111–120 of 172 posts
Earlier quoted context omitted.
In all seriousness, the Reddit influx is upon us, full tilt.
From the Hacker News Guidelines: [1] "If your account is less than a year old, please don't submit comments saying that HN is turning into Reddit. (It's a common semi-noob illusion.)" [1] http://ycombinator.com/newsguidelines.html
What the hell is up with this thread? This has to be the worst thread I've ever seen at HN. You'd think this were a comment thread on Fox News or something. People: Chill the fuck out. The IRS is accepting comments on the issue. The rule doesn't go into effect until, realistically, April of 2013. By then, it is almost guaranteed that the rule will be significantly weakened to the point where it is not much different…
This is probably only true if people flip out over it now.
[warning. rant head] This has to be the most mind-numbingly stupid thing I have seen the government do in the last couple of decades -- and that includes bad wars, if that's your thing. Why can it be so bad? Because it screws with every single economic entity in the nation, in a way that pervasive, subtle, and micro-managing. If you want to know where "1984" is, with Big Brother watching all of your moves, it's not b…
Man, talk about hyperbole. This is probably a terrible idea economically, but it's hardly a Nineteen Eighty-Four scenario. It's not becoming illegal to say "the IRS sucks", the IRS will not have cameras in your house looking for the slightest sign of dissent, and it'll actually be nearly impossible to get imprisoned for anything at all (tax penalties are generally merely more taxes, unless you deliberately lie). Also…
(Reiterating what madair already replied to sprout, but I felt his point was not as clear as it could be)
Earlier quoted context omitted.
Of course it shouldn't have been implemented. If they were going to actually try to implement national health care it should be done as constitutional amendment.
If the Air Force wasn't a big enough deal to require an amendment, neither is health care.
What the hell is up with this thread? This has to be the worst thread I've ever seen at HN. You'd think this were a comment thread on Fox News or something. People: Chill the fuck out. The IRS is accepting comments on the issue. The rule doesn't go into effect until, realistically, April of 2013. By then, it is almost guaranteed that the rule will be significantly weakened to the point where it is not much different…
The IRS is accepting comments on the issue.
[..]
It was a short-sighted clause put in by a politician
trying to close a loophole.
[warning. rant head] This has to be the most mind-numbingly stupid thing I have seen the government do in the last couple of decades -- and that includes bad wars, if that's your thing. Why can it be so bad? Because it screws with every single economic entity in the nation, in a way that pervasive, subtle, and micro-managing. If you want to know where "1984" is, with Big Brother watching all of your moves, it's not b…
Earlier quoted context omitted.
Exactly. I'd assume most businesses do nearly all their purchasing through credit/debit card. I know we certainly do. So I don't see how this is such a big deal.
The massive processing fees charged by the colluding credit card duopoly? Why aren't checks, electronic funds transfers, and electronic checks included?
Ostensible justification is likely along the lines that the IRS can already track credit & debit card purchases far more easily than purchase orders, checks and cash. Regardless, this would be a major boon for the credit card industry if it in fact goes forward as planned.
This will be an unmitigated disaster. Office Depot will get 50 million or so 1099's. How do you deal with that many accounting discrepancies? How do you match that many transactions to all those forms. What about under and over-reporting? This is a Democrat clusterfuck if there ever was one.
More likely: most businesses will completely ignore this rule. It will either go away before it comes into force or it will be so impractical to police that it will be useless.