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    Home»Interesting News»Welcome to Obamacare: New Tax Code Effective In Stores
    Interesting News

    Welcome to Obamacare: New Tax Code Effective In Stores

    By mediahitmanJanuary 4, 2013Updated:January 4, 2013No Comments1 Min Read
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    321265_10151193725967596_357772769_nEconomic Policy Journal

    (Click To Enlarge Photo)

    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

    Excise Tax Healthcare IRS Medical Devices Obama ObamaCare tax Taxes
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