And now came more bustle than ever; a great running hither and thither, a rapping of hammers and a babble of voices sounded everywhere through the place, for the folk were building great arches across the streets, beneath which the King was to pass, and were draping these arches with silken banners and streamers of many colors.
The medical device excise tax applies to manufacturers and importers and generally does not apply to individual consumers. Sales of taxable medical devices for further manufacture or export may be made tax free if certain registration and other requirements are met.
The ObamaCare Medical Device excise tax of 2.3% taxes manufacturers who profit under the law. The Medical device excise tax went into effect January 1st, 2013. This tax specifically has caught a lot of controversy as the new costs were dealt with in some cases by laying off workers and reducing full-time jobs to part time jobs and it is feared this will hurt innovation and smaller device companies.