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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Cheesecake Factory CEO: Obamacare Will Be "Very Costly"

Now that the elite media helped put their man in office for another four years, they're able to let some truth about Obamacare be revealed.  Prior to the election they refused to discuss the reality of the government's takeover of the health care industry because it had the potential to hurt the president.  With the fate of the law sealed, there's no longer extreme consequences to hiding the truth.  Earlier this week on CBS, Cheesecake Factory CEO weighed in on the law, stating how it would be "very costly."

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159-Pages Define New Obamacare Taxes

We reported earlier this week that new Obamacare rules were released in the standard Friday document dump that outlined how the law forces insurance companies to pay for the monstrisity.  The IRS has now released new rules for investment income taxes on capital gains and dividends on high-income earners.  Again, Obamacare seeks to punish the wealthy as a way to pay for the bill, which has a number of side effects, considering that a millionaire and billionaire is defined as earning more than $200,000 per year by Obama.

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