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Keyword: new1099regulation

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  • Great news! Obama’s healthcare 1099 scheme will choke the IRS in a glut of paperwork

    07/22/2010 7:57:40 AM PDT · by jmaroneps37 · 99 replies · 5+ views
    The Collins Report ^ | July 22, 2010 | Kevin “Coach” Collins
    In order to finance Obama’s Ponzi – like healthcare scheme, small businesses will be required to “issue” 1099s to vendors like Staples, Home Depot and Pet Smart if they purchase more than $600 in goods from these firms. In other words if a dog walker in the upper West Side of Manhattan buys $610.00 worth of “doggie treats” to make her day a bit easier, SHE will have to issue Pet Smart a 1099 at the end of the calendar year. It’s not all bad news While the choking tentacles of Obamacare are destroying the rest of America, a recent...