P@triot
Diamond Member
Heritage Foundation investigative reporter Lachlan Markay wrote a story recently that got people upset. The IRS recently ruled that some of the common devices used in veterinary offices will be hit be hit by Obamacares 2.3 percent device tax. In response, many of the manufacturers are expected to raise their prices, which will raise pet care costs for concerned owners.
A survey in January 2012 showed that more than half of 181 manufactures of medical devices said they would pass some or all of the tax on to their customers. Among manufacturers here in North America, that number was even higher58 percent. According to the American Pet Products Association, Americans spent over $13.5 billion on veterinary care in 2012. This could rise under Obamacare.
The tax will not affect veterinary equipment that is used exclusively for treating animals. However, several medical devices are used in both doctors and veterinary offices, and these are subject to the tax.
Fluffy and Fido May Have to Pay for Obamacare Too | myHeritage
A survey in January 2012 showed that more than half of 181 manufactures of medical devices said they would pass some or all of the tax on to their customers. Among manufacturers here in North America, that number was even higher58 percent. According to the American Pet Products Association, Americans spent over $13.5 billion on veterinary care in 2012. This could rise under Obamacare.
The tax will not affect veterinary equipment that is used exclusively for treating animals. However, several medical devices are used in both doctors and veterinary offices, and these are subject to the tax.
Fluffy and Fido May Have to Pay for Obamacare Too | myHeritage