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To: Kaslin
The device tax is a tax on gross receipts (sales, essentially) instead of a tax on profits

This is killing my business - three medical products compamies I work with have cancelled projects for next year, because of this tax. One distributor has a 4% margin. You just can't make this up in volume.

23 posted on 12/13/2012 8:40:59 AM PST by FatherofFive (Islam is evil and must be eradicated)
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To: FatherofFive

4%? How do they plan on staying in business? Seriously. A tax on gross can be exponential in its effects.


44 posted on 12/13/2012 11:43:52 AM PST by DarkWaters ("Deception is a state of mind --- and the mind of the state" --- James Jesus Angleton)
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