- Banned
- #1
Stupid Democrat ding bat found another tax she loves.
She wants to tax a Liberty protected under the Constitution.
Next she will want to tax us when we go to church or voice an opinion contrary to her Socialist agenda or exercise our 5th Amendment right.
She could use the money to combat global warming or give it to the Illegals.
Elizabeth Warren: Use Excise Taxes to Reduce Gun, Ammo Sales
Elizabeth Warren: Use Excise Taxes to Reduce Gun, Ammo Sales
Democrat presidential hopeful Elizabeth Warren wants to use federal excise taxes to reduce gun and ammunition sales.
Her gun control, made public in August on Medium, shows Warren believes the current ten percent excise tax on firearms is too low. She wants to raise that tax to 30 percent while increasing the tax on ammunition to 50 percent.
Because excise taxes are paid directly by the consumer–the taxes are added to the price of the goods–this means a $500 gun would immediately cost $515 and the price for a $20 box of ammo would immediately rise to $30.
Warren claims this taxation policy would “bring in new federal revenue” that can used for “gun violence prevention.” And she simultaneously suggests the tax would raise the price on guns and ammo to a level sufficient to stifle sales.
She does not explain how reducing sales via tax policy can bring in new revenue. Rather, she cites”federal excise tax on cigarettes, domestic wine, or even airline tickets,” to try to bolster justify pushing for more taxes on firearms and bullets.
She wants to tax a Liberty protected under the Constitution.
Next she will want to tax us when we go to church or voice an opinion contrary to her Socialist agenda or exercise our 5th Amendment right.
She could use the money to combat global warming or give it to the Illegals.
Elizabeth Warren: Use Excise Taxes to Reduce Gun, Ammo Sales
Elizabeth Warren: Use Excise Taxes to Reduce Gun, Ammo Sales
Democrat presidential hopeful Elizabeth Warren wants to use federal excise taxes to reduce gun and ammunition sales.
Her gun control, made public in August on Medium, shows Warren believes the current ten percent excise tax on firearms is too low. She wants to raise that tax to 30 percent while increasing the tax on ammunition to 50 percent.
Because excise taxes are paid directly by the consumer–the taxes are added to the price of the goods–this means a $500 gun would immediately cost $515 and the price for a $20 box of ammo would immediately rise to $30.
Warren claims this taxation policy would “bring in new federal revenue” that can used for “gun violence prevention.” And she simultaneously suggests the tax would raise the price on guns and ammo to a level sufficient to stifle sales.
She does not explain how reducing sales via tax policy can bring in new revenue. Rather, she cites”federal excise tax on cigarettes, domestic wine, or even airline tickets,” to try to bolster justify pushing for more taxes on firearms and bullets.