President Obama: new Form 1099 rules are "probably counterproductive"

startuplawblog.com

9 pointsgrellas3 comments

Although, I'm quite aware it would cause a lot of accountants and government workers to have to look for new careers, they could solve this problem with the following hammer:

http://www.fairtax.org/site/PageServer?pagename=about_main

The Fair Tax is a clear political loser (as demonstrated in the elections a few days ago), as people know there's absolutely no way it will replace the income tax, no matter what its proponents say.

I'm not even sure starting with the repeal of 16th Amendment would be enough (the Supremes aren't sufficiently trustworthy), but any proposed implementation of the Fair Tax is a non-stater until at minimum that's done.

This would suck! I'd have to send 1099's to so many office supply and computing supply companies it would be ridiculous. Then again, I could hire my 12 year old son to do the work and pay him a rate fat enough to drive my taxes down... hmmmm.

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