President Barrack Obama had promised during the election cycle of 2008 that he will not increase taxes on those earning $200,000 per year or less, whatsoever.
Page 2045 of the healthcare bill is just one of the many items in the healthcare bill that would break this promise. According to page 2045 of the healthcare bill, a 5% excise tax will be imposed by our beloved Government on any cosmetic surgery and medical procedures. The basis for the 5% excise tax will be the amount paid by the patients out of their pocket and/or the insurance company. The 5% excise tax will be imposed on individuals, irrespective of their income levels. Whether the individual is earning less than 200,000 dollars or more, he/she will have to ay this 5% excise tax.
Thanks Mr President, for this new tax. Thanks for the botox tax. Thanks for the tax on all cosmetic surgery.
Ref: http://www.opencongress.org/senate_health_care_bill
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Read the provision from the actual healthcare bill:
Page 2045
SEC. 9017. EXCISE TAX ON ELECTIVE COSMETIC MEDICAL PROCEDURES.
(a) IN GENERAL.-Subtitle D of the Internal Revenue Code of 1986, as amended by this Act, is amended by adding at the end the following new chapter:
''CHAPTER 49-ELECTIVE COSMETIC MEDICAL PROCEDURES ''Sec. 5000B. Imposition of tax on elective cosmetic medical procedures.
''SEC. 5000B. IMPOSITION OF TAX ON ELECTIVE COSMETIC MEDICAL PROCEDURES.
''(a) IN GENERAL.-There is hereby imposed on any cosmetic surgery and medical procedure a tax equal to 5 percent of the amount paid for such procedure (determined without regard to this section), whether paid by insurance or otherwise.
''(b) COSMETIC SURGERY AND MEDICAL PROCEDURE.-For purposes of this section, the term 'cosmetic surgery and medical procedure' means any cosmetic surgery (as defined in section 213(d)(9)(B)) or other similar procedure which-
''(1) is performed by a licensed medical professional, and
''(2) is not necessary to ameliorate a deformity arising from, or directly related to, a congenital abnormality, a personal injury resulting from an accident or trauma, or disfiguring disease.
''(c) PAYMENT OF TAX.-
''(1) IN GENERAL.-The tax imposed by this section shall be paid by the individual on whom the procedure is performed.
''(2) COLLECTION.-Every person receiving a payment for procedures on which a tax is imposed under subsection (a) shall collect the amount of the
tax from the individual on whom the procedure is performed and remit such tax quarterly to the Secretary at such time and in such manner as provided
by the Secretary.
''(3) SECONDARY LIABILITY.-Where any tax imposed by subsection (a) is not paid at the time payments for cosmetic surgery and medical procedures are made, then to the extent that such tax is not collected, such tax shall be paid by the person who performs the procedure.''.
(b) CLERICAL AMENDMENT.-The table of chapters for subtitle D of the Internal Revenue Code of 1986, as amended by this Act, is amended by inserting after the item relating to chapter 48 the following new item:
''CHAPTER 49-ELECTIVE COSMETIC MEDICAL PROCEDURES''.
(c) EFFECTIVE DATE.-The amendments made by this section shall apply to procedures performed on or after January 1, 2010.
Comments
People actually expected Obama to keep that promise? Or almost any promise for that matter? ...Really? Well I guess history, unless it is falsified by liberal professors/media, is going to prove him a habitual liar though, just look at his speech to congress (the one with the joe wilson controversy). He made several comments that when compare to the bills are just down right false. Furthermore, as a constitutional lawyer he should now certain facts, for instance it is impossible to make a healthcare public option that will not include illegeal aliens. The Superme Courte has over-ruled such laws many times under the equal protection clause, yet Obama has the audacity to claim his bill will actually prevent them from access. "YOU LIE" Mr. President, and you should be ashamed.
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