Tuesday May 24, 2016
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This is incredible – The IRS portion of the Obamacare bill levies a tax on fishing poles, bows, arrows, “gas guzzlers” (yep those are their words.) Go to http://www.irs.gov/publications/p510/ch05.html to see the list of items that are newly taxed under the Obamacare bill. (Funny how private jets, diamonds and pearls aren’t on the list.)
If there was any doubt that Congress cares more about being reelected than the good of the nation and its citizens, read on.
Below is a story about how sporting goods vendor Cabella’s is bringing this to the fore!
Hooray for Cabela's
YA GOTTA READ THIS!! -ITS A MUST!
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.
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.
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;
Gas guzzler automobiles; and
Maybe I am not understanding what you are saying but we have always paid a sales tax on the last list of things you said except for vaccines. Bows, arrows, cars etc.
This is a NEW separate TAX hidden in the 2,500 pages of the New Obama care MEDICAL Coverage bill. Review> 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. You won't see it printed out on your purchase receipts for those items listed at stores but it will raise your total cost. It's included in there. Cabela's has chosen to show it as a NEW levied tax on your purchases so people will become aware of it.
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