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Rockwell Medical, Inc. Message Board

  • onenotfooled onenotfooled Aug 9, 2013 10:40 AM Flag

    New Obama Proverb

    If you give a man hope of getting a job, he will vote Democrat for a year! If you give a man a welfare check, a free cell phone, free internet, food stamps, section 8 housing, free contraceptives, ninety-nine weeks of unemployment, free health care and free medicine... He will vote Democrat the rest of his life and several more times after he's dead.

    But seriously, the kicker here is the 2.3% excise tax on sale of medical devices. This cost RMTI a half million in first half of 2013 and this on a company that is losing money. An effect rate of what???

    How do you calculate the harm politicians have done to startups? If this tax had been going on since the start of RMTI they would have paid out over 10 million in excise taxes yet have never came close to earning anything like that in profits on sales of almost a half billion in 16.5 years. The money would have flowed from us investors into RMTI and out to Obamacare.

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RMTI
10.440.00(0.00%)Jul 23 4:00 PMEDT

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