Economy

AnneD

(15,774 posts)

80. I have not been into my fav coin shop for a while......

Thu Dec 15, 2011, 02:53 PM

Dec 2011

otherwise I would have told you this sooner but....

tucked away in the Health Care bill was this stinker...so be aware.

Those already outraged by the president's health care legislation now have a new bone of contention -- a scarcely noticed tack-on provision to the law that puts gold coin buyers and sellers under closer government scrutiny.

The issue is rising to the fore just as gold coin dealers are attracting attention over sales tactics.

Section 9006 of the Patient Protection and Affordable Care Act will amend the Internal Revenue Code to expand the scope of Form 1099. Currently, 1099 forms are used to track and report the miscellaneous income associated with services rendered by independent contractors or self-employed individuals.

Starting Jan. 1, 2012, Form 1099s will become a means of reporting to the Internal Revenue Service the purchases of all goods and services by small businesses and self-employed people that exceed $600 during a calendar year. Precious metals such as coins and bullion fall into this category and coin dealers have been among those most rankled by the change.

More.....

http://abcnews.go.com/Business/gold-coin-dealers-decry-tax-law/story?id=11211611

I don't think I am too paranoid to want to keep my private business private. As a matter of fact, the only time I ever sold back any PM was to pay the IRS...long story, I was right, but was advised to just get the monkey off my back. Things are getting decidedly uncomfortable around here.

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STOCK MARKET WATCH, Thursday, December 15, 2011 [View all] Hugin Dec 2011 OP

I'm still editing away on this thing. Hugin Dec 2011 #1

Oooooh, neat! I'm glad somebody is taking it over Warpy Dec 2011 #2

Warpy! Hugin Dec 2011 #4

Morning. Good work! Ghost Dog Dec 2011 #14

I've considered what you mention. Hugin Dec 2011 #16

Done. Ghost Dog Dec 2011 #31

Also, I wonder if anyone thinks any additional charts such as these below Ghost Dog Dec 2011 #37

I'm not sure any value would be added. Hugin Dec 2011 #39

What I learned. Hugin Dec 2011 #79

Glad you're keeping SMW alive. tclambert Dec 2011 #88

Wonder how many others couldn't find SMW. nc4bo Dec 2011 #3

You're welcome. Hugin Dec 2011 #5

Teething problems? Fuddnik Dec 2011 #6

Maybe a dog picture will fix it. Hugin Dec 2011 #7

Teeth Fuddnik Dec 2011 #15

Thanks for doing this! I lurk more than mbperrin Dec 2011 #8

K&R! hamerfan Dec 2011 #9

Markets Brace For France Downgrade, Possible SNB Action On EURCHF Ghost Dog Dec 2011 #10

EUR/CHF tumbles on unchanged SNB monetary policy Ghost Dog Dec 2011 #11

Euro zone decline eases, recession still looks certain - PMI Ghost Dog Dec 2011 #12

Japan: Tankan survey gloomy about prospects Ghost Dog Dec 2011 #13

Good morning! Today's plethora of reports: Pale Blue Dot Dec 2011 #17

Good morning, PBD. Hugin Dec 2011 #36

Data Signal Strengthening American Economy Ghost Dog Dec 2011 #77

Oil near $96 amid Europe debt, economy concerns Pale Blue Dot Dec 2011 #18

Oil Climbs From Five-Week Low After Technical-Support Level Trigger Buying Demeter Dec 2011 #53

U.S. Futures Advance Before Manufacturing Data Pale Blue Dot Dec 2011 #19

morning -- looks good hugin! xchrom Dec 2011 #20

Thanks xchrom. Hugin Dec 2011 #34

oh shit! then we really in trouble. xchrom Dec 2011 #40

Coffee Market Braces for Espresso-Bean Jolt {cheaper espresso drinks? } xchrom Dec 2011 #21

Great news for this coffee bean junkie! dixiegrrrrl Dec 2011 #70

OMG. Ohio finally has re-drawn the districts. We are going to be in Boehner's district DemReadingDU Dec 2011 #22

Elbredge Gerry would be so proud of the Ohio legislature! amandabeech Dec 2011 #35

At least most counties are kept whole DemReadingDU Dec 2011 #43

europe: Euro Pact Ignores Ireland�s Being Out of Synch: Frank Barry xchrom Dec 2011 #23

Hungary�s Orban May Demote Simor With �Total Takeover� of Central Bank xchrom Dec 2011 #24

Retail Sales in U.K. Drop More-Than-Forecast 0.4% as Recession Risk Grows xchrom Dec 2011 #25

France stokes eurozone row with call for UK credit downgrade xchrom Dec 2011 #28

Manufacturing From China to Europe May Shrink as Demand Weakens: Economy xchrom Dec 2011 #26

Traders Confounded as Volatility Extends Run xchrom Dec 2011 #27

"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem TalkingDog Dec 2011 #29

that was awesome xchrom Dec 2011 #42

Heh. Money for nothing and the chicks... for money. Ghost Dog Dec 2011 #69

I'm just hoping nobody opts for C: The Big Depression Ending War. TalkingDog Dec 2011 #81

Stiglitz dixit: Ghost Dog Dec 2011 #85

The global economic outlook for 2012 isn't pretty xchrom Dec 2011 #30

asia: China slowdown is the world's next nightmare xchrom Dec 2011 #32

Investment in China falls as west's economic downturn takes toll xchrom Dec 2011 #47

China trims holdings of US Treasury debt xchrom Dec 2011 #57

Big climate change could happen fast - and soon Ghost Dog Dec 2011 #33

We should be so lucky Demeter Dec 2011 #95

Exclusive - Regulators know where MF Global funds went. (Reuters) Hugin Dec 2011 #38

Yes, thanks. Ghost Dog Dec 2011 #41

One of the EU leaders said something like -- London wanted to be the Cayman Islands of the EU! FarCenter Dec 2011 #46

MF Global a concern of NY Fed since 2009 Demeter Dec 2011 #63

Where Is The Money? Gerald Celente on his Missing MF Global Money Demeter Dec 2011 #65

Another one of those "never investigated" funds? dixiegrrrrl Dec 2011 #90

Oh jeez, here we go again Loge23 Dec 2011 #64

Slice it anyway you want, it's STILL Baloney! Demeter Dec 2011 #67

Is that anything like Capitalism vs Evil Capitalism? TalkingDog Dec 2011 #83

Executive Psychopaths, Harvard Business Review, October 2004 Ghost Dog Dec 2011 #84

Cannot disagree with that at all. dixiegrrrrl Dec 2011 #91

WooHoo! Demeter Dec 2011 #45

is illegitimate the same as illegal? -- doesn't sound like it. nt xchrom Dec 2011 #49

Think RICO. Think Conspiracy to Defraud Demeter Dec 2011 #54

i have plenty on hand if that happens! xchrom Dec 2011 #55

Used to be... Ghost Dog Dec 2011 #71

'distinct from musical comedy.' Nt xchrom Dec 2011 #72

Farcical, yeah. n/t Ghost Dog Dec 2011 #78

Revealed: huge increase in executive pay for America's top bosses xchrom Dec 2011 #44

Needed: A Cure for a Severe Case of Trialphobia Demeter Dec 2011 #48

Actions speak louder than words, SEC. dixiegrrrrl Dec 2011 #52

Good work, esp if you are on a hand held, I think you said??? dixiegrrrrl Dec 2011 #50

Bernanke: Fed Has No Plans to Aid EU Banks Demeter Dec 2011 #51

Gold Extends Rout as Haven Investors Target Dollar on Europe Demeter Dec 2011 #56

This article re. Gold appears to have been widely read and commented: Ghost Dog Dec 2011 #82

That makes sense--When China Sneezes Demeter Dec 2011 #94

U.S. auto imports face anti-dumping duties CHINA Demeter Dec 2011 #58

HERE WE GO AGAIN! SHUTDOWN! Demeter Dec 2011 #59

Germany's Hidden Risk Demeter Dec 2011 #60

Pay gap a $740bn threat to US recovery Demeter Dec 2011 #61

+1 xchrom Dec 2011 #66

Banks face �350bn Basel III shortfall Demeter Dec 2011 #62

Analysis: BRICs buffeted by euro storm but stay on course xchrom Dec 2011 #68

Simple Explanation of Why Night Falls over Europe Demeter Dec 2011 #73

Phoenicians Return to Europe With Temple of Baal Demeter Dec 2011 #74

Europe Still Heading For Collapse Demeter Dec 2011 #76

Ambrose Evans-Pritchard\ China's epic hangover begins Demeter Dec 2011 #75

I have not been into my fav coin shop for a while...... AnneD Dec 2011 #80

The fact they snuck it into an unrelated bill is telling. dixiegrrrrl Dec 2011 #92

Just because you're paranoid doesn't mean.... InkAddict Dec 2011 #93

I am far from being paranoid..... AnneD Dec 2011 #97

Unbelievable Demeter Dec 2011 #96

Revised EFSF Draft Shows Italy, Spain Responsible For One Third Of European Bailout Funding Roland99 Dec 2011 #86

K&R DoBotherMe Dec 2011 #87

K&R Hugin Dec 2011 #89