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| Economy |
| IRS starts mopping up Congress's tax-reporting mess |
| 2010-07-11 |
| Posted by:GolfBravoUSMC |
| #6 The federal government misses out on estimated $300 billion each year from tax underpayment. Legal or not. Moral or not. It doesn't matter. This is a tax increase. Businesses don't pay taxes, customers do. And like Scooter sez, there's always the underground economy. Looks like it's going to be getting quite a bit bigger over the next few years. Once again, the liberals staunchly refuse to consider the main option people are screaming for: Less Government. Period. They think this will fly under everyone's radar. It might to some extent, but not enough. Only those who don't make any money. |
| Posted by: gorb 2010-07-11 19:09 |
| #5 As a part-time freelancer, this is a major pain in the ass. I currently kind of work in the "grey" economy, but do report and pay taxes on a fair share of my income. This kind of economic burden will definitely affect the way I do business. It pushes me toward the black market of outright tax cheats by virtue of sheer necessity. Which would equal $0 tax dollars from me going to fund The Obammunist's social engineering programs. |
| Posted by: Scooter McGruder 2010-07-11 17:38 |
| #4 Obamaland cannot become a reality until all of the Judeo-Christian colonists and their exploitive capitalist practices are fully circumcised. As Allah wills, we will employ their own IRS tax reporting and collection mechanisms to strangle and eliminate them. |
| Posted by: Besoeker 2010-07-11 12:20 |
| #3 I most ignored tax law in the nation once implemented. Sorry, buddy. Cash only. |
| Posted by: badanov 2010-07-11 12:11 |
| #2 Companies should supply physical (paper) 1099's to the IRS. Even with OCR it would be a data entry nightmare. |
| Posted by: Nimble Spemble 2010-07-11 12:09 |
| #1 This is a disaster. |
| Posted by: newc 2010-07-11 10:18 |