Oct
10

Terrific Tax

Among the demands the Republicans have put forward to end the government shutdown is repeal of the 2.5% medical device tax which took effect 1/1/13. It is a spectacular tax because no one will change their behavior because of it. If you need an artificial hip, you will not now cancel your operation because of the small price increase. Most taxes, like the income tax which discourages work, alter behavior.

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