Medical Excise Taxes On Retail Purchases Hidden In Obamacare

Medical Excise Tax on Retail Receipts
This is an image of a sales receipt from Cabela’s, a popular sporting goods store.
“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.
A pal 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 he 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. (Go ahead click on the site below to see IRS gobbledygook.)
IRS.gov Chapter Five http://www.irs.gov/publications/p510/ch05.html
So being more curious he clicked on "Chapter 5 of IRS Publication 510" and WALLAH!
What do I find under "MEDICAL DEVICES" under "MANUFACTURERS TAXES"?
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;
Arrow shafts;
Coal;
Taxable tires;
Gas guzzler automobiles; and Vaccines (only ‘Medical’ products on list).
IRS.gov
We have definitely been fooled again, 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 of which we were not to be aware!
MTW-He sure is one sneaky, sorry excuse for a president. Congress knew this, and that is why they have exempted themselves from Obamacare. They are no better, be they Republican or Democrat. Can we get another Party to stand up for the people who they ALL work for? That would be US. The Citizens of The United States of America. It is no wonder why illegal aliens do not pay taxes. To place a medical excise tax on a tackle box??? And adding 2.3% more tax on just about everything outdoor people purchase, among other things, and the increased healthcare cost in Obamacare is a shitty thing to do. Not going to raise taxes are you? Liar.
GOD BLESS YOU ALL.
Posted by Michael T. Wayne- A Little Crazy