Tanning Tax to Take Effect in Summer 2010
Tanning salon businesses across the nation will feel the effects of the new health care insurance bill as early as July 1, 2010. Indoor tanning salon patrons will soon be charged a 10% tax to help fund the $940 billion health care overhaul.
President Barak Obama signed the new law into effect only yesterday, marking a pivotal, and surely controversial, moment in our present history. The controversy is mainly fueled by unclear, and seemingly miscalculated—or at least under-estimated—budget cuts and tax increases; not to mention measures to impose insurance coverage on those who choose not to carry any, the banning of insurance companies to deny coverage to children with pre-existing conditions, the banning of insurance companies to drop coverage of an individual due to severe illness, and banning limits on lifetime or annual benefits. Read more…