Medical Excise Tax on Retail Receipts—fooled again!!!

THIS IS AN EMAIL THAT NEEDS TO BE SHARED WITH THOSE OF US WHO ARE UNAWARE. [I AM NOT THE WRITER OF THIS EMAIL–eadzerkle]

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,”.

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://www.irs.gov/uac/Medical-Device-Excise-Tax:-Frequently-Asked-Questions> Chapter Five http://www.irs.gov/publications/p510/ch05.html

So being more curious I clicked on “Chapter 5 of IRS Publication 510” And WALLAH! What do I find under “MEDICAL DEVICES” under “MANUFACTURERS TAXES”?
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, broadheads, and points;
Arrow shafts;
Coal;
Taxable tires;
Gas guzzler automobiles; and
Vaccines.
IRS.gov <http://www.irs.gov/pub/irs-pdf/p510.pdf>

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!

OBAMA lied to us ???? why should I be surprised about that.  All I have heard about is that taxes on medical items would hurt some of those industries and now we find out the true extent of the deception. Will it never end?

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3 thoughts on “Medical Excise Tax on Retail Receipts—fooled again!!!

  1. Whoa there, big fella! “A companywide glitch in Cabela’s cash register system that added a 2.3 percent “Medical Excise Tax” to customers’ purchases — everything from boots to bullets — was an error and will be refunded, a company spokesman said Monday. The error was limited to transactions that occurred Jan. 1 and was caught that same day… ”

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    • Hey “big fellas!” Just wanted to thank you for commenting on this post. As to whether or not my readers get excited or not, they should be made aware of the extra taxes being paid on certain items. I’m sure that Cabela’s fixed the error [that tax should have been hidden and not for customer scrutiny]. That being said…it doesn’t mean that the tax doesn’t exist. Make sure to check your receipts on future purchases and compare them to the tax percentage paid on previous purchases to see if it has increased. The administration doesn’t want it’s citizens completely aware of all the items being taxed under the medical excise tax bill. As we all should know by now….they want to keep us in the dark and feed us bullshit!

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