Changes to the health-care bill already
 

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

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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

Welcome to Government Regulated Heathcare!
we really need to repeal that piece of shit

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.

government government...

"Obama: 'Only government' can solve nation's ills".

ummmm.... isn't this already required by the IRS? Isn't it called a 1099? :helpme

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.

and you thought 2300 pages was a good thing?

the declaration of independence in on one page

thats for labor

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.

This is stupid. Businesses already report their expenses.
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.


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:

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.

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.