Skip to comments.Congressman Mike Rogers' opening statement on Health Care reform in Washington D.C.
Posted on 09/18/2013 5:42:45 PM PDT by dvan
Congressman Mike Rogers' opening statement on Health Care reform in Washington D.C.
Video of hearing
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 Chapter Fivehttp://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, broadheads, and points;
Gas guzzler automobiles; and
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.
I am still incredulous that this can go on. I guess its 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 all of them!!!!!!
God help us.
amen. I don’t need to be on the government plan to see what is in it.
GET THE DAMN FEDS OUT OF THE MEDICAL AND INSURANCE PROFESSIONS !!!!!!!!!
WE TAXPAYERS CANNOT AFFORD YOU DAMN PARASITE POLITICIANS !!!
The best way to fix a broken system is to SHUT IT DOWN, and THEN fix it.
Speaker Newt SHUT DOWN the US Federal Government in the 1990s and it WORKED!
Clinton then took credit for balanced Federal Budgets, fewer people were in poverty, and all because Newt said NO !
The Liberal Agenda Media and the Democrats boo-hooed to this day, but Newt achieved success.
The only way to force a spoiled brat to behave is to punish, punish, punish.
The worst punishment that a Democrat, or RINO can imagine is to take away their ability to spend our tax dollars.
The best way to do that is to shutdown the non-essential parts of the US Federal Government, starting with mothballing Air Force One.
Why not have the true Republicans require a BINDING, updated, Federal Financial Impact Statement for 2012-2013 fiscal year, and 2013-2014 f. y. for Obamacare?
It should take a month or two to complete, allow for a vote to delay Obamacare for a year, and then show the great financial harm to our Economy that the Statements numbers will document.
Wharton, Stanford, Michigan and Princeton could also file their independent Financial Impact Statements to compare to the Office of Budget and the Congressional Budget Office Financial Impact Statements.
As B. Hussein is fond of saying: We need to get all the facts first.
This Mark Levin ObamaCare monologue link must be sent viral; it’s awesome:
At that link, I am not finding where it says those items are taxed as medical devices. Help me find that please.
What about the real estate tax of I think it is 3.8% on the sale of your home if your income is more than 250K.
3.8% on the capital gain, not the sale price: