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Aw Gee! Tried but need to post 1 MORE-this on Obamacare


Posted: Sep 9, 2013

It was brought to my attention today just what the Medical Excise Tax entails...check out Notice 2012-77, especially for hospitals, doctors, etc.

Medical Device Excise Tax: Frequently Asked Questions

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.

5.   Manufacturers Taxes

Table of Contents

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.

    http://www.irs.gov/publications/p510/ch05.html

;

Am I reading this wrong? - ZvilleMT

[ In Reply To ..]
Are they calling a fishing rod a medical device? Certainly I'm reading this wrong!

I think I heard this sometime back and when I mentioned (sm) - LM

[ In Reply To ..]
it, not sure if it was on this board or somewhere else, I was told I was reading it wrong. I don't think so. There are all kinds of hidden goodies in this supposed "health care" bill. I don't even think we know about all of them yet. Thanks for bringing it to our attention, TH.

I knew about the vaccinations and certain implant parts - Truthhurts

[ In Reply To ..]
but didn't know about coal, fishing and hunting equipment, etc.

I didn't believe it so I went to the IRS and looked it up and Lo and Behold...there it was!

Yes. Completely. Enclosed is a link to Snopes. The origin of OP's - post is a malicious fabrication distributed via

[ In Reply To ..]
e-mails, Facebook, etc. The IRS site is just something it's currently cloaked in to fool those who don't do their checking. (OP, you REALLY should have checked this out first.)

A sample Facebook scam shown on the Snopes link below provides sales slips to "prove" Obamacare taxes fishing rods, etc. The sales slips are real. Apparently Cabela's sporting goods store's new software once accidentally applied the tax to sales of such items as a "Ruger Attache Pistol Case." Absurd as it obviously was, that was all that was needed, and the Fool-Fulfillers on the right were off and running.

Nice job. Appreciate the research - Thanks. nm

[ In Reply To ..]
Sure. This is actually this one's second or third time - around here. Obamacare's 3 years old. :)nm
[ In Reply To ..]
x
I always like to give a high five to the truth - nm
[ In Reply To ..]
And probably - NK
[ In Reply To ..]
not the last. :)

That's what I thought, too. But evidently not unless there's another reason - Truthhurts

[ In Reply To ..]
Weird, but it came from the IRS site.

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