NFA Transfer Tax Increase and more
 

https://www.congress.gov/bill/115th-con ... %5D%7D&r=1


H. R. 5103

If any increase under paragraph (1) is not a multiple of $10, such increase shall be rounded to the next lowest multiple of $10.”.
(b) INCREASE IN TRANSFER TAX ON FIREARMS.—
(1) IN GENERAL.—Subsection (a) of section 5811 of the Internal Revenue Code of 1986 is amended—
(A) by striking “$200” and inserting “$500”; and
(B) by striking “$5” and inserting “$100”.
(2) ADJUSTMENT FOR INFLATION.—Section 5811 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:
“(d) 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.

We need to Trump the NFA rules.

ADJUSTMENT FOR INFLATION......what the fuck math they using ...why is that not on my SSN and military checks.....adjustment like that...they give me $3 or some shit and tell me I'm all good...WTF....



.....must be that common core math mullatoo was pushing....


...bastards......

.

Fuck that! The NFA laws are fine the way they currently are in my book! My guess the reason they want the increase now is because a bunch of devilcraps learned about it while people were pushing the Hearing Proctaction act bullshit! Another thought is this increase is in regards to bumpstocks becoming NFA.

The NFA has been a great investment for me.

I've never owned a registered firearm and when I sold my two gun stores I took the books with me...have no idea what happened to them. In any case, laws are for people that need laws and there are many, however, no Citizen ought to be so encumbered and abused or have to disclose his arms to others...it's just part of being a free man, and no unarmed man is free, just treading water and pretending!Black Helicopter:nutkick::rebel:

Trade an increase in NFA fees for repeal of the Hughes Amendment.

Very informative article boon thank you. :thumbsup:

"here were about 54 filings on 1 November, numerous ones in October 1968, quite a few later than 2 December if they were able to show hardship in filing, and the registration and processing of forms continued on into the 1970s- one particular case I was told of was a CIA field agent who had been in ‘Nam from early 1968 until 1971, and he forced the issue so that his collection was registered under the Amnesty

https://www.smallarmsreview.com/disp...darticles=3321

I had access to numerous AKs during my military years with the happy switch I could have mailed back. Guys were breaking them down and shipping I did not. I wonder if any of them knew of that C.I.A. agents circumstances?
Article gives hints at maybe cutting some corners and letting vets register that AK in the attic? I really really doubt it after recent sad events.

This is the same House bill that has a 20% tax on firearms and 50% tax on ammo. Hopefully it won't go anywhere.


“(1) Articles taxable at 20 percent:
“(A) Pistols.
“(B) Revolvers.
“(C) Firearms (other than pistols and revolvers).
“(D) Any lower frame or receiver for a firearm, whether for a semiautomatic pistol, rifle, or shotgun that is designed to accommodate interchangeable upper receivers.
“(2) Articles taxable at 50 percent: Shells and cartridges.”.

I have a few items I want to Form 1 as DD's. I should get my ass in gear and do it.

So, it would make a $500 suppressor into a $1,000 item instead of a $700 item?

I believe the increase is more likely aimed at the suppressor market, than anything else. If I were on the fence about one, the extra $300 could kill the idea.

I think the $200 fee has been around since NFA was enacted in 1934. I recall reading one time the feds came up with that figure because it's about what a new Thompson SMG sold for back in the early 30's.

About $4000 today.
https://www.saving.org/inflation/inf...=100&year=1934

I see a 232 dollar increase between 2010 and 2018. My damn SSDI check didn't go up that much.

My Grandfather purchased his Thompson SMG, in 1929 from Sears Roebuck & Co. I remember him telling me he paid $250.00 for it. He also purchased his first new car that year, a 1929 Ford Model A, four door sedan. He still was driving the Ford up into the late 1950's and I remember going places in it many times. My Grandma pissed and moaned about him having any guns in the house...because, "Jesus did not like guns"...an shit.... Grandma was a hellfire and brimstone Baptist. So his Thompson and a shotgun he used for deer and turkey...had to go.

Turning rights into pay to play privileges, one legislative infringement at a time.