image excise tax medical devices

Image from Snopes.com

I just got the following email. Normally I verify all the information in it, via Google, Snopes, etc…. so it’s no different that I did, even for this article/email on JUST ONE MORE REASON TO HATE OBAMACARE, EXCUSE ME….the Affordable Care Act.

BUT EVEN SNOPES.com GOT IT WRONG!!!!  Why did they NOT READ the LINK? (see below in the article)

I found the information SHOCKING and then DISTURBING even DISGUSTING as an Independent Conservative, as well as an American Citizen.

Universal Healthcare was conceived by Republicans almost over a decade ago, now before you get you panties in a twist about what side your on or who is right, I am just stating a FACT.  I am not against a Universal Healthcare, however the Government does NOT allow most Health Insurance companies operate in every State across our Union, which are regulated and set up with built in competition… something the Government seems to be forgetting that this country is founded on it !!!

Bet you didn’t know that, did you?

Now the Government sees an opportunity for a take over monopoly….not at first, but you can agree on this.  Once the Government gets involved, despite its intentions, the abundance, innovation and quality even quantity all but disappears. UNLESS your company HAS the Government contract then you RAPE the American People indirectly by charging the Government an exorbitant amount of money.  Which in turn they create another bureaucracy to make it “FAIR”, while eating up a majority of any profits to “govern” their latest program.

BUT WAIT, Obamacare is being SOLD as Affordable Health Care, they (the government), even set up a website to continue to fool the American public by calling it HealthCare.gov  To Me it seems to be a panacea of programs to tax Americans. Decide for yourself as you follow the subject more, now that it’s out in the open and checkout Wikipedia about the subject.

WELL SHIT, Here We Go Again…. Remember ObamaCare?  Remember Nancy Pelosi’s statement?  Let’s Refresh, you read the following information and LEAVE your PISSED OFF Comment Below…..even if you are out of work and you are a Government WHORE!

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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

image obamacare revieled in cabela receiptThis is an image of a sales receipt from Cabela’s, a popular sporting goods store with almost 50 locations throughout the US.

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, broad heads, and points;
  • Arrow shafts;
  • Coal;
  • Taxable tires;
  • Gas guzzler automobiles; and
  • Vaccines.

I NEVER KNEW THAT A TIRE IS A MEDICAL DEVICE.

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.

Please pass this on. I am still incredulous that this can go on.  Where is our press? I guess it’s just like Nancy Pelosi said…

We have to pass it to see what is in it .

What is next?

What else is there we do not know about?

I am sick to death about our government..!!!!!!

God help us bring this nation back to a land of freedom, and to have the courage and commitment to do so.

Tip of the iceberg!!

Also don’t forget the 3.8% tax on unearned income which includes profit from sale of homes, condos …..

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Let’s Hear your RANT on the Subject, Login to make a comment….

WAIT THERE’s MORE (no not Billy Mays, he’s dead) Checkout the COST of ObamaCare Table.

image cost of obamacare by state

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William Burdine is a Relationship Marketer in person and cyberspace and a Real Estate Investor providing solutions for Internet Marketing Training & Real Estate Investor education as well as Website Consultations. Did you find the content in this post Helpful? IF you did, Please Share it with the Social Icons and LEAVE your Comments Below.Thank You.