IRS Finalizes New Obamacare Tax for Medical Device Makers

As Obamacare continues to get implemented, new taxes and regulations are around every corner.  Each tax and regulation has a far-reaching impact because associated costs will get passed on to consumers, as has already been evidenced by actions from Papa John's and Denny's.  Last week, the IRS finalized the new 2.3% Obamacare tax for medical device makers on their gross sales.  This hits every device maker, ranging from small businesses to large corporations. Its impact will be significant.

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