Remember Empress Pelosi?
She was actually speaking the truth about passing the Obamacare atrocity so that there is a complete and total bill that we can read to find goodies like the expansion of the 1099 Tax Law. Please keep in mind the bigger picture of tracking everything the self-employed and small businesses buy and sell throughout the year. Do you really want the government having the knowledge of how to tweak Obamacare to wring out the maximum amount of coinage from your pockets?
Amendment Slipped Into Health Care Legislation Would Track, Tax Coin and Bullion Transactions
Those already outraged by the president’s health care legislation now have a new bone of contention — a scarcely noticed tack-on provision to the law that puts gold coin buyers and sellers under closer government scrutiny.
Section 9006 of the Patient Protection and Affordable Care Act will amend the Internal Revenue Code to expand the scope of Form 1099. Currently, 1099 forms are used to track and report the miscellaneous income associated with services rendered by independent contractors or self-employed individuals.