May 24, 2010

ObamaCare will cause avalanche of IRS paperwork

The writer of the report at the link below has a sense of humor:

Congress should repeal the president’s health-care reform, or it should launch a new program to treat paper cuts.

Mr. Obama promised Americans “health-care reform.” So far, “health-care form” is more like it.

ObamaCare is devolving into the Paper Industry Salvation Act of 2010.

This new law spans 2,562 tree-killing pages. Far worse, it will force Americans to spend countless irritating hours completing, transmitting, and filing endless reams of federal paperwork.

The humor in the article stops suddenly with this:

The scariest news for America’s forests may be a brand-new mandate that will compel each business — from General Electric to the neighborhood handyman — to file an IRS Form 1099 for every business on which it spends at least $600. Form 1099 today applies only to independent contractors, e.g. a graphic artist who earns $1,000 for designing a sales brochure. Come 2012, ObamaCare will vastly expand 1099s to sellers of goods as well as services, and not just the self-employed, but also businesses — large and small.

More here.