IRS finalizes new tax for medical devices in healthcare law

I feel there is an important point to clarify about this article quote: “A repeal bill passed the Republican-controlled U.S. House of Representatives in June, but it has not been voted on by the Democratic-controlled Senate.” That quote is simply tap dancing around the facts. To be completely honest with the masses, the author should have stated the reason WHY the senate did not vote on it. —>Harry Reid shelved that House Bill, it never even saw the light of a committee.

Quietly all the medical device manufacturers are meeting with their lawyers and accountants to devise means of avoiding this tax. They are bifurcating their businesses into “manufacturing” and “distributing”. The distributors pay no excise tax and will show all the income. The manufacturers will record minimal income. The only winners will be the lawyers and the accountants.