Democrat Rep Introduces 20 Percent Gun Tax 50 Percent Ammo Tax
Rep. Danny K. Davis (D-IL) is pushing legislation to place a 20 percent tax on guns and a 50 percent tax on ammunition.
The legislation is titled the “Gun Violence Prevention and Safe Communities Act of 2018.”
The act amends the Internal Revenue Code of 1986, so as to require a 20 percent tax on “pistols,” “revolvers,” “firearms (other than pistols and revolvers),” and “any lower frame or receiver for a firearm, whether for a semiautomatic pistol, rifle, or shotgun that is designed to accommodate interchangeable upper receivers.”
The act places a 50 percent tax on ammunition “shells and cartridges.”
These taxes will only apply to law-abiding citizens, just as similar taxes in Chicago and Seattle only raise the purchase price of firearms and ammunition for law-abiding citizens. – READ MORE
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