Replies

To: Kaslin; abigail2; Amalie; American Quilter; arthurus; awelliott; Bahbah; bamahead; Battle Axe; ...

Another great piece by Dr. Sowell.

Thanks for the ping, Kaslin.

*PING*
Thomas Sowell

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4 posted on 09/27/2010 4:48:35 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)

5 posted on 09/27/2010 4:50:15 PM PDT by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)

It would have been more informative if he had mentioned what the provisions are. Anybody know?

6 posted on 09/27/2010 4:55:52 PM PDT by William of Barsoom (In Omnia, Paratus)

8 posted on 09/27/2010 4:57:21 PM PDT by Cyber Liberty (I am Derek Fenton! (me) Enjoying freedom ourselves requires tolerating it for others. (Jedidah))

thanks jaz, gotta pass it to see says nazi p...

11 posted on 09/27/2010 5:08:29 PM PDT by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)

To: jazusamo; Kaslin

Obama's nose problem is taken care of by his gold problem.

19 posted on 09/27/2010 6:37:14 PM PDT by Lady Jag (Double your income... Fire the government)

He’s so right. Thanks for the ping jaz. Appreciate it.

20 posted on 09/27/2010 7:04:04 PM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)

To: jazusamo; All

From here:

Tucked away in the 2,300 page bill, in section 9006, is a provision that expands the scope of the Internal Revenue Service (IRS) Form 1099. Beginning Jan. 1, 2012, a Form 1099 will have to be filed to report to the IRS the purchase of all goods and services by small business and self-employed people that exceed $600 during a calendar year.

This is an onerous bookkeeping nightmare for all small businesses. But precious metals dealers will really take a hit.

“Coin dealers not only buy for their inventory from other dealers, but also with great frequency from the public,” Diane Piret, industry affairs director for the Council for Tangible Assets, told ABC News. “Most other types of businesses will have a limited number of suppliers from which they buy their goods and products for resale.”

Note that it's not a specific restriction on gold coins or bullion, but dealers in those commodities are saying they will be hardest hit.

Fact is, practically all businesses and self-employed people will be hit by this horrific mess.

24 posted on 09/27/2010 8:01:51 PM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)

30 posted on 09/28/2010 5:38:00 AM PDT by TheOldLady (Pablo is very wily.)

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