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Many Americans seeing Medical Excise Tax sticker shock as OBAMACARE costs kick in

In Uncategorized on January 2, 2013 at 7:24 AM

It is true! Many Bradley Countians as well as many Americans are starting to see a new tax being applied to the purchase of many products to include medical devices as well as items that you would not think would be categorized as medical devices.

When the Medical Device Tax started hitting the retail stores yesterday, January 1, 2013, people began scratching their heads at the new tax at the bottom of their reciept of 2.3 percent. “I didn’t buy a medical device, I bought Q tips, a fishing rod and some ammo for my Ruger and I got taxed an additional 2.3 percent.” One consumer was overheard saying at the checkout counter recently.

Congress recently voted to tweak the bill because the bill came across as purely another retail tax. The ever encompassing IRS code and FDA labeling codes are what is driving the hordes of extra items categorized as “medical devices.”

When I think of medical devices I think of splints, stents, prosthetic hips and walkers. The IRS and our Federal Government sees “medical devices” as fishing rods, bows and arrows, ammo, Q tips and gas guzzling cars.

The new medical device tax started yesterday will be one of many planned taxes, that will take precious income away from many hard working Americans and place it into the US Treasuries pockets and assorted other coffers to assist in funding the dreaded unconstitutional, socialistic OBAMACARE Healthcare system.

The medical device tax is expected to raise upward of 40 billion dollars every decade to offset the cost of providing care for the influx of 30 to 40 million presently uninsured Americans.

As the OBAMACARE health system is fully implemented in 2014 with it’s many non restraints such as the unlimited pre existing provision, costs are expected to sore into the 100s of millions perhaps trillions some analysts say, over the next decade. This will leave many unemployed, broke and desolate, looking for government handout
to just survive in the environment the fake president has directed us with his hugely expensive healthcare tax.

Aside from the cost to us, our grandchildren and their grandchildren extensive job loss will be a fallout, numerous “medical device companies” closed, pack up and move overseas via outsourcing or simply close their doors.

The medical device industry employs around 420,000 state side
and millions world wide. Analysts are predicting a loss of 42,000 jobs in the first year as Americans begin to find out what items are taxes heavily and begin to dodge the tax and many companies that may only see a 2 to 3 percent profit margin will simply have to shut the doors.

Some say, just don’t label your products as medical devices and avoid the tax, well the IRS and the Feds have that covered also. If a company attempts to avoid the excise tax which to date has very loose guidelines as to what a medical device is will be faced with up to 10,000 dollars, more likely a daily fine of
1,000 dollars a day for trying to manipulate the system to their benefit.

The death spiral of our economy is just beginning and with each new tax the Senate, Congress and this fake president pile up on we are one step closer to the socialist utopia many of our elected and nonelected bureaucrats have been trying so hard to create.

Our present tax structure will be dim by comparison to the one that is coming in the next decade. I have often joked that eventually the government will receive 100 percent or more
Of my paycheck just as the Cloward-Piven strategists have predicted. Overload and overwhelm our economic system and you will have created a socialist America with Communistic overtones.

Please continue to read the links below directly from the IRS website. What you will not see in most cases is strictly medical devices but an array of assorted retail items and that list is only expected to grow as the extra capital is needed to fund OBAMACARE. what you will not see directly, but you will see higher prices for the products you purchase daily, is the import/export taxes and the extra taxes on manufacturers up to 10 to 12 percent just to make “medical devices!”

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.

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.

http://www.irs.gov/uac/Medical-Device-Excise-Tax:-Frequently-Asked-Questions

http://www.natlawreview.com/article/excise-tax-kicks-jan-1-certain-medical-devices

http://beforeitsnews.com/gadgets/2012/12/the-diabolical-medical-device-excise-tax-2443956.html

http://news.yahoo.com/analysis-medtech-companies-face-job-cuts-excise-tax-190739057–finance.html

http://m.mddionline.com/node/9528

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  1. Bet you thought this would not happen?….Well here it is!
    In all it’s glory.

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  2. a small price to pay for uninsured! or maybe you think we should just let them die?!!
    ! and if not just let them die….where should an American go for medical attention? not all jobs have insurance attached!!!

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    • Thanks for your reply! Thinking this “small tax” of 2.3 percent us all you will see, you are mistaken. We have more than 20 slated for this year alone with many more through 2017. We have been accumulating taxes since 2008 to pay for this costly OBAMACARE TAX! I would suggest you go to a Doctor or practitioner as we all do for our healthcare. I am a health care professional and carry “pretty good insurance” but to afford the monthly premium of near 800 dollars a month and that may double by years end, I have to go with a 5,000 dollar deductible which leaves me setting up
      Payments for my care. Having a job and having insurance does not make you wealthy or above the fray. I now am facing a premium of near 2,000 dollars a month because I have been mandated by the federal government to purchase insurance then pay “my share” of new taxes for people who do not have health insurance is an absurd concept. Add to that 2 or 3 percent here and there over a 10 year period and pretty soon I’m broke but working 40 hours a
      Week and can’t feed my family or provide a place for them to live. Now tell me who is paying a small price! I’m sure not!

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  4. This is great Congress and the IRS have created a huge Unintended Consequence. If I buy a $100,000 gas guzzler and it is considered a Medical Device Per IRS Code then I should be able to take a Medical Deduction of $100,000 less 10% of my Adjusted Gross Income.

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  5. The listing is for MANUFACTURER TAXES, which has nothing to do with the Medical Excise Tax. They are just part of the same section. They have been taxing arrow shafts for years. Also – this is not a retail tax, you should not see it on a receipt. If you do, you’re being scammed.

    See Page 2 of Publication 510 – Affordable Care Act. The Affordable Care Act (Public Law 111-148, amended by Public Law 111-152) (the “Act”) was enacted on March 23, 2010. It contains some tax provisions that are in effect and more that will be implemented during the next several years. The following Act provisions involve excise taxes, and fees that are treated as excise taxes.Medical device excise tax.The Act imposes a 2.3 percent excise tax on the sale of certain medical devices by the manufacturer, producer, or importer of the device. The tax applies to sales of taxable medical devices after December 31, 2012.Patientcentered outcomes research fee. The Act imposes fees on issuers of certain health insurance policies and plan sponsors of certain self-insured health plans to help fund the Patient-Centered Outcomes Research Institute. The fees, re-ported on Form 720 and paid annually, are based on the average number of lives covered under the policy or plan. The fees apply to certain health insurance policies and certain self-insured health plans with policy or plan years ending on or after October 1, 2012, and before October 1, 2019.

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    • Bad info is up to our interpretation, you know that better than any other perhaps. A 2.3 percent tax is a 2.3 percent tax. A manufacturing tax of 10 to 12 percent is a tax of 10 to 12 percent. I have since talked to one of the gentlemen with the reciept that was charged a medical excise tax in Texas. He said the tax was charged to him and he paid it and when he paid for it they said it was to help pay for Obamacare. His incident was one of many across the US. Since then, his money had been returned with an apology. They said the manufacturing codes through their accounting records rang him up as a medical device tax because of the loose guidelines by the FDA and the IRS. By their own admission, they can’t define exactly what is a medical device because of the many different codes that can apply to so many things imported and manufactured it leaves many to interpret the way they want or how best to benefit the company, which would be to avoid the tax all together or pass it along to the consumer. The relevance of your assertion that my blog was flawed is real easy to cast now that many facts are available several days later. As you know, Congress may repeal this and had the bill tweaked because it appeared as a direct tax placed on the consumer at the point of service to start on January 1, 2013. In fact as Congress attempted to avoid a direct tax. The tax bill as written was started on January 1 and was being collected day 1 in the form of a retail tax to many people the first day the bill was set to start. My quick blog based on many emails and face book requests to do so from within and without the Tea Party circle which by the ways encompasses millions who are weary of our gvt and are using me to inform those millions. I was actually informed of this tax being applied to consumers on day 1 but because of my personal schedule I was not able to get this out till the morning of Day 2.  About 30,000 people in a 24 hour period read my blog and shared it hundreds of times probably reaching about 100,000 other people overnight all reacting and calling their representatives and guess what. The overwhelming response it was a mistake by the “retailers” . I am not as trusting of gvt as you may be and I saw it as perhaps an attempt to see if we were sleeping and we weren’t! We caught it very quickly an perhaps shut it down and making it a
      Topic of discussion in most any venue I walk in to. Many did not know about this tax, directly or not, now they do and now they are questioning the legitimacy of it as well as about 20 others “we as a whole don’t know about. Do you really think this
      Tax will be repealed and I can say with very little doubt that our federal gvt has ever repealed a tax after it got started. Ed, you are an honorable man and I support you, but please reserve judgement till you know all the facts. I witheld the above facts thinking that you were leaning that way, was hoping you wouldnt but your curiosity got the best of you. I don’t apologize  for holding government accountable and I have a heavy desire to hold all accountable at any level if I do not like how they perform. It used to be admirable to do so many years ago now it’s easy fodder because how could I be right if I’m speaking out against waste and taxes as many of my forefathers did so before me. Thanks for your rebuttal Ed, believe me I respect it. My advice is, and believe me you can cover it up with dirt if you choose, but try and support some of the projects we undertake in Bradley County and across the state, it will make it more palatable to your self and those you influence. Choosing to stand and fight tyranny is the hard course, to stand with others and scoff…….that’s easy and leaves many empty spiritually. I am a good man, a great father and an even better husband and a fierce patriot. It’s not easy being in my shoes, it’s easy to stand and watch, why do you think so many do it!  I chose to be here and believe me I get a huge charge out of a fierce debate. It’s in my DNA so to speak. I hope this helps explain my position. I wrote the blog in real time, if I wrote it today or tomorrow, yes it may contain a bit different arrangement of words, but remember I was reporting as it was happening, just as everyone said It wouldn’t. The tax was being taken out at the retail level and that’s a fact and I responded quickly with my own rebuttal with my blog “sticker shock” meaning many are dismayed at the new tax being applied at the retail level. Does that reflect the truth at the time?  Of course it does!  And also remember I have been right a whole lot more than I have been wrong. That makes me sleep well at night. God bless Ed and thank you for your time in service and it’s  greatly appreciated…….most of the time. That was a joke!!!! Haha!

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  6. Geeze what a bunch of idiot sheep you people are! If you’d spent ten seconds on this you would have found that Cabela’s had new software that erroneously made those charges. Cabela’s admitted the problem. Look it up!

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    • Thanks for your reply Ed. Please read my previous reply. This was reported in real time as it was happening. And in fact it did happen and what is more concerning is several retail stores had the software set up to post the medical excise tax and the cashier claiming it was to pay for Obamacare. Not many folks are asking that question. Have a great day and as always a pleasure.

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    • I bet we can all agree that if Cabelas had software that charged this excise tax,to “pay for OBAMACARE”, expressed by it’s cashiers, day one, I bet we can all agree that a computer cannot think for itself, and a real live person put the program into action, perhaps hoping noone noticed. One person made the discovery, made the noise to report it and wallah, you have discovery!

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