A Federal-level gun buy-back that I could almost get behind

[Hogwylde]

Since this is a proposal for a federal law...and by definition a "firearm" is the part with the serial number on it.........couldn't you just buy a stripped lower for $50 and turn it in?

 

[drillsgt]

A credit is basically a check for $2k. Some folks are confusing "tax credit" with "tax deduction." Deductions reduce your taxable income. Credits reduce the total owed. Credits can take the taxes owed into the negatives. Deductions can only take it to zero. Credits are significantly more valuable.

Thanks for the clarification.

 

[Leadeye]

It's just tax money, shear the sheep a little more or call Janet and have her make some.

 

[Slawburger]

A credit is basically a check for $2k. Some folks are confusing "tax credit" with "tax deduction." Deductions reduce your taxable income. Credits reduce the total owed. Credits can take the taxes owed into the negatives. Deductions can only take it to zero. Credits are significantly more valuable.

Without addressing the scam, er proposed legislation, the above explains the basic difference between a "tax credit" and a "tax deduction".

 

[PRasko]

Yes..Lets let the IRS create a list of gun owners in america... That's a smart idea. It's not like it's corrupt or anything.

 

[oldpink]

Bogwalker took the words straight out of my keyboard.
Tempting as it would be to get the cheapest Hi-Point or Keltec possible to fleece them out of $2K, it still gives legitimacy for the antis to claim that magazine fed semiautos are "assault weapons."
It's a ruse from a particularly despicable politician (anyone who knows a thing about DeLauro would do well to educate himself on her, and I use the term "her" loosely...just look at a photo of "her," and you'll get what I mean here) to snooker gun owners into accepting her and the rest of the antis' terminology.
Reject it out of hand, and explain why when you do it.

 

[churchmouse]

A credit is basically a check for $2k. Some folks are confusing "tax credit" with "tax deduction." Deductions reduce your taxable income. Credits reduce the total owed. Credits can take the taxes owed into the negatives. Deductions can only take it to zero. Credits are significantly more valuable.

Would participating in this program get your name on "Another" fed. gun list?????

 

[Bill of Rights]

You are reading too much into this. From my reading, it actually doesn't infringe on your rights at all. This legislation would be so spectacularly ineffective that all it would accomplish would be to give you a high return on one of your firearms. Oh... And drive up the prices of cheap semi-auto rifles. Consider it a good means to come up with the money for that expensive AR/1911/whatever that you've been thinking about.

It doesn't infringe *right now*, pudly. Nothing from government is ever free. There is always a price to be paid. The term "Faustian" comes to mind. I'll pass, and I won't support this . YMMV.

Blessings,
Bill

 

[JTScribe]

Who Says Gun 'Buy Backs' Are a Bad Thing? - The Truth About Guns

At one time I thought there was a followup where he got the gift cards but I'm not finding it now.

 

[BehindBlueI's]

Would participating in this program get your name on "Another" fed. gun list?????

I dunno. I figured this thread was like the zombie invasion threads. Hypotheticals that will never occur but are fun to think about. So...maybe.

 

[actaeon277]

How about a gun buy back, but the money only comes from anti-gunners.

 

[pudly]

Yes. Better than the money coming from taxes, would be coming straight out of Bloomberg's pocket.

 

[pig957]

Why do the Dems always claim to be for gun control when all they do is stimulate sales?

Do .22lr "assault rifles" count?

It does, if it has a banana clip on it!

 

[oldpink]

It does, if it has a banana clip on it!

I wish you could have honestly posted that in "sarcasm" purple, but that's totally true.

 

[ModernGunner]

$2000 a pop? Let's see, IF that passed, all I'd need is $100,000 to spend on $200 cheapie 'assault weapons', and a buncha 'friends'. Split that 50/50 with 'em, and I'd still end up with a $401,000 net profit!

Wonder if they'd let me do that every year? Not sure about fellow INGO'ers, but I'm 'pretty sure' I could 'survive' off of $400k / year...

 

[beararms1776]

Why are these anti-gunners fixated on barrel shrouds? Maybe they shouldn't have been circumcised, I read that leads to issues in later years.

 

[beararms1776]

You are reading too much into this. From my reading, it actually doesn't infringe on your rights at all. This legislation would be so spectacularly ineffective that all it would accomplish would be to give you a high return on one of your firearms. Oh... And drive up the prices of cheap semi-auto rifles. Consider it a good means to come up with the money for that expensive AR/1911/whatever that you've been thinking about.

I'd be with BoR on this one. No thank you.

 

[Sonney]

You better look at what is being offered. That is not 2000 in your pocket it is 2000 off of your gross income that might not be as much as you think.


Sonney

 

[pudly]

You better look at what is being offered. That is not 2000 in your pocket it is 2000 off of your gross income that might not be as much as you think.


Sonney

A "tax credit" comes off the top. It isn't a deduction where you would only get part of the stated amount back.

 

[SchwansManDan]

But I'm no whore. You can't buy my rights from me.

I won't sell mine, either.

I will, however, sell a piece of crap .22 with a collapsable stock & detachable magazine that my brother found in the attic of a house he rented in TX. For $2000??
Hell, YEAH! That's about 7,000 rounds of 9mm ball ammo. Or maybe 4-6 handguns (shopping judiciously & watching sale prices). Or some combo of the two.