Sunday, July 11, 2010

"'Cause I'm the taxman"

Apparently, the Fab Four had the gift of precognition, at least as regards ObamaCare©:

"If you drive a car,
I'll tax the street.
If you drive to city,
I'll tax your seat."
If you do any business, I'll tax that, too:

"With a new mandate looming that will require business owners to file millions more tax forms, the Internal Revenue Service has begun the daunting process of figuring out how to turn the law's sweeping demands into actual rules for taxpayers."

Now, you may be asking: why the heck is Henry blogging about taxes? Isn't that Joe's job?

Good question.

The simple answer is that, as we've pointed out "ad nauseum" [literally: "this is making me nauseous"], ObamaCare© has little to do with actual health care, and more to do with gummint wresting even more control of our lives. In this case, one of the new rules is that any taxpayer with any business income will be required to issue 1099's to anyone else from whom they purchase $600 or more in a given year. And unlike some other provisions, this one is just around the corner: it goes into effect January 1, 2012.

So what, you say? It's just a little extra paperwork.

Au contraire:

"[This new rule] promises to launch a fusillade of new paperwork: An estimated 40 million taxpayers will be subject to the requirement, including 26 million who run sole proprietorships."

For example, let's say you run a seasonal business, say manning a grill over the summer to pick up a few extra bucks. It's likely that you'll pick up at least $600 worth of buns, hot dogs and condiments at the local megamart along the way. If so, you'd better make sure to get their corporate address so you know where to send that 1099.

And while we're at it, could someone please explain to me what this has to do with health care??

[Hat Tip: RedState]
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