Tag-Archive for ◊ IRS ◊

Author: RWHill
• Thursday, July 15th, 2010

Another unintended consequence of the new health care law? Paperwork. Lots of more paperwork:

http://www.redstate.com/brianfaughnan/2010/07/11/irs-new-health-care-law-imposes-significant-new-burdens/

To help pay for this massive new bill, the administration is trying to increase the amount of money collected through taxes. And that means you and I better get ready to start filling out lots of new paperwork:

“The new regulations, which kick in at the start of 2012, require any taxpayer with business income to issue 1099 forms to all vendors from whom they purchased more than $600 of goods and services that year. That 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, according to a report released this week by National Taxpayer Advocate Nina Olson…”

So health care reform turns out to mean more regulations and more paperwork for the little guy. Another unintended consequence.

Author: RWHill
• Thursday, March 25th, 2010

16,000.

That’s a number that should scare all Americans. Why? Because that’s the number of new IRS agents that will be hired by the government to enforce the new tax provisions in the Obama health care law. The new law requires every American to purchase health insurance; and any American not purchasing it will be required to pay a fine to the government. To make sure these fines are paid, 16,000 new IRS agents will be on the patrol to collect the money.

This doesn’t make any sense. At a time of economic recession, we should be helping families and small businesses, not taxing them and then punishing them.

Author: RWHill
• Monday, March 15th, 2010

This week we’ll be talking about something else that’s been in the news a lot: taxes. You may have read about the carwash in Sacramento that was audited for four cents!

What’s going on with the IRS? Why does the government need so much in tax dollars and yet still run such huge deficits? That’s what we’ll be talking about on the blog this week. So check in each day.