In an attempt to try and be positive, in thinking about all the wonderfulness that was supposed to come from the Obama Health Care package, I received yet another emotional smackdown as to the garbage that the 2400+ page bill known forever as the Obama Care Bill. (You know, for a bunch of people who claim to want to save the environment, they sure wasted a lot of paper on this one...)
Yet another report has come out of one of the secret little parts of the bill no one knew to talk about because no one could read it before it was passed. Aparently one of the provisions that is in the bill is that anything a business purchases that is over 600 dollars will need to have a 1099 form filled out from the supplier and the purchaser and sent in with their taxes each year. According to this article small businesses will have to get the form from Apple if they buy a computer. A laundromat will have to file a form for their soap purchases from their supplier. Why all the paperwork?
Well, because the government estimates that 300 billion dollars a year in revenues are lost because people don't declare their taxes properly. In this way they feel they will make businesses pay more taxes. What they don't take into the equation is that someone down the line is paying taxes on these otherwise exempt items in the form of sales tax. This goes back to opening the door for Obama's socialist value added taxation. In the end this whole thing is a huge door, wide open, to higher taxation the likes that this country (outside of maybe Obama's dysfunctional home of Chicago) has ever seen.
No proof, just an estimate. So why is this in the health care bill then? Because this is part of how the government "guesses" that they can help pay for the whole program. So, just when you thought that individual tax payers are going to the be ones to bear the brunt of the burder, small businesses are going to be crushed either under the mounds of new paperwork, or in any possible additional value added taxation that is sure to come online through this whole thing. And to think, some people try to NOT pass off the health care bill as a socialist program....