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Posts Tagged taxes
Proposals For Gun Friendly States
From Bearing Arms:
1) Repeal all carry permit fees
The right to keep and bear arms is a right. Creating permits around it is an infringement. Just yesterday, I wrote about how poor people are burdened with fees in Michigan and New York. Permitless carry is the way forward as the majority of states have done already. However, permitless carry states are still issuing permits partly to help their citizens traveling to other states. Those states need to zero out any and all fees for concealed carry permits, period.
Prohibitionists Want To Add Taxes To ARs
From Guns.com:
The measure, nobly named “The Gun Violence Prevention and Safe Communities Act,” taxes guns sold commercially in the U.S. to create guaranteed annual funding for a host of progressive programs and initiatives. While not named or described in detail, a press release from U.S. Rep. Danny Davis, a Chicago-area Democrat who backs the bill, says recipients would include “community-based violence prevention grants” and “gun violence research.”
Rare Unanimous Supreme Court Decision Supports Individual Rights
Conservation Fund Passes 16 Billion
From Ammoland:
NSSF, The Firearm Industry Trade Association, celebrated a milestone achievement after announcing firearm and ammunition manufacturers topped $16.1 billion in excise tax contributions to the Wildlife Restoration Trust Fund since its inception in 1937. When adjusted for inflation, the total is more than $25 billion. The latest Firearms and Ammunition Excise Tax (FAET) Collection report released by the Department of the Treasury, covering the 4th Quarter Calendar Year 2022, indicates that firearm and ammunition manufacturers contributed more than $235 million, the third-highest 4th calendar quarter in history.
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 politics, conservation and wildlife management, we have found that the growth in conservation funding driven by exploding guns sales presents at least three critical moral and ethical issues.
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.
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.
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.
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.
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.
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.â€
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.
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.