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1099 will end the world in 2012

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Re: 1099 will end the world in 2012

#161

Post by fexl »

fexl wrote: post #146
subwindow wrote: post #41

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…

Even if it does go through exactly this way, very few people will comply with it, so the probability of getting singled out for serious retribution should be fairly low. So there's yet another reason to chill out.

Ouch. I was just trying to find a lead lining in the asbestos cloud, but that didn't go over too well.

Re: 1099 will end the world in 2012

#162

Post by bsnss-mn-cdr »

If (Government && GetRidOfCash) $response = MakeCashUnusable($year=2012); // Returns array with multiple options

echo $response[0];

"Success! New law implemented that will effectively make it so painful to use cash, checks, ach and wire-transfers that everyone will use credit and debit cards which we have full digital access to without direct user knowledge."

echo $response[1];

"Success! New law implemented that will effectively make it so painful to use cash that everyone will start buying everything possible from overseas companies who still accept PO's ( checks, ach and wire-transfers ) because the shipping cost are more easy to predict than cost associated with absolute compliance with this new law."

Re: 1099 will end the world in 2012

#163

Post by yummyfajitas »

sp332 wrote: post #143
yummyfajitas wrote: post #130

Earlier quoted context omitted.

Article 1, Section 8: The Congress shall have Power To [...] raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years; Are you seriously going to argue that "Armies" doesn't include the Air Force?

Specifically, I meant that the constitution explicitly gives each of the Army and the Navy cabinet-level power and responsibility. The Air Force was given the same power and responsibility, without amending the constitution.

Actually, I think I agree with you. They should change the org-chart and put the AF back under the Army.

I still don't understand your comparison to Obamacare. Are you asserting that the constitution would authorize Obamacare with some tweaks to heirerarchy? Please explain.

Re: 1099 will end the world in 2012

#165

Post by sp332 »

yummyfajitas wrote: post #163
sp332 wrote: post #143

Earlier quoted context omitted.

Specifically, I meant that the constitution explicitly gives each of the Army and the Navy cabinet-level power and responsibility. The Air Force was given the same power and responsibility, without amending the constitution.

Actually, I think I agree with you. They should change the org-chart and put the AF back under the Army. I still don't understand your comparison to Obamacare. Are you asserting that the constitution would authorize Obamacare with some tweaks to heirerarchy? Please explain.

Nope, I was just comparing the magnitude of the changes, not really the structure.

Re: 1099 will end the world in 2012

#166

Post by yummyfajitas »

sp332 wrote: post #165
yummyfajitas wrote: post #163

Earlier quoted context omitted.

Actually, I think I agree with you. They should change the org-chart and put the AF back under the Army. I still don't understand your comparison to Obamacare. Are you asserting that the constitution would authorize Obamacare with some tweaks to heirerarchy? Please explain.

Nope, I was just comparing the magnitude of the changes, not really the structure.

How is the magnitude comparable? Obamacare is not authorized by the constitution at all - to become constitutional, it would need to be eliminated. To become constitutional, the Air Force would need one arrow in the org chart to be changed.

I don't see the changes as being remotely comparable in magnitude.

Re: 1099 will end the world in 2012

#167

Post by lol »

mmaunder wrote: post #93

There is an incredible amount of rhetoric from both sides of the isle on supporting small businesses, supporting the entrepreneur, that entrepreneurs are the job creators, that innovation will lead us out of this recession. But it's all just politically correct talk. This forum is filled with entrepreneurs and innovators. It has one of the highest density of job creators of any forum on the web. Has anyone here seen…

Has anyone here seen any help from the government in creating jobs?

I have.

Re: 1099 will end the world in 2012

#168

Post by jmtulloss »

sprout wrote: post #139
_delirium wrote: post #137

Earlier quoted context omitted.

That would require that "virtually everyone" is a business, which is not the case. Somewhere less than 5% of the U.S. population run businesses. Again, contrary to the misinformation rampant in this discussion, individual expenditures that are not business expenses won't require 1099s. (Did anyone even read the linked article?) Even if that were not the case, it would hardly be a 1984 scenario, especially given that…

>it would hardly be a 1984 scenario, especially given that there are no criminal penalties for failing to file the 1099s. I think that's the key of it right there. The worst the IRS could do if you failed to file the 1099s is... force you to file the 1099s. The horror.

They could also fine you or use it as an excuse to audit. Both of those things are pretty unattractive for a small business.

Re: 1099 will end the world in 2012

#169

Post by InclinedPlane »

phr wrote: post #120
InclinedPlane wrote: post #102

Earlier quoted context omitted.

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.

The trouble with rules that remain on the books despite not usually being enforced is that they create opportunities for selective enforcement when they decide to crack down on you for other reasons, such as your political views.

Yup, they create potential for abuse of power. They also erode trust in legislating bodies and the law in general.

See also: http://www.amazon.com/Three-Felonies-Day-Target-Innocent/dp/...

Re: 1099 will end the world in 2012

#170

Post by RyanMcGreal »

MartinCron wrote: post #111
RyanMcGreal wrote: post #88

Earlier quoted context omitted.

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

I just checked, and your account is exactly one year old, so you may submit comments saying HN is turning into Reddit, if you would like.

I left reddit for HN a year ago (yes, I'm a late adopter in this regard), and believe me: HN is no reddit.
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