fordnut
Well-Known Fanatic
I'm forwarding this on. I'm NOT a tax expert, but it surely
looks like a tax to me. You can download the PDF file from the IRS by
clicking the link to IRS.gov below and judge for yourselves.--Floyd
Roberts
Medical Excise Tax on Retail Receipts
This is an image of a sales receipt from Cabela?s, a popular
sporting goods store.
?The 2.3% Medical Excise Tax that began on January 1st is
supposed to be ?hidden? from the consumer, but it?s been brought to
the public?s attention by hunting and fishing store Cabela?s who have
refused to hide it and are showing it as a separate line item tax on
their receipts,? the email states.
I did some research and found directly from the IRS's website
information that PROVES this to be true and an accurate portrayal of
something hidden in Obamacare that I was not aware of!
Now being sceptical of this I went to the IRS website and found this!
Q1. What is the medical device excise tax?
A1. Section 4191 of the Internal Revenue Code imposes an
excise tax on the sale of certain medical devices by the manufacturer
or importer of the device.
Q2. When does the tax go into effect?
A2. The tax applies to sales of taxable medical devices after
Dec. 31, 2012.
Q3. How much is the tax?
A3. The tax is 2.3 percent of the sale price of the taxable
medical device. See Chapter 5 of IRS Publication 510, Excise Taxes,
and Notice 2012-77 for additional information on the determination of
sale price.
IRS.gov Chapter Five http://www.irs.gov/publications/p510/ch05.html
So being more curious I clicked on "Chapter 5 of IRS
Publication 510" And WALLAH! What do I find under "MEDICAL DEVICES"
under "MANUFACTURERS TAXES"?
Manufacturers Taxes
The following discussion of manufacturers taxes applies to the tax on:
Sport fishing equipment;
Fishing rods and fishing poles;
Electric outboard motors;
Fishing tackle boxes;
Bows, quivers, broadheads, and points;
Arrow shafts;
Coal;
Taxable tires;
Gas guzzler automobiles; and
Vaccines.
IRS.gov
I think we have definitely been fooled, if we believe that the
Affordable Care Act is all about health care. It truly does appear
to be nothing more than a bill laden with a whole lot of taxes
that we the people have yet to be aware of!
************************************************
Steve
looks like a tax to me. You can download the PDF file from the IRS by
clicking the link to IRS.gov below and judge for yourselves.--Floyd
Roberts
Medical Excise Tax on Retail Receipts
This is an image of a sales receipt from Cabela?s, a popular
sporting goods store.
?The 2.3% Medical Excise Tax that began on January 1st is
supposed to be ?hidden? from the consumer, but it?s been brought to
the public?s attention by hunting and fishing store Cabela?s who have
refused to hide it and are showing it as a separate line item tax on
their receipts,? the email states.
I did some research and found directly from the IRS's website
information that PROVES this to be true and an accurate portrayal of
something hidden in Obamacare that I was not aware of!
Now being sceptical of this I went to the IRS website and found this!
Q1. What is the medical device excise tax?
A1. Section 4191 of the Internal Revenue Code imposes an
excise tax on the sale of certain medical devices by the manufacturer
or importer of the device.
Q2. When does the tax go into effect?
A2. The tax applies to sales of taxable medical devices after
Dec. 31, 2012.
Q3. How much is the tax?
A3. The tax is 2.3 percent of the sale price of the taxable
medical device. See Chapter 5 of IRS Publication 510, Excise Taxes,
and Notice 2012-77 for additional information on the determination of
sale price.
IRS.gov Chapter Five http://www.irs.gov/publications/p510/ch05.html
So being more curious I clicked on "Chapter 5 of IRS
Publication 510" And WALLAH! What do I find under "MEDICAL DEVICES"
under "MANUFACTURERS TAXES"?
Manufacturers Taxes
The following discussion of manufacturers taxes applies to the tax on:
Sport fishing equipment;
Fishing rods and fishing poles;
Electric outboard motors;
Fishing tackle boxes;
Bows, quivers, broadheads, and points;
Arrow shafts;
Coal;
Taxable tires;
Gas guzzler automobiles; and
Vaccines.
IRS.gov
I think we have definitely been fooled, if we believe that the
Affordable Care Act is all about health care. It truly does appear
to be nothing more than a bill laden with a whole lot of taxes
that we the people have yet to be aware of!
************************************************
Steve
