Article

2010-07-11 Economy

IRS starts mopping up Congress's tax-reporting mess

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Posted by GolfBravoUSMC 2010-07-11 09:02|| || Front Page|| [4 views ] Top

#1 This is a disaster.

Posted by newc 2010-07-11 10:18|| 2010-07-11 10:18|| Front Page Top

#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|| 2010-07-11 12:09|| Front Page Top

#3 I most ignored tax law in the nation once implemented.

Sorry, buddy. Cash only.

Posted by badanov 2010-07-11 12:11|| 2010-07-11 12:11|| Front Page Top

#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|| 2010-07-11 12:20|| Front Page Top

#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|| 2010-07-11 17:38|| Front Page Top

#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|| 2010-07-11 19:09|| Front Page Top

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