You mean.....you mean......the customers end up paying the tax? It doesn’t come out of Obama’s stash? Cruel, cruel world.
ping
We have to pass the bill to find out what’s in it.
That excise tax also applies when you sell a house, or any financial security.
This is in addition to the Obamacare payroll tax 3.2%.
It is a good thing for sales receipts to itemize all the government extortion charges. More retailers should help make it much more obvious to consumers where their money is going.
The company for which I work anticipated it. In fact they (we) lobbied against it much of last year.
The estimate is that it will hit us to the tune of 40 million dollars. That’s either a lot of streamlining (”lean” processes) or layoffs.
dividends cannot be affected, so we are on pins & needles.
Well done, Congress.
This a good thing if they can charge it directly on receipts, then it is visible and not hidden. Otherwise prices go up and it looks like the seller is just trying to make more $$$.
But since it only affects millionaires and billionaires, it doesn’t matter, right? (I can’t wait for the uninformed electorate to finally wake up.)
Yesterday it occurred to me that if they get mad about the new payroll tax, then see all these other taxes and the cost of everything going up, maybe they will turn on him. It won’t get rid of him, BUT, if they’re vocal enough, maybe it will keep him from passing anything else AND influence the 2014 election. (I’m looking for a silver lining.)
So, in the end, it was a computer glitch. You can get it refunded from Cabela’s.
Um, ok.
Starve the beast in 2013!
I believe this is a scam. I shopped at Cabela’s yesterday and there was no such ‘tax’ on my receipt, nor anyone else I know who has bought from Cabaela’s since the first of the year at several of their stores.
Typically, the clerk/cashier won’t know? What can one do in that case? In any intercourse with a manaer, one must know what one is talking about. “I’m not paying this because ________.”
From what I can see in the article, it’s expected the tax will be collected at the distributor level, thus hiding it from the consumer. If there was a mess-up here, it was in tipping the hand of the government.
Wait until people start getting their W2 forms this month. The employer’s contributions to health insurance will be listed and folks are going to get sticker shock. Heh. Good.
This turned out to be a computer glitch and Cabela’s will refund the money.
But ya gotta wonder ...
Somebody had to program this. Somebody wrote the code to charge a medical excise tax either on specific items sold at Cabela’s or on all Cabela’s receipts. Seems like a weird glitch. I can understand that they were updating their source code for taxes since it’s the beginning of the new year. And I guess they could be pulling the tax and it’s description from a database and maybe the wrong tax was indexed, but still it’s weird.
We had dinner in San Francisco a couple of weeks ago and there was a 4% charge tacked onto the dinner bill for “Employer Mandates”.
My health insurance premium went up 27% this year (144% last year) I don’t understand, I thought all this health care stuff was supposed to be free??? /s
download irs form 720 and look at part II - there has been an excise tax on some sporting goods for years, so I wonder if they just mislabeled what was being taxed?
What’s a giant cabela and why is there a tax on it?
Here it is. Got to pass the bill to see what is in it!
http://www.snopes.com/politics/taxes/medicaldevice.asp
Good Hunting... from Varmint Al
So...the Medical Excise Tax on Cabela’s purchases is for the use of medical equipment to remove the bullets and fragments from Obama’s Amish Children when they are tagged during a crime?
I prefer a Cap on Taxes than a Tax on Capping....
I hope it says OBAMACARE MED TAX on every receipt.