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 has 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 buried in Obamacare.
Now, being sceptical 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.
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, broadheads, and points;
Gas guzzler automobiles; and
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 become aware of.
The best thing we can do is contact our representative in Congress and tell him/her to repeal or reform the Affordable Care Act.