Under Attack. Biggest threats to the hobby.
timcoin
Posts: 674 ✭
What say you? Personally, I don't spend much time concerned about any of the above, but I voted anyway.
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Comments
And as if we didn't have enough to make us angry about the stinking, rotten federal tax code, it was reported yesterday that the General Electric Corporation, which made billions in profits last year did not pay dime in Federal Corporate taxes, and that’s not the first time that has happened. Yet if GE empolyees get in trouble overseas, who do think is the first one asking for help from the Federal Government?
How did GE do it? They simply don’t repatriate the profits they make overseas. If a private individual tried to do that the IRS would be on them like a cat on a June bug. But GE can buy politicians and get special treatment.
Washington, DC is a cesspool.
<< <i>I voted for the Chinese counterfeit option, but the 1099 problem is not far behind it. Than provision will cripple small business and really hurt the economy.
And as if we didn't have enough to make us angry about the stinking, rotten federal tax code, it was reported yesterday that the General Electric Corporation, which made billions in profits last year did not pay dime in Federal Corporate taxes, and that’s not the first time that has happened. Yet if GE empolyees get in trouble overseas, who do think is the first one asking for help from the Federal Government?
How did GE do it? They simply don’t repatriate the profits they make overseas. If a private individual tried to do that the IRS would be on them like a cat on a June bug. But GE can buy politicians and get special treatment.
Washington, DC is a cesspool. >>
what he said
EDIT TO ADD...sorry too much coffee this morning
On the counterfeiting...Huge Problem....but, the biggest thing that combats it is a more educated community (dealers/collectors/investors), laws and regulations can only do so much. If you a crumble a community with more taxation, it will hurt that communities affectiveness in their education. So in my opinion, if the 1099 ordeal is not repealed, it is guarunteed to hurt our community, and increase our inabillity to protect against counterfeiting. Which in turn will make our efforts against counterfeiting a mute point, in the long run.
blackman.jake@gmail.com
704-719-6866
I would have to say Numismatic Snobs
<< <i>shame people cant enjoy a coin, especially one like that for what it was worth deliverd.
the coin itself is beyond beautiful
guess everyone is only out for money, and gods honest truth- a coin like
that id rather in OGP and the numbers on a slab mean nada or someones
opion on PL or not
man that coin is sweet, and the original in smithsonian, OMG
wow its what dreams are made of >>
House repeals 1099 provision March 16, 2011
Summary
The U.S. House of Representatives voted March 3 to repeal the widely unpopular 1099 tax reporting provision of the health care law.
This article was originally printed in Numismatic News.
--------------------------------------------------------------------------------
The U.S. House of Representatives voted March 3 to repeal the widely unpopular 1099 tax reporting provision of the health care law.
Though the measure passed 314-112, it is unlikely to find much support in the Senate, acccording to Nicholas Pyle, coordinator of Numismatists United for Political Action.
The House and the Senate have already voted several times to repeal the bill, but neither chamber has been able to find a mutually acceptable way to cover the lost revenue, said Pyle, whose group has been working to repeal the measure.
In February the Senate voted 81-17 to repeal the 1099 provision and pay for the cost by directing the Office of Management and Budget to rescind unobligated federal funds. House Republicans would not accept the Senate offset.
Although businesses don’t have to fill out the actual 1099 tax forms until 2013, they will have to get ready to track all purchases over $600 in 2012 to comply with the reporting requirement.
House Majority Leader Eric Cantor, R-Va., said that the next step will have to be negotiation. “We’ll have to see where the differences lie between the two bills,” Cantor said. “Hopefully we can get this to the President’s desk as quickly as possible.”
<< <i>I voted for the Chinese counterfeit option, but the 1099 problem is not far behind it. Than provision will cripple small business and really hurt the economy.
And as if we didn't have enough to make us angry about the stinking, rotten federal tax code, it was reported yesterday that the General Electric Corporation, which made billions in profits last year did not pay dime in Federal Corporate taxes, and that’s not the first time that has happened. Yet if GE empolyees get in trouble overseas, who do think is the first one asking for help from the Federal Government?
How did GE do it? They simply don’t repatriate the profits they make overseas. If a private individual tried to do that the IRS would be on them like a cat on a June bug. But GE can buy politicians and get special treatment.
Washington, DC is a cesspool. >>
Right on Bill!
How does the joke go? "The economy is so bad that Exxon had to lay off twenty five members of Congress" I used to think that the old saw "the rich get richer...etc" was mostly BS, unfortunately it is true. While our nation is almost bankrupt (except that they print the money and they make the rules) We spend as much as the rest of the world on our military and are fighting wars in two, soon maybe three, parts of the world, for what? The republicans come to power with a promise to get the economy straightened out and so far have kept the tax breaks for the rich in force, and gone after NPR which represents .0001 of 1% of the budget. The democrats are'nt any batter, there is plenty of blame to go around. AHHH, it's good to vent
What was the question?
As to the NPR comment.... I personally have no problem whatsoever with them existing; just let them fund their programming via advertising and/or subscription- like every other network in the world has to. I've no interest in my tax money going to an entity whose news division supports promotion of certain political viewpoints/agendas over others. That's no different than if the government were funding Air America or Fox Radio imo.
RIP Mom- 1932-2012
huge improvement in the quality of the fakes. Some are almost indistinguishable from the
real deals. Some are in real nice plastic, too. It is not a serious problem to our circulating
currency as so few are made, relatively speaking. But, to the hobby it's a huge and serious
problem.
bob
``https://ebay.us/m/KxolR5
Eric
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
should go up to with a new top grade of 70.28.
Camelot
<< <i>I think another significant threat to this hobby is Debit Cards. Soon, kids growing up won't know what it's like to get change back. They will only see coins in the jars their parents have filled around the house. I write this only half in jest. Hm >>
i would have to agree with this big time. That is the nubmer one reason why ATB quarters have low mintage pop's is because of this.
go figure .... how collectors complain but say they use their debit/credit card for most everything.
What's with the "e" before "i" thing? That's weird.
The laws aren't lax. Enforcement is. Not sure a lobby is the solution though.
Lance.