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SLIDESHOW: 2.3% medical excise tax* that began on *january 1st*

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MEDICAL EXCISE TAX (JAN. 1, 2013)

Yo'Adrienne..AFCL 2013/02/08 21:39:05
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.

Anyone still believe Obama didn't raise taxes on the middle class?

What is the medical device tax?

The $20B tax was included in the Affordable Care Act that was signed into law in 2010. The amount is based on a 2.3% excise tax that will be levied on the total revenues of a company, regardless of whether a company generates a profit, starting in 2013. Many companies will owe more in taxes than they generate from their operations. The result will be devastating to innovation, patient care and job creation.

January 1, 2013 brought a host of new taxes, fees, and charges to the American people. Some of them were anticipated. Others, like the Medical Device Excise Tax (MDET), were not — at least not in this way.

How so? Well, the MDET has started showing up on the receipts for purchases made at sporting goods giant Cabela’s. This receipt from one such store in Texas is making the rounds on the web. It shows an additional tax has been added to the purchase, after the local sales tax of nearly 10% was charged.

Why Was A Sporting Goods Store Charging 2.3% Medical Excise Tax

Image: Twitchy.com

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.Which devices will be affected by it?

Why Was A Sporting Goods Store Charging 2.3% Medical Excise Tax

There are two main categories of devices exempt from the tax. First, eyeglasses, contact lenses and hearing aids are specifically listed as being exempt. The second and broader category, commonly referred to as the “Retail Exception,” exempts a device which is “of a type which is generally purchased by the general public at retail for individual use.”

At the end of the day, the Medical Device Excise Tax was supposed to generate an additional $29 billion to help pay for Obamacare. During the deliberations of the 2009 law, the bill’s authors envisioned the $29 billion coming from “big companies” who made or imported the devices. More than one of the medical device manufacturers say that their operating profit margins are so thin, that they have no choice but to pass the cost on to consumers.

It appears that much of the $29 billion will be coming from the pockets of consumers.

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Top Opinion

  • Chitta Brick 2013/02/09 05:37:38
    Chitta Brick
    +4
    Putting Obama back in office was a bellwether of how stupid Americans have become.

    Oh the surprises that are coming on our way.

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  • Rahyah 2013/02/19 19:08:08
    Rahyah
    +1
    Any Excise (tax), whether called excise or income tax, is nothing more than a tax on the benefit of use of any goods (product), upon which attaches any beneficial use thereof, such as the use of private credit.

    When contemplating the use of private credit instead of public credit, one should always remember that public credit to date is non-taxable presently.

    So, if you wish, you may either choose private Credit (produced by the Federal Reserve System via the product known as Federal Reserve Notes) or avail yourself of Public Credit for exchange in goods and services for whatever reasons, while choosing to avoid the so-called excise (tax) by whatever form taken or name known, and claim lawful money in redemption thereof, for any livelihood received in exchange for any labor performed per 12 U.S.C 411. See: (Dec. 23, 1913, ch. 6, § 16 (par.), 38 Stat. 265; Jan. 30, 1934, ch. 6, § 2(b)(1),48 Stat. 337; Aug. 23, 1935, ch. 614, title II, § 203(a),49 Stat. 704.)

    In retrospect to the amendments aforementioned, any notes (in whatever product form), that may be redeemed to avoid the liability of excise attached thereto or otherwise, in any other form of acceptance or shape otherwise, makes little difference if such excise liability ceases to exist in kind. The choice is yours!

    Choose wisely!
  • ☆stillthe12c☆ 2013/02/14 00:21:23
    ☆stillthe12c☆
    I am glad they are showing the tax. We were told about it more than a year ago. But then most people do not pay attention.
  • Torchmanner ~PWCM~JLA 2013/02/09 15:11:47
    Torchmanner ~PWCM~JLA
    +3
    We have not yet begun to find all the leftwing taxes (theft) that are coming our way.
  • Yo'Adri... Torchma... 2013/02/09 20:39:31
    Yo'Adrienne..AFCL
    +2
    Oh you said it!
  • deidara.trueart 2013/02/09 06:20:04
  • Chitta Brick 2013/02/09 05:37:38
    Chitta Brick
    +4
    Putting Obama back in office was a bellwether of how stupid Americans have become.

    Oh the surprises that are coming on our way.
  • Yo'Adri... Chitta ... 2013/02/09 20:40:11
    Yo'Adrienne..AFCL
    +1
    Isn't that the truth
  • Chitta ... Yo'Adri... 2013/02/10 03:34:09
    Chitta Brick
    +1
    I can't wait for all them losers that zombie walked into the polls to see how there taxes come out this year....
  • Yo'Adri... Chitta ... 2013/02/11 00:54:05
  • eXecuTech Chitta ... 2013/02/10 19:14:31
    eXecuTech
    +3
    The American citizenry did NOT put Obozo back in office. The election was "Chicago stolen" by proprietarily programmed electronic voting machines that no one is allowed to audit or verify. We lost control of our votes when we allowed machines to count them.

    Until we take back control of this country, by whatever means necessary, it will only get worse. Every citizen needs to read the Constitution, get angry at just how completely it's been desecrated by those 536 bastards in DC, then FIGHT BACK!
  • Chitta ... eXecuTech 2013/02/10 23:17:43
    Chitta Brick
    +1
    I agree with the voting machines, but Obama cobbled together a collation of special interests and minority groups to trump what we could put together. My opinion is the citizens need to suffer and suffer greatly before some kind of real change can happen.
  • Yo'Adri... Chitta ... 2013/02/11 00:59:02
  • Chitta ... Yo'Adri... 2013/02/11 04:17:53
  • Yo'Adri... eXecuTech 2013/02/11 00:58:26
    Yo'Adrienne..AFCL
    Let's say that it wasn't ONE thing...but a combinatin of events.
  • Yo'Adri... Chitta ... 2013/02/11 00:53:03
  • Jim12 2013/02/09 01:45:56
    Jim12
    +4
    Well, it's fine to make a point, but NOTHING a sporting goods store will be subject to this tax, and its not due from a retailer, so if this receipts real, the store is POCKETING extra revenue and blaming ObamaCare. Plenty of things to complain about in that law but don't fleece your customers and blame the government!
  • BonnieDeutsch 2013/02/09 00:48:35 (edited)
    BonnieDeutsch
    +3
    Evidently our Presdient is unaware of some of the words that he uses like transparency , so here are some other words with the same meaning: directness, openness, condour, straightforwardness. What other "hidden" taxes, costs will we be getting in 2013 ?

    Anyone who voted for him cannot complain !

    And thanks to Cabela for informing the public.
  • Yo'Adri... BonnieD... 2013/02/09 20:40:59
    Yo'Adrienne..AFCL
    +1
    and thatnks for you comment.......
  • BonnieD... Yo'Adri... 2013/02/10 04:37:59
    BonnieDeutsch
    +1
    thank you for the good discussion material !
  • Nancy~PWCM~JLA~POTL 2013/02/08 23:07:17
    Nancy~PWCM~JLA~POTL
    +3
    I think all that is hidden is the cost of living. Has anyone noticed or even felt it? I have. there is a new hidden tax around every corner of living

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