July 15, 2013 | |
Medical Excise Tax on Retail Receipts This is an image of a sales receipt from Cabela's, a popular sporting goods store. |
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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. Now being skeptical of this I went to the IRS website and found this! A1. Section 4191 of the Internal Revenue Code 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 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. Please pass this on. I am still incredulous that this can go on. Where is our press? I guess it’s just like Nancy Pelosi said…….We have to pass it to see what is in it. What is next? What else is there we do not know about? I am sick to death about our government……all of them!!!!!! |
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