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  • #31
    Re: Fed shutdown

    Originally posted by Frankiarmz View Post
    I got this in an email. I had heard about a special tax on medical devices, but nothing along these lines. I'm not sure if it is accurate, just wondering if anyone knows more about this?



    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.



    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 Chapter Five Publication 510 (07/2012), Excise Taxes

    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;

    Arrow shafts;

    Coal;

    Taxable tires;

    Gas guzzler automobiles; and

    Vaccines.



    I NEVER KNEW THAT A TIRE IS A MEDICAL DEVICE

    Very interesting, and disturbing if as you have shown its true.

    So I went to Cabellas site, and I placed an order for some shotgun shells, and I didn't see the tax shown nor could I find anything on their site about it. I cancelled the order as I have plenty of shells to last me through this Falls' activities. Then I went back and noticed that the list frank provided in an email he got from somewhere (not your fault Frank but suspecious right out of the box) only included fishing related sporting goods, not hunting or shooting gear, which I find strange. Makes me doubt the validity of the email (not you Frank, the email you received and posted here).


    Q: Does the health care law contain a “hidden” tax on hunting and fishing equipment?
    A: No. There is a 2.3 percent excise tax on certain medical devices. Cabela’s, a Nebraska sporting goods company, applied the tax to some of its customers’ purchases by mistake.

    Turns out that what it is is that Cabellas incorrectly applied the tax to some customers purchases by mistake.

    http://www.factcheck.org/2013/09/cab...l-tax-mistake/

    The full story can be had at the above link.
    Last edited by Bob D.; 10-02-2013, 03:11 PM.
    "When we build let us think we build forever. Let it not be for present delight nor for present use alone. Let it be such work that our descendants will thank us for, and let us think, as we lay stone upon stone, that a time is to come when these stones will be held sacred because our hands have touched them, and that men will say, as they look upon the labor and wrought substance of them, "See! This our fathers did for us."
    John Ruskin (1819 - 1900)

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    • #32
      Re: Fed shutdown

      Hope this helps you out Franki.

      snopes.com: Medical Device Excise Tax

      Comment


      • #33
        Re: Fed shutdown

        Thanks guys. I added a correction to my original post just minutes before the two right above. I purposely kept the post because I want other Forum members to see it and be forewarned. I expect there will be a lot of misinformation regarding the healthcare law. I know for a fact it will cost me and millions of others a lot more going forward. Someone must pay for those who cannot or do not pay taxes and are entitled to healthcare in addition to housing, food, and much more. I still think unless there are drastic changes to our economy in the form of paying down the debt, responsible spending and full time, good paying jobs, we are just delaying a collapse.

        I wanted to add that the email I received was from my cousin who lives in FL and is an avid hunter. I'm pretty sure he copied it from some sport forum of some kind.

        Comment


        • #34
          Re: Fed shutdown

          Originally posted by rofl View Post
          As long as people think the opposing viewpoints belong to "bums" there will never be cooperation.

          Sorry, racist bums LOL
          sigpic

          Comment


          • #35
            Re: Fed shutdown

            That's OK. There are names for guys like you too.

            Comment


            • #36
              Re: Fed shutdown

              Brilliant, insightful, self effacing
              sigpic

              Comment


              • #37
                Re: Fed shutdown

                Originally posted by NHMaster3015 View Post
                Brilliant, insightful, self effacing
                "Effacing", heck that ain't even a real word Here I am trying to bring harmony to the Forum and you're stirring the pot. You don't see me posting inflammatory comments.

                Comment


                • #38
                  Re: Fed shutdown

                  Originally posted by Frankiarmz View Post
                  Here I am trying to bring harmony to the Forum and you're stirring the pot. You don't see me posting inflammatory comments.

                  That's what we need there Frank, maybe you could run for office and spread that around.

                  FRANKIE FOR CONGRESS IN 2014!

                  Did I get the party color right?

                  CWS

                  Comment


                  • #39
                    Re: Fed shutdown

                    Originally posted by NHMaster3015 View Post
                    Brilliant, insightful, self effacing
                    Yeah......I think we already knew what you thought about yourself.

                    And I love humor and sarcasm, but I think you just come across as an arrogant a-hole when you insult others and just try to be all cutesy about it. It's sad that that you blanket judge others but maybe that's because you are so stereotypical yourself.

                    Comment


                    • #40
                      Re: Fed shutdown

                      Originally posted by CWSmith View Post
                      That's what we need there Frank, maybe you could run for office and spread that around.

                      FRANKIE FOR CONGRESS IN 2014!

                      Did I get the party color right?

                      CWS
                      Communist? Let's just leave it with the lobbyists willing to fork over the most incentive. I would have power, wealth, impunity. Nah, I told you my opinions don't fit either party but you still don't believe me. When will you guys admit neither party is representing the good of America or the people? They both allowed it to get this far! Think for yourselves!

                      Comment


                      • #41
                        Re: Fed shutdown

                        Originally posted by rofl View Post
                        Yeah......I think we already knew what you thought about yourself.

                        And I love humor and sarcasm, but I think you just come across as an arrogant a-hole when you insult others and just try to be all cutesy about it. It's sad that that you blanket judge others but maybe that's because you are so stereotypical yourself.
                        Lighten up, NHM is an educator. You know what they say about teachers. I bet he's a Union member, one step away from bieng a commie

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                        • #42
                          Re: Fed shutdown

                          My degree is in math with teaching certification.

                          I never had a class on being dooshy.

                          Comment


                          • #43
                            Re: Fed shutdown

                            Nothing ever comes good when arguing politics

                            Comment


                            • #44
                              Re: Fed shutdown

                              Let's keep it respectful gentlemen.

                              Mark
                              "Somewhere a Village is Missing Twelve Idiots!" - Casey Anthony

                              I never lost a cent on the jobs I didn't get!

                              Comment


                              • #45
                                Re: Fed shutdown

                                We were arguing?

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