HR3018; NFA transfers to $500, and periodic inflation adjustment

[Moose242]

I don't know, call the democrats.

[bottlerocket]

I don't know, call the democrats.

I doubt even they know

[Cooter]

I doubt even they know

you have to sign it to see what's in it

[phaux]

It's beyond absurd. NFA tax stamps have jumped drastically in the last few yrs, i.e. we're paying shit loads more tax money which is good for the economy, yet they want to fuck is even more. $200 tax stamps are a money making monster, bunch of fucking morons

[CJ]

It's beyond absurd. NFA tax stamps have jumped drastically in the last few yrs, i.e. we're paying shit loads more tax money which is good for the economy, yet they want to fuck is even more. $200 tax stamps are a money making monster, bunch of fucking morons

I would gather it's probably one of the smallest income streams the government has.

[phaux]

I would gather it's probably one of the smallest income streams the government has.

Based on the numbers in David's other post referencing 1.1million transfer request at $200 each you're looking at almost a quarter billion dollars in one year. Comparatively I'm sure there are many other categories of tax income that are much much larger, it's still not a number to scoff at and I'm sure it vastly outweighs what it costs to pay the handful of workers in the NFA branch.

[Roscoe]

Based on the numbers in David's other post referencing 1.1million transfer request at $200 each you're looking at almost a quarter billion dollars in one year. Comparatively I'm sure there are many other categories of tax income that are much much larger, it's still not a number to scoff at and I'm sure it vastly outweighs what it costs to pay the handful of workers in the NFA branch.

Why be happy with "almost a quarter billion" when you can have a cool half Billion?

Gotta find more when Barry spends more, you know...

[Cooter]

Why be happy with "almost a quarter billion" when you can have a cool half million?

Gotta find more when Barry spends more, you know...

I would much rather have $22,000,000 than 500,000

[Roscoe]

I would much rather have $2,200,000,000 than 500,000

dammit, meant billion.... wait - isn't a the number $220,000,000? That would be $2.2BB above...

[Roscoe]

I would much rather have $22,000,000 than 500,000

Nope, that's $22MM...

[Cooter]

fuck I don't know... I'm not so good w/ numbers. Axe Jody!

[Nash B.]

Based on the numbers in David's other post referencing 1.1million transfer request at $200 each you're looking at almost a quarter billion dollars in one year. Comparatively I'm sure there are many other categories of tax income that are much much larger, it's still not a number to scoff at and I'm sure it vastly outweighs what it costs to pay the handful of workers in the NFA branch.

AOW transfers are only $5, and IIRC, dealer to dealer transfers aren't taxed.

[Moose242]

AOW transfers are only $5, and IIRC, dealer to dealer transfers aren't taxed.

That is correct, but according to this bill the transfer tax for AOWs will be increased to $200 at first, then adjusted yearly for inflation just like other items.

Also here's a fun fact, according to the Bureau of Labor and Statistics inflation calculator if the $200 transfer tax had kept up with inflation you would be paying $3400 for a tax stamp today.