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Welcome to Obamacare: Yet, Another Tax That Has Been Heaped on You Effective Jan. 1, 2013

Published: January 3, 2013
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Source: Economic Policy Journal

 

Welcome to Obamacare: Yet, Another Tax That Has Been Heaped on You Effective Jan. 1, 2013 321265 10151193725967596 357772769 n

For the record:

Section 4191 of the Internal Revenue Code now imposes an excise tax on the sale of certain medical devices.

The tax applies to sales of taxable medical devices after Dec. 31, 2012.

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



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