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magsite20

Medical Device Excise Tax?

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Have you seen the BS on the 2.3% Medical Device Excise Tax effective 1/1/13?

Look at this page of the IRS code, it includes the makers of Fishing rods and reels, bows and arrows. Look at page two.

 

http://www.irs.gov/pub/irs-pdf/f637.pdf

 

You need to get clear on where you guys fit in this O'Bozo Care tax scheme.

As you see this hidden tax includes cars, trucks, tires, plus gas, kerosene and diesel fuel.

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Have you seen the BS on the 2.3% Medical Device Excise Tax effective 1/1/13?

Look at this page of the IRS code, it includes the makers of Fishing rods and reels, bows and arrows.

 

As you see this hidden tax includes cars, trucks, tires, plus gas, kerosene and diesel fuel.

Does this mean I can use my insurance savings account to buy a new fishing rod? Or tires for my motorcycle

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I have seen it. Folks in your state wanted it, as it came with the package. We haven't seen nothing yet.

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You've got it the wrong way 'round. It's adding medical devices to those manufacturers and importers needing to pay an excise tax, not adding the other stuff to the category of medical devices. The other manufacturers/importers were already paying that excise tax - fishing gear has been taxed since the 1950s, for instance.

Edited by protected static
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You've got it the wrong way 'round. It's adding medical devices to those manufacturers and importers needing to pay an excise tax, not adding the other stuff to the category of medical devices. The other manufacturers/importers were already paying that excise tax - fishing gear has been taxed since the 1950s, for instance.

 

So if we read the last page on the form, it states:

 

 

What's New
Taxable medical devices. The Affordable Care Act imposes a 2.3-
percent medical device excise tax that manufacturers and
importers will pay on their sales of taxable medical devices starting
in 2013. For this purpose, "taxable medical devices" is added to
activity letters A, B, and D. See section 4191 for more information.
Looks like you are correct. :D

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Some how I do not think they would use the term Gas Guzzlers

Started reading it and had a good laugh. But I come from a state that has a state rep pushing for anger management training before you can by ammo.

So I thought it was real.

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My uncle's cardiologist told him they would have to hit him up for several thousand dollars tax next time they had to swap out his pacemaker.

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Nice...

 

We have a meeting at work next week about how all of our insurance costs are going to go up... I'm guessing coverage is also going down.

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Don't you wish you spoke only spanish and got work every day from the parking lot of 7 -11.

You get free health care.

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