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H.R.5103 Proposes a Tax Stamp Increase to $500

This topic can be found at:
https://sigforum.com/eve/forums/a/tpc/f/380105858/m/4050051934

March 16, 2018, 11:40 AM
heavyd
H.R.5103 Proposes a Tax Stamp Increase to $500
H.R.5103 Proposes a Tax Stamp Increase to $500 as well as hefty taxes on all firearms. Congress has always been more willing to tax than to ban. We all need to keep an eye on this bill.

https://www.congress.gov/bill/...house-bill/5103/text


H. Dean Phillips
$99 Gun Trusts
https://nfalawyers.com
March 16, 2018, 11:53 AM
CandyMan.45
Oh joy !

The best part is:

Adjustment for inflation.—In the case of any taxable year beginning in a calendar year after 2019, each dollar amount in subsection (a) shall be increased by an amount equal to—

“(1) such dollar amount, multiplied by

“(2) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting ‘calendar year 2018’ for ‘calendar year 2016’ in subparagraph (A)(ii) thereof.

This message has been edited. Last edited by: CandyMan.45,
March 17, 2018, 04:51 PM
kz1000
"Mr. Danny K. Davis of Illinois (for himself, Mr. Pascrell, Mr. Johnson of Georgia, Ms. Kelly of Illinois, Mr. Langevin, Mr. Blumenauer, Ms. Bass, Ms. Norton, Mr. Cohen, and Mr. Lynch)"


The usual suspects. Mad


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-Bomber Harris
March 17, 2018, 05:40 PM
heavyd
quote:
Originally posted by CandyMan.45:
Oh joy !

The best part is:

Adjustment for inflation.—In the case of any taxable year beginning in a calendar year after 2019, each dollar amount in subsection (a) shall be increased by an amount equal to—

“(1) such dollar amount, multiplied by

“(2) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting ‘calendar year 2018’ for ‘calendar year 2016’ in subparagraph (A)(ii) thereof.


Exactly!


H. Dean Phillips
$99 Gun Trusts
https://nfalawyers.com
March 17, 2018, 06:38 PM
Edmond
Of course this is what they'll do. Banning it is hard but increasing the tax on it will achieve a small step towards a ban. If they can price it out of reach for more people, mission accomplished.

Fucking crooks.


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March 17, 2018, 07:54 PM
astraightshooter
Ouch! Maybe this is good time to invest in another silencer or two? The prices are dropping on them, and on the horizon, if the bill passes, it looks like another frenzied rush for stamps before the effective date in February 2019.
March 18, 2018, 12:54 AM
LDD
quote:
Originally posted by kz1000:
"Mr. Danny K. Davis of Illinois (for himself, Mr. Pascrell, Mr. Johnson of Georgia, Ms. Kelly of Illinois, Mr. Langevin, Mr. Blumenauer, Ms. Bass, Ms. Norton, Mr. Cohen, and Mr. Lynch)"


The usual suspects. Mad


Yes, and since NFA transfers to non-LEOs (except maybe AOW) are prohibited in IL, there will be no outcry from his constituency.
March 18, 2018, 07:56 AM
nhracecraft
The bill is discussed in this thread:

https://sigforum.com/eve/forums...0601935/m/9430079834

I expect it will be DOA in committee!


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