Your Business Just Changed

If you're in the U.S., your business probably just changed quite a bit. Take a look at this article from CNNMoney:

http://money.cnn.com/2010/05/05/smal...re_tax_change/

Richard Dennis

[Dien Rice]

Originally Posted by Richard Dennis

If you're in the U.S., your business probably just changed quite a bit. Take a look at this article from CNNMoney:

http://money.cnn.com/2010/05/05/smal...re_tax_change/

Richard Dennis

Hi Richard,

Thanks for the "heads up" on this. It sounds like a potential nightmare!

And although it is part of the "health care" bill - it seems to have nothing to do with health care at all...

Sneaky. Politicians are a sneaky lot.

- Dien

3 Important keywords...

Tax Oppressive Nations...

A Good mix of info for a little Tax Oppressive Nation education...

From awhile back... Nevertheless interesting details...
http://freestudents.blogspot.com/200...ty-little.html
http://www.concurrencefiscale.ch/pap...-Tax-Index.pdf

Dan Mitchell's recent informative and interesting Blog post... Video definitely worth watching...

Commenting/Debating further if you choose to...

Can We Constrain Bloated and Oppressive Government?
http://biggovernment.com/dmitchell/2...ve-government/
http://biggovernment.com/author/dmitchell/

Phil

[GordonJ]

Originally Posted by Richard Dennis

If you're in the U.S., your business probably just changed quite a bit. Take a look at this article from CNNMoney:

http://money.cnn.com/2010/05/05/smal...re_tax_change/

Richard Dennis

Richard,

Thanks for digging that out. If there is a huge burden placed on small businesses, then more and more will flock to the "cash" system and/or a "derivative" of barter.

I'm starting to see (and offer cash for a discount) more and more small businesses, the mom's and pop's, starting to offer discounts for cash. It may be a small savings, the credit card processing and bank fees, but for some, it could make the difference.

More paperwork, more scrutiny = more cash transactions (albeit at inflated prices cause the cash of tomorrow won't be worth what it is today).

Gordon Alexander