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Politics : Politics for Conservatives -- Ignore unavailable to you. Want to Upgrade?

To: Alan Smithee who wrote (74134)

4/21/2016 12:39:23 PM

From: KLP

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Am off to a Conference this weekend...>BUT did get this via email this am....any truth to it?

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. 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 Five http://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, broad-heads, and points; Arrow shafts; Coal; I find it rather strange that some weird politician had to throw this one in. Taxable tires; and this one, Gas guzzler automobiles; and also, Vaccines. Where do they come up with this kind of crap? And to think some of those that helped pass this crap were no doubt voted in by unsuspecting voters who for sure wouldn’t go for such deception. I think it’s time that the voter pull the rind off those in DC that do such, and vote them out. And I would further conclude there is the reason why Trump is popular. It’s past time we have a voter revolt. 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. Please pass this on . I am still incredulous that this can go on. Where is our press ? I guess it's 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?