President Obama nationalized auto industry, health care industry and now the time has come to “reform” Wall Street. Day by day this government is invading our private lives and trying to take control over our decisions and more government agencies are created just for one purpose – to destroy the private sector and collect more money for unsustainable state programs. Here’s more news: In the near future every credit card processor and bank doing merchant services will have to report to the IRS merchants earnings from every credit and debit card transaction. Do you know what it means? It means that the government not only will have control over you health care and finances through the regulatory reforms that already have taken place but also will be able to closely monitor your day to day activities, what you are buying and where, how much you spend and so forth through your credit card transaction detailed information that processors will have to share with the IRS. Soon after the Wall Street reform we’ll face a new regulation – Cap and Trade that will drive up our energy costs that is why this upcoming election is so important.
Nationalizing American industries
President Obama nationalized auto industry, health care industry and now the time has come to “reform” Wall Street. Day by day this government is invading our private lives and trying to take control over our decisions and more government agencies are created just for one purpose – to destroy the private sector and collect more money for unsustainable state programs. Here’s more news: In the near future every credit card processor and bank doing merchant services will have to report to the IRS merchants earnings from every credit and debit card transaction. Do you know what it means? It means that the government not only will have control over you health care and finances through the regulatory reforms that already have taken place but also will be able to closely monitor your day to day activities, what you are buying and where, how much you spend and so forth through your credit card transaction detailed information that processors will have to share with the IRS. Soon after the Wall Street reform we’ll face a new regulation – Cap and Trade that will drive up our energy costs that is why this upcoming election is so important.
http://taxes.about.com/od/businesstaxes/qt/cardreporting.htm