Thursday, May 2, 2013

Medical Devices Federal Excise Hidden Taxes

It's here!!!!  They were told to hide the tax; but Cabela's, a popular sporting goods store, refused to hide the tax.  Welcome to Obamacare.
 I really hope that all recipients of this e-mail will forward it.
YOU HAVE TO READ THIS!!  IT'S A MUST!!
Medical Excise Tax on Retail Receipts.  This is amazing.
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 skeptical 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 what do I find under "MEDICAL DEVICES" under "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.
 
 

3 comments:

Anonymous said...

For communism to succeed, it must be sprung unsuspectingly on an ignorant public, so I am not surprised at the lengths these radicals are going to keep all those huge Obamacare taxes hidden from the very people who must pay it.

Anonymous said...

Wheelchairs are hit with this tax along with many other medical gadgets needed to take care of one's medical requirements.

That is what you get for voting for Obama.

Anonymous said...

Somehow fishing poles are considered medical devices for this tax. Like Pelosi said, we have to pass this bill so you can find out just are far the Democrats are going to stick it right up your a55!

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