600$ tax

[help]

Can anyone tell me what this new health bill tax is? Something about we must report anything over $600

[Col. Flagg]

Can anyone tell me what this new health bill tax is? Something about we must report anything over $600

Yep... beginning January, 2011, any employer who purchases anything from a supplier/vendor costing $600 or more has to fill out a 1099 form... it is going to cause a massive headache and cost a lot of money to implement for many small businesses who are going to struggle to stay afloat because of it. Our 'federal government' has essentially declared war on the middle class and small business.