Obamacare’s Notorious Form 1099 Reporting
November 24, 2010
Effective January 1, 2012 (unless repealed or amended), the 2010 health care law requires reporting on Form 1099s of all customer sales to coin dealers totalling $600 or more in a year. This statute applies to payments by any business for everything from office supplies to automobiles, not just your resale to a dealer of [...]
Fear of High Deficits Sending Mortgage Rates Up
April 17, 2010
Just after World War II, due to war spending and rebuilding Europe, our national public debt reached 108.6% of our gross domestic product (GDP), America’s total annual output of goods and services (according to the Office of Management and Budget). It declined steadily to 25% by the 1970′s as the economy boomed, and stood just [...]
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