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#1 (permalink) |
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Hall of Famer
Join Date: Nov 2004
Posts: 4,495
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Excise Tax On Tanning Beds in Pelosi's Healthcare Bill
Sec. 552: Small Medical Device Companies Hit with Massive Tax Under Speaker Pelosi’s health care bill, medical device makers would pay a 2.5% excise tax on sales of their products, roughly ninety percent of whom are small businesses. The Medical Device Manufacturers Association estimates the cost to their industry would exceed $20 billion over 10 years.
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#5 (permalink) | |
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Hall of Famer
Join Date: Nov 2004
Posts: 4,495
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Quote:
Poof. |
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#9 (permalink) |
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Moderator
Join Date: Nov 2005
Posts: 2,460
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Our goverment is like a snowball rolling down hill. It just keeps getting bigger & bigger. And all it does is spend/waste money. In the next generation or two every single thing will have a excise tax on it in order to fund the goverment.
Heck, when you think about it, everything already does. with the taxes on the shipping and freight industires. Those taxes drive up the cost of everything. They'll find a way to tax air before it's over with. Everyone will be require to wear a breathing meter. You will have to pay someone to read your meter and determine your tax bill for breathing. |
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#10 (permalink) | |
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Hall of Famer
Join Date: Nov 2004
Posts: 4,495
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Quote:
That bill passed the House and is stuck, for the time being, in The Senate. |
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#13 (permalink) |
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Rookie
Join Date: Mar 2009
Posts: 1
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LMFAO, I like the way you think, so we technically have medical devices in our salons, but god forbid we ever make a statement about the benefits of our class I medical devices, whatever the f#^* that means!
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#16 (permalink) |
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Hall of Famer
Join Date: Nov 2004
Posts: 4,495
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The Senate Bill is approved for debate (60 Dems only voted for it.) The bill could die during debate.
A vote on the Senate bill could possibly happen by Christmas, more likely early next year. If The Senate version passes, then the House and Senate versions go to a joint conference committee where the real sausage is made. Then the House and the Senate have to both pass the fresh sausage and send it to Obama for his signature. Many ways to kill the bill. Have Hope that, somehow, it dies. Last edited by Ezliving_Jim; 24th November 2009 at 02:53 AM.. |
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#17 (permalink) |
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Hall of Famer
Join Date: Nov 2004
Posts: 4,495
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If you are interested in reading the Senate Bill: http://finance.senate.gov/sitepages/...e-care-act.pdf
Put on a pot of coffee. Its 2074 pages. |
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#18 (permalink) | ||
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Hall of Famer
Join Date: Nov 2004
Posts: 2,919
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They lowered it from $4 Billion to $2 Billion a year.
Quote:
Quote:
__________________
John Hayes Ultraviolet Resources International |
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#19 (permalink) |
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Hall of Famer
Join Date: Feb 2007
Posts: 1,169
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Interesting trick to keep it under a TRILLION dollars, they start collecting revenue in 2010, but do not impliment (sp) the bill till 2013. Thus allowing 10 yrs of rev. and only 7 yrs of expense. Real cost for 10 yrs......about 2 trill. but hey remember when a billion was big money. We should try their tricks w/our taxes and bus., see what happens.
I am printing t-shirts "I told you so" we are spending money our unborn grandkids have not made. |
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