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The most stupid legislation
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9/27/2010 10:26:13 AM
Posted: 6 years ago
In this, for any expense incurred by a company over $600. there will need to be reporting to the IRS, and the entity to whom the purchase was made. It is incomprehensibly unnecessary what burden that this would put on any business.
Personally, my outrage over the IRS and it's incredible extra constitutional powers are beyond measurement. This is endemic of a group that have not an ounce of understanding of how business works. The absolute idiocy that goes on in congress, and the hair-brained schemes that they think up is astonishing.
Maybe we're better off having congress watch live performances of Comedy Central, and grilling baseball players instead of dreaming up stuff like this.