OBAMACARE Hides Another TAX!

Posted in the Weird Forum

“*=* Always Thinking *=*”

Level 8

Since: Nov 12

Greensburg, IN

#1 Mar 4, 2013
Subject: OBAMACARE HIDES ANOTHER TAX - He screwed the Tax Payers again

http://us.f1215.mail.yahoo.com/ya/downlo....=...
This describes the pic above:
Cabela's Total $279.67
inc. general sales & use tax $20.87
medical Excise Tax $5.82

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 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 < http://www.irs.gov/uac/Medical-Device-Excise-... ; Chapter Five http://www.irs.gov/publications/p510/ch05.htm...

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 < http://www.irs.gov/pub/irs-pdf/p510.pdf> ;

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!

PS: Maybe Pelosi should have read it

“*=* Always Thinking *=*”

Level 8

Since: Nov 12

Greensburg, IN

#2 Mar 4, 2013

“I know where you are,”

Level 8

Since: Jun 08

Right here under my thumb

#3 Mar 4, 2013
Hoosier Hillbilly wrote:
Subject: OBAMACARE HIDES ANOTHER TAX - He screwed the Tax Payers again
http://us.f1215.mail.yahoo.com/ya/downlo....=...
This describes the pic above:
Cabela's Total $279.67
inc. general sales & use tax $20.87
medical Excise Tax $5.82
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 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 < http://www.irs.gov/uac/Medical-Device-Excise-... ; Chapter Five http://www.irs.gov/publications/p510/ch05.htm...
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 < http://www.irs.gov/pub/irs-pdf/p510.pdf> ;
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!
PS: Maybe Pelosi should have read it
http://us.f1215.mail.yahoo.com/ya/downlo....=...

"Sorry the page you requested was not found"

**********

Q5. Will individual consumers be subject to any reporting or recordkeeping requirements?

A5. Generally, no action is required by individual consumers. Because the tax is imposed upon the sale of a taxable medical device by the manufacturer or importer, the manufacturer or importer is responsible for reporting and paying the tax.

Q6. Who is the manufacturer for purposes of the medical device excise tax?

A6. Generally, with regard to the medical device excise tax, the manufacturer is the person who produces a taxable medical device from scrap, salvage or junk material, or from new or raw material, by processing, manipulating or changing the form of a device or by combining or assembling two or more devices.

Q15. Are there any exemptions to the medical device excise tax?

A15. Yes. There are specific statutory exemptions for eyeglasses, contact lenses, and hearing aids. There is also an exemption for other devices that are of a type that are generally purchased by the general public at retail for individual use (the retail exemption).

“Geaux Tigers!”

Level 9

Since: Jun 12

Down on the bayou

#4 Mar 4, 2013
Kind of ironic that the U.S. government will take in a record amount in tax revenues this year, yet Democrats are still holding out to screw the public and clammoring for even more tax increases.

“I was a Grim Reaper”

Level 8

Since: Apr 07

But now I take antidepressants

#6 Mar 4, 2013
Actually, the new tax on medical devices is perhaps a better example, it will cause an extra $175 to be added on to the cost of braces. http://www.thegatewaypundit.com/2013/01/obama... http://www.atr.org/braces-kids-more-expensive... http://conservativebyte.com/2013/01/obamacare...

Level 6

Since: Jun 09

Location hidden

#7 Mar 4, 2013

“Geaux Tigers!”

Level 9

Since: Jun 12

Down on the bayou

#8 Mar 4, 2013
GenOmazing wrote:
<quoted text>Assuming you work, why do your wages go up?
??

I know this is a foreign concept to you, but most folks wages go up because they worked hard to earn a pay raise or promotion.

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