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January 19, 2014, 12:05 AM | #1 |
Member In Memoriam
Join Date: March 17, 1999
Posts: 24,383
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Cabela's and Obamacare tax
Maybe this has been posted elsewhere, but I haven't seen it, so I will post it here.
Here is a case where an error, plus misinformation, plus dislike of our adorable president add up to silliness. Yes, an excise tax has been put on some medical devices to help fund Obamacare, but Cabela's doesn't sell any of them. Cabela’s screwed up the settings on their off-the-shelf software and erroneously identified the normal and long standing excise tax on hunting and fishing equipment as the medical equipment excise tax. (An excise tax is a tax imposed on certain goods that is collected from the manufacturer or importer*; it is normally passed on to the customer as part of the price of the product, though AFAIK there is no law prohibiting showing it on the customer’s receipt. The problem may be that if it is already included in the price of the product, the customer is being charged twice for the same tax.) Here is the scoop from Snopes: http://www.snopes.com/politics/taxes/medicaldevice.asp *The nonsense about taxing the big corporations is just another lie. Corporations don’t pay any taxes, not one cent. Ever. Period. They pass the tax on to us. Jim |
January 19, 2014, 04:53 AM | #2 |
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Join Date: June 18, 2004
Location: Minden , Nebraska
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January 19, 2014, 10:01 PM | #3 | |
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Join Date: December 17, 2007
Location: SOUTHEAST, OHIO
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January 19, 2014, 10:30 PM | #4 | |
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Join Date: July 30, 2010
Posts: 857
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Quote:
Ultimately, the consumer always pays the overhead - not the corporation. This is like food stamps are "free from the government." |
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January 20, 2014, 08:50 PM | #5 |
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Join Date: July 14, 2013
Posts: 231
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Of course they pass it on to customers. They pass on input and labor increases as well. I wish the whole country understood this, but business/economic classes for the masses in general education don't do a good job of teaching them something that sticks.
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