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01-24-2021, 07:04 AM
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#33
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Member
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Member Info
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Join Date: Jun 2009
Posts: 3,090
Thanks: 1,887
Thanked 5,500 Times in 1,533 Posts
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Quote:
Originally Posted by Brian Dudley
And all the people buying everything up will be looking to sell at a loss in 5 years because, guess what... they didn't use any of it. It is the cycle that keeps repeating itself.
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If you haven't already familiarize yourself with the National Firearms Safety Act H.R. 5717 introduced a year ago in the US House of Representatives. It didn't go anywhere in 2020 but could return this year with a much greater chance of being passed into law. If passed as written it includes a 50% excise tax on ammunition and components. If passed it will certainly cut that potential loss from the high prices people are paying today. That bill also includes a 30% excise tax on firearms.
__________________
Progress is the mortal enemy of the Outdoorsman.
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