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http://boards.fool.com/i-should-add-that-the-article-calculates-that-the-30297765.aspx
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| Subject: Re: Medical Device Tax | Date: 10/3/2012 2:27 PM | |
| Author: erikinthered100 | Number: 3928 of 4089 | |
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I should add that the article calculates that the 2.3% tax on sales would result in a 15% tax on the typical medical device company. Of course, this is in addition to the normal 35% federal corporate income tax and state corporate taxes. With the added tax, the effective tax rate will be in excess of 50% in some states. dave |
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