I doubt Obama and his cronies specifically targeted gold dealers, even though Rush Limbaugh and Glenn Beck are fronting for gold sellers, but the new regulations mandating IRS form 1099s for any transaction over $600 are really going to impact this industry.
Not only will dealers have to fill out a 1099 for almost any transaction they perform, customers that are selling don't want the government to know they are selling and all customers have a reason to fear the information required can be used for identity theft.
Personally, I find the TV pitchmen for gold to be annoying, but that doesn't make me glad that Big Brother is heaping more paperwork on small and medium businesses.
Showing posts with label Rush Limbaugh. Show all posts
Showing posts with label Rush Limbaugh. Show all posts
Wednesday, July 21, 2010
Monday, July 12, 2010
Limbaugh makes millions leaving NYC
Rush Limbaugh just sold his New York City apartment for more than $12M after purchasing it in 1994 for under $5M.
The apartment, complete with maid quarters, takes up an entire floor and overlooks Central Park.
Transfer taxes on the sale alone are more than my house was worth before the crash.
Rush made a profit and thumbed his nose at a short sighted state while helping Florida by making it his state of residence and work.
Rush was right when he predicted New York's increased taxes on the rich would lead to an exodus of the "rich" including himself and they have not been able to come close to solving their fiscal problems by taxing people more.
They have helped surrounding states by sending people and businesses across the border.
BTW, Rush also predicted that LeBron James would likely pick a state like Florida (he did) to avoid high taxes.
The apartment, complete with maid quarters, takes up an entire floor and overlooks Central Park.
Transfer taxes on the sale alone are more than my house was worth before the crash.
Rush made a profit and thumbed his nose at a short sighted state while helping Florida by making it his state of residence and work.
Rush was right when he predicted New York's increased taxes on the rich would lead to an exodus of the "rich" including himself and they have not been able to come close to solving their fiscal problems by taxing people more.
They have helped surrounding states by sending people and businesses across the border.
BTW, Rush also predicted that LeBron James would likely pick a state like Florida (he did) to avoid high taxes.
Friday, June 18, 2010
What is up with Sir Elton?
Elton John just rocked Israel despite the trend of artists backing out of performances there after citing disagreement with Israeli policies.
He also performed at Rush Limbaugh's wedding, which must be causing the lefties' heads to spin (Barbra Streisand may never speak to him again).
Elton is an acknowledged spender who has run short of money several times, pressuring him to perform more; but these performances show that he may be throwing off the yoke of Liberal intolerance and bridging the chasms liberal stupidity has used to separate people that aren't really that far apart in their thinking.
He also performed at Rush Limbaugh's wedding, which must be causing the lefties' heads to spin (Barbra Streisand may never speak to him again).
Elton is an acknowledged spender who has run short of money several times, pressuring him to perform more; but these performances show that he may be throwing off the yoke of Liberal intolerance and bridging the chasms liberal stupidity has used to separate people that aren't really that far apart in their thinking.
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