Obamacare's Taxes on Dental Braces Setting In
Jan 19, 2013 15:21:34 GMT -5
Post by PrisonerOfHope on Jan 19, 2013 15:21:34 GMT -5
Obamacare's Taxes on Dental Braces Setting In
From Americans for Tax Reform:
Yet another hidden tax of government.As just one example, below are some of the taxes that will impact the purchase of dental braces:
Obamacare Medical Device Tax: As of Jan.1, Obamacare imposes a new tax of 2.3 percent on medical device manufacturers, including those who make dental braces. The tax is imposed on gross sales -- even if the company does not earn a profit in a given year. While the tax will be paid to the IRS by the manufacturer, the tax will be passed along as a higher cost of the product, ultimately to be borne by the parent buying the braces for their child. With the cost of braces being as high as $7,625 this new tax could raise the cost of these braces by $175.
Read more at www.reagancoalition.com/articles/2013/20130115007-obamacare-braces.html#uRA8tTADw7tQ04u0.99
From Americans for Tax Reform:
Yet another hidden tax of government.As just one example, below are some of the taxes that will impact the purchase of dental braces:
Obamacare Medical Device Tax: As of Jan.1, Obamacare imposes a new tax of 2.3 percent on medical device manufacturers, including those who make dental braces. The tax is imposed on gross sales -- even if the company does not earn a profit in a given year. While the tax will be paid to the IRS by the manufacturer, the tax will be passed along as a higher cost of the product, ultimately to be borne by the parent buying the braces for their child. With the cost of braces being as high as $7,625 this new tax could raise the cost of these braces by $175.
Read more at www.reagancoalition.com/articles/2013/20130115007-obamacare-braces.html#uRA8tTADw7tQ04u0.99
