Tax credit for gun surrender

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Tax credit for gun surrender

Postby photogpat on Fri Jan 18, 2013 5:22 am

Wow, this is a new track.

http://www.govtrack.us/congress/bills/113/hr226/text

To amend the Internal Revenue Code of 1986 to allow a credit against tax for surrendering to authorities certain assault weapons.
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Re: Tax credit for gun surrender

Postby Heffay on Fri Jan 18, 2013 7:00 am

Wow, that's awesome! $2000 for any AR, no matter how beat up? Strip it of accessories, and turn that $500 POS into cold hard cash for a new one!

Although technically I don't think there is such a thing as a $500 AR-15 anymore.. :lol:
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Re: Tax credit for gun surrender

Postby Thunder71 on Fri Jan 18, 2013 7:06 am

Who's paying for that? You know they'll want to make up for it somehow.
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Re: Tax credit for gun surrender

Postby photogpat on Fri Jan 18, 2013 7:07 am

I'm just thinking about SKS's...turn one of those in for a $2k tax credit yes sir!

I see this bill as doing something else though -- driving up prices of "assault" rifles even further...heck, if you can get a $2k tax credit for it! :roll:
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Re: Tax credit for gun surrender

Postby Heffay on Fri Jan 18, 2013 7:09 am

photogpat wrote:I'm just thinking about SKS's...turn one of those in for a $2k tax credit yes sir!

I see this bill as doing something else though -- driving up prices of "assault" rifles even further...heck, if you can get a $2k tax credit for it! :roll:


You can only get 1 credit a year. :cry:

But yes, if this passes (and I really hope it does), my wife and I are each getting a new SKS! Brilliant!
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Re: Tax credit for gun surrender

Postby xd9 on Fri Jan 18, 2013 7:20 am

Thunder71 wrote:Who's paying for that? You know they'll want to make up for it somehow.


Oh, don't worry, BHO will take it from those who "aren't paying their fair share" ;-)
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Re: Tax credit for gun surrender

Postby SparkyJeff on Fri Jan 18, 2013 10:50 am

How does this get rid of the evil guns owned by people who don't pay taxes?
I keep hearing that half of Americans don't pay income taxes.
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Re: Tax credit for gun surrender

Postby ex-LT on Fri Jan 18, 2013 10:53 am

Just one more reason to eliminate the current tax code and replace it with a national sales tax.
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Re: Tax credit for gun surrender

Postby Heffay on Fri Jan 18, 2013 10:53 am

SparkyJeff wrote:How does this get rid of the evil guns owned by people who don't pay taxes?
I keep hearing that half of Americans don't pay income taxes.


But the vast majority pay capitol gains and payroll taxes. Almost everyone can contribute to this, especially people who support gun control. They'll be subsidizing our profits!

This isn't time to waste energy on the tired, useless rhetoric about how half of America doesn't pay income taxes. This is the time to agree that this is a great plan and take advantage of the situation!
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Re: Tax credit for gun surrender

Postby LePetomane on Fri Jan 18, 2013 10:57 am

The scumbag criminals who are committing the crimes don't pay taxes anyways.
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Re: Tax credit for gun surrender

Postby Heffay on Fri Jan 18, 2013 11:03 am

LePetomane wrote:The scumbag criminals who are committing the crimes don't pay taxes anyways.


Yeah. Damn non-tax paying felons...

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Re: Tax credit for gun surrender

Postby Thunder71 on Fri Jan 18, 2013 11:14 am

This ought to increase gun THEFT. Friggin criminals will double dip now.

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Re: Tax credit for gun surrender

Postby SparkyJeff on Fri Jan 18, 2013 11:25 am

Thunder71 wrote:This ought to increase gun THEFT. Friggin criminals will double dip now.


Nope. Says so, plain and simple.

‘(1) WEAPON MUST BE LAWFULLY POSSESSED- No credit shall be allowed under subsection (a) with respect to any specified assault weapon not lawfully possessed by the taxpayer at the time the weapon is surrendered.
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Re: Tax credit for gun surrender

Postby Texastransplant on Fri Jan 18, 2013 11:32 am

How do they know if it's lawfully owned?
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Re: Tax credit for gun surrender

Postby bofe954 on Fri Jan 18, 2013 12:23 pm

If they gave 2K for anything it would also effectively raise the price of any used/new firearm on that list to 2K. Bye, bye $700 AR.
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