Medicare 3.8% Tax on Net Investment Income
For tax years starting on or after January 1, 2013, the 2010 Health Care Bills impose a new 3.8% "Medicare Tax" on "net investment income" in excess of specified amounts. ....
schwabe.com
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Re the excise tax on medical devices:
The Final Medical Device Tax Provision: Under the compromise, the medical device industry fee in the PPACA was repealed and replaced with a different version of the provision known as an “excise tax.” In this new provision, the magnitude of the medical device tax was lowered from 2.9% to 2.3% annually, and was delayed two years, until 2013. But this change created a deficit in the overall bill that Congressional leaders were not willing to accept unless additional offsets were found. In exchange for these changes, the tax was extended to a larger base, namely Class I medical devices, with little discussion or opportunity for public comment or scrutiny. The vast majority of orthotics and prosthetics, as well as durable medical equipment, are Class I medical devices.
naaop.org
Class I Devices
Class I general hospital equipment includes bandages, bedpans, bedding, examination gowns, medical insoles, lubricants and more. Class I ear, nose and throat equipment includes applicators, balloons, clamps, tongue depressors, dilators, inhalers, irrigators, scissors, tubes and more. Class I physical medicine equipment includes wheelchair belts, lap boards, canes, cushions, helmets, massagers, scales, slings, splints, tables and more. Class I anesthesiology equipment includes reservoir bags, blow bottles, various calibrators, flowmeters, oxygen masks, oxygen tents and more. Class I dental equipment includes denture adhesive, x-ray machines, dentist chairs, clamps, cotton rolls, rubber dams, surgical hemostats, surgical headlights, syringes and more. Class I hematology equipment includes various types of acid, bottles, dishes and other various substances. Class I neurology equipment includes tuning forks, generators, various clips, skullplate screwdriver and more. Class I toxicology equipment includes blood alcohol test kits, drug test kits, drug-specific control materials and more.
Read more: FDA Medical Device Classes | eHow.com ehow.com |
