The new tax on prosthetic devices was put in place to help pay for Obamacare. The tax on prosthetics will result in an increase in health care costs because the manufacturer has to pass along the added cost of doing business. This will prompt the government to increase the tax on prosthetics, which will result in another increase in the cost of health care. Can you see a pattern developing?
The Affordable Care Act has made health care less affordable by taxing those who make the devices that make life better for the handicapped. It’s like our government using the output of a wind turbine to power a fan to blow on the wind turbine blades. No, that won’t work either. They are making health care more expensive in an effort to make health care more affordable, Granted, 2.3 percent doesn’t sound like much but do you remember when Indiana sales tax was 2 percent? I remember no sales tax. Life was good back then.
I guess someone thought that handicapped people were getting away with something and manufacturers didn’t have enough hoops to jump through. How long before these jobs go overseas?
At least we will be creating more jobs, for tax men. Finally, more government workers.