InvestorsHub Logo
Followers 1
Posts 45
Boards Moderated 0
Alias Born 02/09/2001

Re: None

Monday, 02/11/2013 7:07:01 PM

Monday, February 11, 2013 7:07:01 PM

Post# of 12232
Here's some more Tea Party Stuff for you, only you can look it up online and it's true.

I couldn't get the image of the Cabela receipt to display, but it breaks the tax down to ~$20 use tax and ~$5 medical use tax.

Medical Excise Tax on Retail Receipts Show How We’re Screwed.

An Infowars reader sent along an image of a sales receipt from Cabela’s, a popular sporting goods store.

The receipt spells out what Obama and the feds want to keep secret – the middle class is being heavily taxed despite all the fatuous rhetoric of Democrats who invariably play the class warfare card to sell their confiscatory taxation policies.

“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.

Source



Now please hold on and bare with me before you say "OH, another Alex Jones article!" because 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 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.

IRS.gov

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

I think we have definately been fooled, if we believe that the Affordable Care Act is all about health

care. It truely 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!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.