Quote:
Originally Posted by Replaced_Texan
From my understanding, it applies to pretty much every business transaction over $600 AND any bussiness transactions with the same vendors that total $600.
Frankly, I think it's sort of silly to send a 1099 to the Omni hotel for putting up my office's staff for our annual meeting in Austin every year. Omni reports that sort of shit.
This is the most unbiased source I could come up with (lawyers in the Congressional research service) to explain what the issue is. That Congress knows it's a major problem but can't fix because of the partisan bullshit (on both sides) it is better illustration of how fucked up Congress is right now than the flaws of the health law. |
The GOP probably secretly wants it to stay in the bill. What better way to get small business owners to rally against Obama? Hailing from a household with two small business owners, I know it's hard as hell to drag our asses out to vote. Make me fiddle around with a bunch of silly forms for Obamacare and I'll be at the polls with bells on, all but throwing roundhouses at people who look like they might be voting him back into office.
Take my money all you like, but don't dare make me do administrative work for the state. It's bad enough getting shit together for taxes. I only do that with a smile because the progressive tax system we have favors me with deductions I heartily enjoy. I can't imagine shit I'll get for 1099ing the people at Best Buy for my new laser printer/copier save further validation of my opinion we'd be better off governed by a dartboard of policy choices thrown at by a council of blindfolded drunks.
