bdamage Loc: My Bunker

Mercy, sakes alive!
What else are we secretly paying this "medical device excise tax on?
Is there such a thing as a fishing rodoscopy?

Check this out.

CABELA'S
Medical Excise Tax on Retail Receipts?


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 <http://irs.gov/> <http://irs.gov/>

Chapter Five http://www.irs.gov/publications/p510/ch05.html <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;

Taxable tires;

Gas guzzler automobiles;

and

Vaccines.

IRS.gov <http://irs.gov/> <http://www.irs.gov/pub/irs-pdf/p510.pdf>

We have been lied to again, if we believe that the Affordable Care Act is all about health care. It is a monstrous law that will ration health care while bankrupting the country, and a law with a whole lot of taxes that we the people have yet to be made aware of.

It is a political con to gain more control. It is also a method to obtain more taxes for the Democrats to buy the votes of the ignorant and uninformed and those who want something for nothing.

I guess it’s just like Nancy Pelosi said, "We have to pass it to see what is in it." Well, what is next? What else is there we do not know about? Where is the press? O yes, it's in the tank for Obama.

Kevyn

This is not a tax on medical devices and has nothing to do with the ACA it is rather an existing tax on imported and manufactured goods. If the ACA is so bad why is it that the vast majority of complaints about the act are false?

Blacksheep

Wow. It seriously makes me want to shove the lot of them over the nearest cliff.

I was lucky. I was born 4 years before the Second World War started that brought us up out of the Great Depression, and while the population of America was still small, around 140 million. I grew up in a city that still had vacant lots you could play baseball in, by an ocean that was crystal clear and had big fish you could catch right off a pier. I could be out after dark as a boy and be safe. There was no air pollution, there were lots of jobs, almost everyone lived in a house as there were very few apartment buildings outside of some single story "courts" built in the 1920's that mostly old retired people lived in.

As a teenager I traveled the state and enjoyed all the natural beauty. I went camping for a week in Yosemite National Park and didn't need any permit or reservation. and CA sales tax was 4%.
Everything was cheap even though wages were much lower then. I got to live through the Golden Age of America.

It takes about $120 or more now to buy groceries that cost about $8 then. So if you made $60 a week then, a decent wage, you need to make $900 a week now to even come close to the same level and standard of living. And you won't make it.

The people we elect, all of them working in concert, are wrecking this country and not caring a whit. I think our time is ending.

son of witless

A serious charge that I doubt you can back up. You seem to be in good company with Senator Reid.

bdamage Loc: My Bunker

Here's that terminology translated from "Medical Device Excise Tax" to "manufacturers excise tax".

Section 4191, enacted by section 1405 of the Health Care and Education Reconciliation Act of 2010, Public Law 111-152 (124 Stat. 1029 (2010)), in conjunction with the Patient Protection and Affordable Care Act, Public Law 111-148 (124 Stat. 119 (2010)), imposes an excise tax on the sale of certain medical devices. The excise tax imposed by § 4191 is 2.3% of the price for which the taxable medical device is sold. The medical device excise tax is codified in chapter 32, subtitle D of the Code (“chapter 32”), which pertains to excise taxes imposed on the sale or use of taxable articles by manufacturers, producers, and importers (commonly referred to as “manufacturers excise taxes”). See § 48.0-2(a)(4)(i) of the Manufacturers and Retailers Excise Tax Regulations (the “regulations”) (which defines the term “manufacturer” to include a “producer” and an “importer”). As a result, the existing chapter 32 rules, including the regulations issued thereunder, apply to the medical device excise tax.

They are sooooooooo sneaky!

bdamage Loc: My Bunker

It makes one wonder BS, how many retailers are hiding this tax as mentioned they should do?

Cabela's should be commended, but wouldn't want to be their book-keeper right now....can you say immediate AUDIT!?!?

Boo_Boo Loc: Jellystone

Thank you for the links, I found them very informative. For anyone that has not read the inclusions in this law, you will find some surprises. Not only the fishing gear is taxed, but there is a new tax on tanning.

Boo_Boo Loc: Jellystone

I remember those days. My family had a house that they rented out and I remember people saying that paying $25 a month for rent was outrageous. For a 4 bedroom 2 bath house. Papa reduced the rent to $15 for a couple with two kids after they explained that their income was only $100 a week. I also remember 1 cent candy, where you could buy two for 1 penny. Seems so long ago....are we really that old?

Blacksheep

Naw, hell, 75 isn't old, or a very long time, even. The world just changed really quick is all. I'm serious. Old is when rocks turn to powder and mountains erode into flat plains. That's OLD. :-D

Boo_Boo Loc: Jellystone

You have a point, and now I feel much better!!! :thumbup: :thumbup: :thumbup: :thumbup:

Blacksheep

Did you mean that the couple had an income of $100 a MONTH, not a week? $25 a week was a good wage during the War.

mpix Loc: NorCal

As usual our progressive friend comes out with both pop guns a blazing with no documents to prove he is in the right, and your source is wrong. The bobsey twins bd and k are just alike. Just an assumption, dirty harry must be their papa. :D :D :D

MrEd Loc: Georgia

I was a little young during the war to pay attention to my parents wages, since I was born in 43, but in the early 50's my mother made $50.00 a week and my father made $100.00 a week. With that income we had it made as long as the mill didn't go on strike. We had a great life and no one suffered from lack of money unless a strike came along.

As for taxing fishing equipment and calling it medical equipment, I wouldn't put it past Obama. They are great at putting taxes on things they have no business taxing. They taxed our boat industries right out of business a few years back.

grace scott

grace scott

Hit the wrong button here. I do that a lot.

If your medical problem is mental, a fishing rod just might be the medicine you need. Nothing calms a troubled mine better than sitting on a river bank, watching the waves, and hoping the fish don't bite because you don't want to cook then.