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Olin Corp. Message Board

  • arrs20 arrs20 Mar 1, 2012 9:19 AM Flag

    Tax on Ammunition,to come

    I think Obama administration wants to control every thing we do. Tax the ones willing to work and give it away to those in need(thats ok) or those not willing to work.
    In some cases people get checks from five different agencies. Some single moms get $5k a month depending on how many children x five agencies.
    Maybe we can tax more and have six generations that say why work when I can get it free.

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    • There's already an %11 Federal excise tax on ammunition:

      http://www.ttb.gov/tax_audit/atftaxes.shtml

      The way the law is currently written, the tax can only be charged once. If you want to bet on the tax being increased, then you would probably be better off selling OLN and buying ammunition and then reselling the ammunition when everyone rushes in to buy ammunition before the tax increase. While a large tax increase would be a short term positive for OLN, it would be a long term negative since only wealthy people could afford ammunition.

 
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