An obscure provision in the new health bill forces small businesses to deal a greater amount of time filling out tax forms. Which brings to question- what has this got to do with health?
If times aren't tough enough with a dying economy, no jobs for Americans, the threat of our country being over run by illegal aliens, increase taxes looming over the horizon and an inexperience socialist running the country into the ground, now Obama is shoving a paperwork nightmare down our throats starting in 2012!
Hidden in the obscene health-care law is a staggering new requirement: the 1099k. This little devil will require all small businesses to start reporting their purchases from other businesses on purchases totaling $600 or greater.
What does that mean?
If you stay at a hotel and spend more than $600 in a year at that chain, you have to file a 1099k.
If you buy gasoline from Mobil and spend more than $600 in a year, you have to file a 1099k.
Buy office supplies from Staples? More than $600 in a year, file a 1099k.
Buy materials from Home Depot? File a 1099k.
And don't forget to collect each company's taxpayer ID number while you're at it. You'll need it for all the additional paperwork you'll be doing.
Bottom-line?
It's the prehancer to revenue enhancing. The government wants to tax us more so they can spend more. And . . . they used it to tilt the true cost of the health care bill by plumping the revenue side and offsetting its real HUGE cost.
Obama calls it redistribution of wealth. He means taking your money for his socialist programs.
When we take a real look at what is driving this country in the ditch, you can't help but to realize that all the social legislation that is drowning this country has come from the Democrats, who have controlled the Congress for the greater majority of time in the last 100 years.
You can see a draft of the new 1099k at: http://www.irs.gov/pub/irs-dft/f1099k--dft.pdf
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