A Conservative View

Praying that Donald Trump can save Americas freedoms!

Archive for the tag “new taxes”

MEDICAL DEVICE TAX INCREASES – WOW!

Did you know OBAMACARE created a new tax on medical devices? Something you may not know is what medical devices are included in the new tax.

This 2.3% Medical Excise Tax that began on January 1st was designed to be “hidden” from the consumer. You can find this by visiting the IRS’s website.

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.

Go to http://www.irs.gov/publications/p510/ch05.html and click on “Chapter 5 of IRS Publication 510.” Look for “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.

We have definitely been screwed again by Congress. Anyone who believes that the Affordable Care Act is just about health care is a moron. The deeper you dig it is nothing more than a bill stuffed full a whole lot of taxes that most Americans are not aware of.

Remember what Nancy Pelosi said…….”We have to pass it to see what is in it”. What is next? We will find out as time goes by what other covert fate awaits us as the liberal Congressmen who approved this and the media has no interest in exposing this monstrasity. WHY?

Thanks for sharing these facts Ray.

WAKE UP AMERICA!

C Brewer

OBAMACARE SURPRISE – HOME SALES TAX – BEGINS 2013

If you don’t already know this…it’s in the health care mandate! When does your home become part of your health care? After 2012! Your vote counts big time in 2012, make sure you and all your friends and family know about this!

HOME SALES TAX I thought you might find this interesting.

The National Association of Realtors is all over this and working to get it repealed, — before it takes effect. But, I am very pleased we aren’t the only ones who know about this ploy to steal billions from unsuspecting homeowners. How many realtors do you think will vote Democratic in 2012?

Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?

That’s $3,800 on a $100,000 home, etc. When did this happen? It’s in the health care bill, — and it goes into effect in 2013. Why 2013? Could it be so that it doesn’t come to light until after the 2012 elections? So, this is ‘change you can believe in’? Under the new health care bill all real estate transactions will be subject to a 3.8% sales tax. If you sell a $400,000 home, there will be a $15,200 tax. This bill is set to screw the retiring generation, — who often downsize their homes.

Does this make your November, 2012 vote more important? Oh, you weren’t aware that this was in the ObamaCare bill? Guess what; you aren’t alone! There are more than a few members of Congress that weren’t aware of it either.

You can check this out for yourself at:

http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home

I hope you forward this to every single person you know.

Thanks Ray

Post Navigation