Thursday, July 8, 2010

We Will Discover What is in the Health Care Bill Once We Pass It

For starters, every commercial transaction over $600 must be reported to the Federal Government. Aside from the burden of extra and increased paperwork, comes the ability to track who has bought what. Privacy will be a thing of the past.
What has happened is that effective Jan. 1, 2012, the whole system of giving and receiving Internal Revenue Service 1099 forms will be turned on its head and all persons (including corporations) who are in business will now have to give 1099 tax reporting forms for coins and other goods that they sell as well as buy.

What does this have to do with healthcare?
Well it is one way to keep us in line. Land of the free indeed.

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