What the hell is Medical Excise Tax?!? I need an explanation.—
SunBorn Immaculate (@Sun_Immaculate) January 03, 2013
Remember how we were all assured that we’d love Obamacare once we found out what was in it? People are already noticing shrinking paychecks, and with 2013 only three days old, people are already turning to Snopes.com — a site dedicated to debunking urban legends — to make sense of the country’s new Medical Excise Tax.
What now? We thought that only “the rich” were going to be paying more in taxes.
check you store receipts for your new "Medical Excise Tax"—
according to Amy (@Amyloukingery) January 03, 2013
"Medical excise tax" showing up on receipts … I'll only be purchasing bare necessities from now on.—
Christine (@ineedaname13) January 02, 2013
Has anyone had a chance to buy something that required the new medical excise tax yet? Yard sales are looking better & better these days.—
ReggieP (@Queen2Five) January 03, 2013
The Medical Excise Tax is real, and it kicked in Jan. 1. In short, it’s a 2.3 percent tax on medical devices. There is a retail exemption that covers “devices that are of a type that are generally purchased by the general public at retail for individual use,” as well as exemptions for eyeglasses, contact lenses and hearing aids.
The tax is supposed to be “hidden” from the consumer, but it was brought to the public’s attention when receipts from hunting and fishing store Cabela’s showing the tax as a separate line item went viral.
Cabela’s has since explained that the charge was a “glitch,” and that anyone who believes they were charged incorrectly should see the store for a refund.
On Snopes–Basically, TX retailers CAN line item medical device taxes. But, Cabela's had a "glitch" that charged. Thanks, Obamacare!—
Amanda Carpenter (@amandacarpenter) January 03, 2013
Check all your receipts for any purchase after january1 make sure your not being charged medical excise tax like i was at cabelas for ammo.—
West Valley Citizen (@WVCitizen) January 02, 2013
The “glitch” does, however, demonstrate the confusion that still surrounds Obamacare. The tax is intended to apply to manufacturers and importers and is expected to raise $29 billion over the next 10 years to help pay for Obamacare, but that cost will almost certainly be passed along to the consumer through higher prices.
My dentist just discovered the medical device tax in Obamacare. He didn't think dentistry wld be affected. He will have 2 raise prices now—
Kathleen McKinley (@KatMcKinley) December 29, 2012
So, even though the tax might not show up as a separate line item on your receipt, that doesn’t mean you’re not paying it. And if it does show up on your receipts, it’s probably real, and you should get used to it.
I know the Cabela's "medical excise tax" was an error.
Point: 1.That there is such a tax. 2.Prices going up to cover costs of Obamacare.—
Gretchin (@gretchininTN) January 03, 2013
So what's up with the Medical Device Tax? Obama told me I wouldn't see my taxes go up one cent. Did he lie? —
(@LisainDallas) January 02, 2013
Taxed to death? Is that covered under Obamacare?