The Federal Prepaid Health care Act contains many non health related items. Here’s one that’s really sneaky. If you sell your house,after 2012 you will be liable for a 3.8% Federal Sales Tax on the Sale. The average home price in Hawaii is roughly $600,000. The Federal Tax on that [...]

Any vendor that receives over $600/year from you, has to be provided with a 1099 at the end of the year. The IRS has hired 16,000 people to monitor this Health Care Act Provision.