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<p>[QUOTE=&quot;Rono, post: 1119169, member: 6492&quot;]Hi all,</p><p>&nbsp;</p><p>Nice discussion and my apologies for responding before reading the entire thread.&nbsp; </p><p>&nbsp;</p><p>You make some valid points krispy and no doubt most businesses and many individuals would figure out a way to automate the process quickly.&nbsp;&nbsp; The problem that I see is the cost/benefit ratio of having a reporting threshold at $600.&nbsp; &nbsp;&nbsp; The potential capital gains taxes on transactions of between $600 to say $5000 needs to exceed the costs of reporting and record keeping.&nbsp; Lowes isn&#039;t going to have a problem but the&nbsp; transactions between individuals are going to create reporting requirements and that is not cost free.&nbsp;&nbsp; My thoughts all along was that they should just raise the threshold to $5000 or even $10000 and while I&#039;d still consider it to be too much Big Brother, at least the numbers would work.</p><p>&nbsp;</p><p>Hey, we used to have our meal expenses paid at so much per meal and you didn&#039;t need a receipt.&nbsp; If you were out overnight, a whole days worth of meals was $31.&nbsp; If I chose to starve, I would still get $31.&nbsp; Ah, but then they decided that too many people were eating all that $31 so they switched to requiring receipts.&nbsp;&nbsp; My people were in travel status all week, every week.&nbsp; They now had to keep receipts from 12-15 meals, make every meal a separate entry on their travel expense record and then their supervisor had to audit and sign it and then finance had to audit and pay it.&nbsp; Now was the cost of paper work outweighed by the savings?&nbsp; </p><p>&nbsp;</p><p>peace,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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