Excellent! I hope you get a quick return of function.
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Be careful. I remember people cheering about the NFATCA stuff that weas being done. Then they started to meddle in the trust situation among other things.
Can you elaborate please? With appropriate citations?
AFAIK, the National Firearms Act of 1934 authorized the transfer tax and set it at $200. The only change they've made since, that I can find, was for AOWs which they lowered to $5 in 1938. Today, that transfer tax is still $200. You're saying that they've changed it several times in that interval?
From the original bill:
Quote:
SEC. 3.
(a) There shall be levied, collected, and paid upon firearms sold, assigned, transferred, given away, or otherwise disposed of in the continental United States a tax at the rate of $200 per machinegun and $200 per other firearm, such tax to be paid by the person so disposing thereof, and to be represented by appropriate stamps to be provided by the Commissioner of Internal Revenue, with the approval of the Secretary of the Treasury; and the stamps herein provided shall be affixed to the order for such firearm, hereinafter provided for. The tax imposed by this section shall be in addition to any import duty imposed on such firearm.
I must have missed something also. As far as I know there has never been a change.
In 1938 Congress recognized that the Marble Game Getter, a short .22/.410 sporting firearm, had "legitimate use" and did not deserve the stigma of "gangster weapon" and reduced the $200 tax to one dollar for the Game Getter. In 1960 Congress changed the transfer tax for all "any other weapon" (AOW) category to $5.The transfer tax for machine guns, silencers, SBR and SBS remained at $200.
So that is TWO documented instances of the NFA Tax being REDUCED. I think, but am not sure the $1 stamps is gone, so that would be THREE changes.
http://i839.photobucket.com/albums/z...BATFE/NFA1.jpg
http://i839.photobucket.com/albums/z...BATFE/NFA5.jpg
http://i839.photobucket.com/albums/z...TFE/NFA200.jpg