more reporting = fewer jobs
Reader comment on: 1099 Rules in ObamaCare
in response to reader comment: Not a big problem if you do business using quicken or similar
Submitted by Craig J Casey (United States), Oct 15, 2011 10:50
What about the people that don't have laptops or internet? They will not be penalized by losing the deduction. And how many more man hours are going to be spent collecting 1099 info? What is a vender does nto want you to have his tax info? Obamacare made the tax code even harder to deal with and more complicated.
Also people will cut back on major purchases over $600 now. That will be great for consumer spending!
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