Junior Samples
Walk Away
- Joined
- Aug 3, 2007
- Messages
- 5,294
Since I dont frequent the political forum, Id just thought id share what I seen tonight at the dinner table
Starting in 2012, as a way to pay for the new healthcare system if you do any of the following.
If you, lets say......visit the Hilton and spend 600.00, you must get their Tax ID# and send them a 1099
If you visit Lowes and spend 600.00 you must do the same
If you as much as breathe $600 bucks in one shot, you must 1099 them.
And that does not have to be all in one shot, it can be Lowes for 100 one week, 20 the next, 75 another week, 4 bucks one day, etc etc etc etc
I wont even go into how they plan on tracking all this.. too much for me to digest.
Can you imagine a small vendor on here that maybe sells one product for $650.00 and sells... lets say 60 a year... 60 1099's?!
OH gee that will make me want to stay in bizz for sure
Starting in 2012, as a way to pay for the new healthcare system if you do any of the following.
If you, lets say......visit the Hilton and spend 600.00, you must get their Tax ID# and send them a 1099
If you visit Lowes and spend 600.00 you must do the same
If you as much as breathe $600 bucks in one shot, you must 1099 them.
And that does not have to be all in one shot, it can be Lowes for 100 one week, 20 the next, 75 another week, 4 bucks one day, etc etc etc etc
I wont even go into how they plan on tracking all this.. too much for me to digest.
Can you imagine a small vendor on here that maybe sells one product for $650.00 and sells... lets say 60 a year... 60 1099's?!
OH gee that will make me want to stay in bizz for sure
