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#3065762 - 12/06/12 07:53 AM Affordable Care is on the Way!
de novo
10 Point


Registered: 07/21/08
Posts: 4032
Loc: Middle TN

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New Obamacare taxes start January 1. One of the more interesting and vague is the medical device tax.
According to the article common medical items like tongue depressors will be included. So as part of the Affordable Care Act you can count on medical, dental, PT, OT, chiropracter, etc. prices to increase in the near future.

Any other industry have a tax on gross sales?

The 2.3-percent tax must be paid, effective after December 31, by device-makers on their gross sales. The tax is expected to raise $29 billion in government revenues through 2022.

Companies including Boston Scientific Corp, 3M Co and Kimberly-Clark Corp have been lobbying the U.S. Congress for a repeal of the tax.

A repeal bill passed the Republican-controlled U.S. House of Representatives in June, but it has not been voted on by the Democratic-controlled Senate.

Many medical devices that are sold over-the-counter - such eyeglasses, contact lenses and hearing aids - are exempt from the tax, as are prosthetics, the IRS said.

The tax applies mostly to devices used and implanted by medical professionals, including items as complex as pacemakers or as simple as tongue depressors



http://www.reuters.com/article/2012/12/05/us-usa-tax-irs-idUSBRE8B41GW20121205
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#3065767 - 12/06/12 08:00 AM Re: Affordable Care is on the Way! [Re: de novo]
Wildcat
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Registered: 06/10/00
Posts: 42649
Loc: Western Ky.

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Not to worry about those taxes.

The raise will be passed on to the customer like ALL taxes are.
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Obama, “the very danger the Constitution was designed to avoid." Liberal law professor Jonathan Turley.




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#3065822 - 12/06/12 08:38 AM Re: Affordable Care is on the Way! [Re: Wildcat]
de novo
10 Point


Registered: 07/21/08
Posts: 4032
Loc: Middle TN

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Insurance companies have a limit on what they will pay. If the insurance companies do not increase these allowances then many providers will stop taking the insurance. Consumers will get hit with this increase or will receive cheaper, inferior medical products.

This tax will likely move more jobs overseas in an effort to avoid it.
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“Reality is what continues to exist whether you believe in it or not.” 

“The further a society drifts from truth the more it will hate those who speak it.”

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#3065856 - 12/06/12 08:55 AM Re: Affordable Care is on the Way! [Re: de novo]
Pic IN the Casa
TurdFarmer2.0
16 Point


Registered: 03/18/11
Posts: 10072
Loc: TN

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And still most of our population thinks this is all about the gubment taking care of us. When in reality it is about them taking control of us.
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#3065971 - 12/06/12 10:18 AM Re: Affordable Care is on the Way! [Re: Pic IN the Casa]
huntinkev
8 Point


Registered: 11/23/06
Posts: 1649
Loc: East Tenn

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and this is supposed to give us "better" health care.
I Don't Think So.

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#3066053 - 12/06/12 11:13 AM Re: Affordable Care is on the Way! [Re: huntinkev]
Hoss
TnDeer Old Timer
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Registered: 02/14/00
Posts: 1474
Loc: Hendersonville , TN

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I think they will have to ask you how much money you make, before they bill you for it, right? They cannot raise taxes on anyone who makes less than $250,000 per year, right? Right? I mean The President Said..... The internet said.... if its on the internet it has to be right.... Right???

I'm so confused!!
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#3066074 - 12/06/12 11:31 AM Re: Affordable Care is on the Way! [Re: de novo]
Wes Parrish
16 Point


Registered: 06/12/02
Posts: 19450
Loc: Knoxville-Dover-Union City, TN

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 Originally Posted By: de novo
Consumers will get hit with this increase or will receive cheaper, inferior medical products.
WRONG!
Consumers will get hit with this increase AND receive inferior medical products.

 Originally Posted By: de novo
This tax will likely move more jobs overseas in an effort to avoid it.
Wrong again!
There is no "likely" to it.
There is currently a MASS EXODUS of U.S. companies overseas, and the primary cause of this "hit" on our economy can now solidly be blamed on ObamaCare more than any other factor.

Have you ever noticed how the quality control of anything "Made in China" just isn't even close to U.S. manufacturing standards?
How would you like for your pacemaker to be "Made in China"?

There is a difference between "affordable" and "worthless".
But the true reality is that ObamaCare is more expensive and worth less than pre-ObamaCare.

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#3066093 - 12/06/12 11:42 AM Re: Affordable Care is on the Way! [Re: Hoss]
Wes Parrish
16 Point


Registered: 06/12/02
Posts: 19450
Loc: Knoxville-Dover-Union City, TN

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 Originally Posted By: Hoss
They cannot raise taxes on anyone who makes less than $250,000 per year, right? Right?

Should history get reported correctly, it will show that the Obama Presidency produced the highest increase of taxes on Middle America in perhaps over 100 years.

The operative word is "taxes" rather than simply referring to "income taxes". Worse, most of the taxes are "hidden" from easy view by most Americans (who don't take the initiative to look). ObamaCare is full of a myriad of "hidden" taxes, even on real estate.

And although not considered a "tax", it's certainly "taxing" to be suffering from lower wages, something that's being produced by the Obama Economy. Average wages for Middle Class Americans have gone down under Obama, while inflation has crept up.

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#3066150 - 12/06/12 12:17 PM Re: Affordable Care is on the Way! [Re: Wes Parrish]
Rebel
TnDeer Old Timer
12 Point


Registered: 03/16/99
Posts: 5392
Loc: East Tennessee USA

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my pay has gone down 3 times in the past 4 years.
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#3066263 - 12/06/12 01:25 PM Re: Affordable Care is on the Way! [Re: Wildcat]
Wes Parrish
16 Point


Registered: 06/12/02
Posts: 19450
Loc: Knoxville-Dover-Union City, TN

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 Originally Posted By: Wildcat
Not to worry about those taxes.

The raise will be passed on to the customer like ALL taxes are.

That is ALWAYS true that corporations don't pay taxes, as in reality, the taxes they pay are then added to the price of their products, i.e. the consumer always pays the taxes government levies on corporations.

It's actually an easy way for the federal government to dupe an ignorant populace. Simply villainize "big corporations", get the populace wanting to "punish" them, then raise the taxes on those big, evil corporations. Only problem is we all end up paying those taxes as individual consumers, and it doesn't matter whether we're financially poor, or rich, we pay the tax increases.

It's been so easy for the Obama administration to con the poor into taxing themselves under the guise of taxing those big, evil corporations. Speaking of which, any of you smoke? Cigarette taxes gone up since Obama became President? That alone has been a huge tax increase on approximately half of America's lowest-income segment where many of the working poor now pay more in cigarette taxes than they ever paid in income taxes under the Bush Presidency.

Not that some big companies aren't evil, but we're cutting our noses to spite our faces when we raise taxes on companies. Corporate taxes are paid by the consumers who buy the products.

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