Hey Amazon, what's your EIN?" Yeah right.


                                  "Tax paperwork and compliance are already major expenses for small businesses," a coalition of 80 business groups recently wrote lawmakers. "This new and expanded requirement means that almost every business-to-business transaction is potentially reportable to the IRS."
                                  I'm sure the IRS would argue that every transaction already is reportable. This does nothing that isn't already going on.

                                  And here's the real deal:

                                  Republicans want to repeal the filing requirement and pay for it by changing other parts of the new health care law, a strategy that Democratic leaders won't support. Democrats want to repeal the filing requirement and pay for it by raising taxes on international corporations and limiting taxpayers' ability to use special trusts to avoid gifts taxes. Republicans won't support that.
                                  SIG TOO BIG

                                    Comment

                                    • SallyRand
                                      So Fucking Banned
                                      • Jan 2008
                                      • 3487
                                      #10
                                      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.
                                      Last edited by SallyRand; 07-31-2010, 09:10 AM.

                                        Comment

                                        • Vendzilla
                                          Biker Gnome
                                          • Mar 2004
                                          • 23200
                                          #11
                                          the government just wants more over sight, thats what the government does, which costs more, but no worries, we don't have to pay for it, right?
                                          Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                                          think about that

                                            Comment

                                            • Brujah
                                              Beer Money Baron
                                              • Jan 2001
                                              • 22157
                                              #12
                                              Originally posted by Vendzilla
                                              the government just wants more over sight, thats what the government does, which costs more, but no worries, we don't have to pay for it, right?
                                              They want more oversight for you, but none for the Federal Reserve or SEC? Figures.

                                                Comment

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