[gimmebackmyconstitution]

I am sure many folks have heard about this, but if not, here is some information about one way the president's plan to "Win The Future" will be achieved. WTF, indeed, Mr. Obama.

[pepsionice]

The comical thing is that if you ran a small business out of the garage on Saturdays...rebuilding cars...you’d have to mess with this form. Farmers would have to mess with it if they bought fertilizer or new tires for the tractor.

All it does is drive everyone to a hidden economy. We’d actually have worse economic results by the end of this year but be unable to explain why...and everyone would be smiling as they just started doing more under-the-table purchases or repairs.

[beethovenfan]

If not repealed, this calls for massive non-compliance.

[The Great RJ]

Imagine the number of 1099 forms that would be received by Office Max, Staples, Sam’s Club and Costco who cater to small businesses. This will be a paperwork blizzard that even the IRS won’t be able to sort out.

[screaminsunshine]

Screw that I am not even going to file. It is too complicated.

[FreeAtlanta]

The way it sounds, whenever I buy a pallot of green coffee, the seller will have to file a 1099. That is stupid and intrusive.

The democrat politicians would have all comrades stopping and saluting them as they stroll by, if they can get away with it.

[mad_as_he$$]

I posted this on FR before 0care was passed.

I am going to 1099 the $hit out of everyone in sight. See how long Kroger's, Chevron, the doctor, the Dentist and all the other people I can think of put up with this sill crap. Anywhere you do cash business so there is no record inflate the sum paid by factors of 30. I will be 1099ing Kroger for $79,000. 1099 your GM car dealer and anyone else that supported 0care. Oh and don't forget to 1099 your employer for the portion of your insurance that is deducted from earnings.

[3niner]

Taken together, the two seemingly small changes will require millions of additional forms to be sent out.

An insane underestimate. State and local governments have to do this too. Each government or large corporation will send out thousands (maybe even hundreds of thousands) of new 1099s each year. Even very small businesses will send out dozens more.

The number is billions not "millions". Each 1099 will require substantial record keeping, processing to produce the document, mailing, processing on the receiving end, and processing by the IRS. That is just the operational cost. The development cost of the software, for the first year, will be much larger.

The annual costs will be astronomical, even after the first year, which will cost much more.