Off-Topic: More of What They Didn't Read
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Name:   MrHodja The author of this post is registered as a member - Email Member
Subject:   More of What They Didn't Read
Date:   5/6/2010 6:53:37 PM

My wife is an accountant and brings home information sheets on tax code changes brought about by the "Health Care" Reform Bill.

Interesting examples of little "extra" provisions that were thrown (sneaked) in:

1. Information reporting. Businesses must file an information return (e.g., 1099) for all payments of $600 or more in a calendar year to a single payee, including corporations. So, if Mom and Pop burger joint buys $600 per year in supplies from Sam's Club, they have to go get Sam's tax ID number, keep track of what all they bought, and report it at the end of the year. What do you reckon that will cost in lost productivity?

2. Tax on indoor tanning services. Health care? CAT, watch out, they might be taxing you on the bed in your shop...

3. Economic substance doctrine. The Act codifies the economic substance doctrine, a doctrine that has absolutely nothing to do with health care.

Looking especially at the first item, it surely looks to me like they are laying the groundwork for the VAT....and the establishment of the US version of the Italian "Guardia Finanzia" - the money police.
Other messages in this thread:View Entire Thread
More of What They Didn't Read - MrHodja - 5/6/2010 6:53:37 PM
     #2 is a tax on white folks - Lifer - 5/6/2010 7:49:36 PM
     More of What They Didn't Read - Talullahhound - 5/6/2010 8:37:46 PM
          More of What They Didn't Read - GoneFishin - 5/6/2010 9:02:57 PM
          Hound, you don't know squat about business - MartiniMan - 5/6/2010 9:12:17 PM
               er, I'm an MBA - Talullahhound - 5/6/2010 10:48:37 PM
                    er, I'm an MBA, without a clue. - Lifer - 5/7/2010 7:46:53 AM
                         Lifer - water_watcher - 5/7/2010 1:34:12 PM
                              your absolutely right of course. - Lifer - 5/7/2010 4:46:12 PM
                    er, I'm an MBA - MartiniMan - 5/7/2010 8:25:42 AM
                         Actually only took them 4 years - MartiniMan - 5/7/2010 8:27:58 AM
                    er, I'm an MBA - MrHodja - 5/7/2010 8:29:05 AM
                         Maybe - Talullahhound - 5/8/2010 9:44:49 AM
                              I bet Bill Gates wishes he had and MBA - MartiniMan - 5/8/2010 12:29:57 PM
                    er, I'm an MBA - Barneget - 5/7/2010 11:15:01 PM
          More of What They Didn't Read - Summer Lover - 5/6/2010 10:32:31 PM
               If - Talullahhound - 5/6/2010 10:55:52 PM
                    If - Summer Lover - 5/6/2010 11:13:51 PM
                         If - Talullahhound - 5/8/2010 9:47:08 AM
                    If - comrade - 5/6/2010 11:16:33 PM
     More of What They Didn't Read - Summer Lover - 5/6/2010 10:16:48 PM
     The other side of the coin. - Lifer - 5/7/2010 9:29:07 AM
          All I can say is..... - lamont - 5/7/2010 12:14:09 PM
               HEY MM - GoneFishin - 5/7/2010 5:51:16 PM
                    A Little More Than That - MrHodja - 5/7/2010 9:37:20 PM
                         A Little More Than That - GoneFishin - 5/7/2010 10:48:05 PM
                              A Little More Than That - MrHodja - 5/7/2010 11:37:07 PM
                         Ah Yes - Talullahhound - 5/8/2010 10:05:33 AM
                              Overseen, reviewed, studied..... - MartiniMan - 5/8/2010 12:10:10 PM
                                   Wrong. - Talullahhound - 5/8/2010 9:35:23 PM
                                        No, you wrong. - MartiniMan - 5/9/2010 8:42:28 AM
                                             MM is ABSOLUTELY RIGHT - Barneget - 5/9/2010 4:53:56 PM
                                                  I'm not Embarassed - Talullahhound - 5/9/2010 5:41:30 PM
                                                       I'm not Embarassed - Barneget - 5/9/2010 9:47:39 PM
                                             No, you wrong. - Talullahhound - 5/9/2010 5:36:41 PM
                                                  Its not important - MartiniMan - 5/9/2010 5:51:13 PM
                                                  One sentence says it all - Lifer - 5/10/2010 10:45:19 AM
                                                       One sentence says it all - MrHodja - 5/10/2010 11:15:20 AM
                    HEY GF - MartiniMan - 5/7/2010 10:48:36 PM
                         HEY GF - GoneFishin - 5/7/2010 11:01:37 PM
                              HEY GF - comrade - 5/7/2010 11:17:25 PM
                              CHALLENGE - MrHodja - 5/7/2010 11:40:13 PM
                                   HEY COMMIE - GoneFishin - 5/8/2010 12:41:41 AM
                                        HEY COMMIE - comrade - 5/8/2010 12:58:54 AM
                                             HEY COMMIE THIS LESS VEILED - GoneFishin - 5/8/2010 1:21:02 AM
                                                  HEY COMMIE THIS LESS VEILED - comrade - 5/8/2010 1:28:40 AM
                                        HEY COMMIE - comrade - 5/8/2010 1:16:23 AM
                    MM - Talullahhound - 5/8/2010 9:57:37 AM
                         I prefer a puffer fish - MartiniMan - 5/8/2010 11:53:05 AM
               Never got an advanced degree Lamont? - Talullahhound - 5/8/2010 9:54:23 AM
                    Never got an advanced degree Lamont? - Lifer - 5/8/2010 12:38:14 PM
                         Never got an advanced degree Lamont? - MrHodja - 5/8/2010 6:49:17 PM
                         business vs. government. - Talullahhound - 5/8/2010 8:23:30 PM
                              Clarification - Lifer - 5/9/2010 8:05:20 AM
          You Know. - Talullahhound - 5/8/2010 9:52:29 AM
               You Know. - comrade - 5/8/2010 10:17:21 AM
                    No - Talullahhound - 5/8/2010 10:26:47 AM
                         No - comrade - 5/8/2010 7:26:30 PM
                         No - MrHodja - 5/8/2010 8:09:07 PM
                              Yes - Talullahhound - 5/8/2010 8:25:47 PM
                                   Yes - MrHodja - 5/8/2010 8:48:03 PM
               You Know. - comrade - 5/8/2010 10:17:22 AM
               You Know. - MrHodja - 5/8/2010 12:06:37 PM
                    I Don't - Talullahhound - 5/8/2010 8:33:37 PM
                         I Don't - MrHodja - 5/8/2010 8:49:52 PM


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