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I was shocked to read about this requirement snuck into the health care bill. It is insane. Can you imagine anyone who buys a computer needing to send HP or D
by jcborro 16y ago
I was shocked to read about this requirement snuck into the health care bill. It is insane.
Can you imagine anyone who buys a computer needing to send HP or Dell a W-9 to request their tax id, then waiting for the response, and then filing a 1099? I can't imagine what was going through the lawmaker's heads.
Pretty much all goods would start to be priced at $599.
- jambo 16y agoAnd that would probably be outlawed, like "structuring" currency transactions. http://en.wikipedia.org/wiki/Structuring#United_States http://en.wikipedia.org/wiki/Structuring#United_States
- _delirium 16y agoIndividuals wouldn't have to file 1099s in any case; if the law went into effect, it'd be only for businesses. It would still be a hassle for businesses buying equipment, but not quite the same as your grandmother having to send Dell a 1099 when buying a home computer.
- jcborro 16y agoyeah, i meant anyone with a business...exactly the people that don't have time for the paperwork. like many of us on HN.