IRS Finalizes New Obamacare Tax for Medical Device Makers
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- Created on Monday, 10 December 2012 08:11
- Written by Cliff Levine
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.