Weirdest thing: if you tax something, you get less of it.
To help pay for President Barack Obama’s health law, Congress enacted a 2.3 percent tax on the sale of medical devices used chiefly by doctors and hospitals, such as pacemakers and CT scan machines.
The tax took effect in January 2013. For the first six months of that year, the IRS estimated it would collect $1.2 billion from the tax.
The audit said the IRS collected only $913 million — 24 percent less than the estimate.
Continue reading Medical device tax reducing medical device sales, apparently.