I was just reading the text of the proposed changes to the Healthcare reform bill. Hidden in the middle of dozens of pages is this gem:
IN GENERAL.—There is hereby imposed on the sale of any taxable medical device by the manufacturer, producer, or importer a tax equal to 2.9 percent of the price for which so sold.
Well guess what, people – Mr. Obama & company may have backed off on the 10% cosmetic surgery tax, but he’s still sticking it to you with a 2.9% tax on implants and surgical supplies.
That’s in addition to the additional 3.9% tax you’ll be paying for any investment income. So, if you invested and “saved your pennies” like an honest, hard-working American, you might be penalized up to 6.8% for your cosmetic surgery!
This tax also would apply to pacemakers, stents, heart valves, cataract lenses, artificial hip & knee implants, motorized wheelchairs, and implantable defibrillators. As if these things weren’t expensive enough!
It’s the “Son-of-Bo-tax”. Boo!!!