Posts Tagged taxes

Is It Time To Rethink The Excise Tax On Guns and Ammo?

From The Truth About Guns:

These taxes on guns and ammunition sales provide a growing share of budgets for state fish and game agencies. But as scholars of environmental politicsconservation and wildlife managementwe have found that the growth in conservation funding driven by exploding guns sales presents at least three critical moral and ethical issues.

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Arizona Considers Removing Taxes on Guns and Safety Equipment

From Guns.com:

The measure, HB 2166, was introduced last week by state Rep. Steve Kaiser, R-Phoenix, and has four co-sponsors. As detailed by the Arizona Daily Star, the state has a 5.6-percent tax on retail sales that, combined with local taxes, can hit a combined rate as high as 11.2 percent in some communities. This, Kaiser told local media, can be a deterrent to purchasing a firearm, “And cost should not be a barrier to defend your family, your property,’’ said Kaiser.

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Citigroup Caves To Texas On Gun Stance

From The Truth About Guns:

Citigroup took a key step to restart its public-finance operations in Texas by submitting a letter last month verifying its compliance with the new law.

The bank sent a so-called standing letter to the Texas Attorney General’s office, a requirement for banks if they want to do business with Texas and its local governments after the legislation took effect.

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Illinois Supreme Court Rejects Gun and Ammo Tax

From Cam and Company:

https://youtu.be/NB2evxMozm8

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If They Can’t Ban Guns, Tax Them

From NRA-ILA:

Joe Biden – ludicrously marketed to Middle America as a “moderate” – plans to ban the manufacture, sale, and possession of a host of popular semiautomatic firearms, including the most popular one of all, the iconic AR-15. For those who already own such guns, Biden would extend an offer that could not be refused, except on pain of federal imprisonment: surrender them to the government for whatever compensation might be offered or pay $200 to register them in a national database. This $200 per unit tax would also apply to each firearm magazine that could hold more than 10 rounds.
So, for example, the owner of a single AR-15 with 5 standard capacity magazines who wanted to keep his or her property would be hit with a $1,200 tax bill. And this doesn’t even take into account any other registration and fingerprinting costs.

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Bill Would Remove Short Barreled Rifle Registration From National Firearms Act

From Reason:

On Tuesday, Marshall introduced the Home Defense and Competitive Shooting Act of 2019. This would change provisions of the National Firearms Act of 1934 (NFA) that put extra restrictions on the ownership of short-barreled rifles—that is, semiautomatic rifles with a barrel shorter than 16″ in length or that have a total length of less than 26″.

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Gun Ban Would Decimate Wildlife Conservation

From The Federalist:

Almost $1 billion each year goes to state wildlife and natural resource agencies courtesy of checks written by firearms, ammunition, and related manufacturers. It is the result of an 11 percent excise tax on firearms, ammunition, and related goods known as Pittman-Robertson, or the Federal Aid in Wildlife Restoration Act of 1937.

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Self Defense Tax

From Gun Owners of America:

Under provisions of the Pittman-Robertson Act (P-R), handguns are taxed at the confiscatory rate of 10 percent and ammunition, rifles and shotguns are taxed at an even more outrageous 11 percent. Enacted in 1937, P-R was originally levied at a rate of 11 percent on rifles, shotguns and all types of ammunition and in 1970, handguns were added and taxed at 10 percent.[1] Many gun owners are unaware they are even paying this tax because it is collected by manufacturers, based on the wholesale price of a firearm or ammunition. Don’t be fooled, it is built into the price you pay for a new firearm or ammunition; the manufacturers are not paying the gun tax, you are.

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Lawmakers Want Tax Money To Fund Gun Technology

From Guns.com:

A group of House Democrats last week introduced a bill that would set aside Department of Justice funds to research so-called “smart guns.”
The aim of “The Advancing Gun Safety Technology Act” is to back “private-sector commercialization of gun-safety technology” through a $10 million pilot program in 2021 funded through DOJ. Companies who have an initial product design and a “demonstrable commitment to reducing unintentional or unauthorized shootings” would be eligible to apply for a grant through the program.

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Sen. Warren To Hike Taxes On Guns If Elected

From PJ Media:

If elected, Warren promises to raise taxes on firearms and ammo purchases by 30% and 50%, respectively. That’s on top of her plan for federal licensing for gun ownership — presumably with a federal database of who owns what — expanded background checks, and a renewed ban on “assault-style” weapons.

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Fees And Taxes Hurt The Poor

From Bearing Arms:

San Jose Mayor Sam Liccardo believes residents in his city should have to pay for the privilege of exercising their 2nd Amendment rights, a measure that’s not only patently unconstitutional but would also cause some lower-income Americans to lose their rights, not because of a felony conviction or mental ajudication, but because of the balance of their bank account.

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Challenge To New Machine Gun Manufacturing

From Cato Institute:

Several years ago, Nick Bronsozian was charged with possession of an unregistered machinegun under a tax law statute. The provision in question, 26 U.S.C. § 5861(d), says that in order to have a machinegun registered, a tax must be paid on it. Simple enough, right? Bronsozian didn’t pay his tax. Case closed. That’s what the government argued anyway, but the situation is more complicated than that.
A subsequently enacted law, 18 U.S.C. § 922(o), prevents the government from registering and accepting tax payments on new machineguns. So Bronsozian was charged and convicted of a felony for not paying a tax that the government would not allow him to pay. If that strikes you as odd, it’s probably because you’ve read the Constitution.

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Firearms Tax Holiday

From The Truth About Guns:

The beginning of fall signals not only the return of the school year but also the beginning of hunting season. To prepare for many hours to be spent hunting with a gun in a duck blind or a deer stand, hunters need to equip themselves with ammunition, various outdoor gear, and maybe even a new firearm.
That is why some states have tried, are currently trying, or now have a Second Amendment tax holiday where people can purchase hunting supplies, ammunition, and firearms without the burden of sales tax. It’s reasonable to assume many hunters may spend somewhere around $500-$1,000 on supplies to start a hunting season so the opportunity to save $50-$70 (depending on the state) on those purchases translates to significant savings for many individuals and families.

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Detroit Makes Ammo More Expensive For Poor

From Fox Detroit:

As part of a proposed Wayne County “Bullet Bill” ordinance, additional county taxes would be imposed on the purchase of ammunition with revenue going to assist victims of gun violence and educational programs with a focus on conflict resolution, administrative costs.

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Gun Companies To Leave CT

From Guns.com:

High taxes and strict laws encourage gun manufacturers to abandon Connecticut, according to a new report published last month.

“It’s directly related to regulations,”said Mark Rydzy, owner of the Pauway Company, during an interview with the Connecticut Post in July. “Every time a new series of gun laws goes into effect, it ends up changing everything.”

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