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H.R. 5103: 20% Federal Tax on Guns, 50% Tax on Ammo

Courtesy ABC News and Getty

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Danny Davis represents Illinois’ 7th congressional district, smack dab in the middle of Chicago. When he isn’t working on bills that would prevent the U.S. from attacking North Korea (read it here) Rep. Davis busies himself sponsoring and co-sponsoring an arsenal of gun control bills . . .

H.B. 5103 is his latest brainchild. The bill seeks to tax gun rights out of existence. Here are the low lights:

Apply a 20% tax on pistols, revolvers, and firearms other than pistols and revolvers (so all guns)

Apply a 50% tax on ammo

Doubles the special occupation tax for firearms importers

Increases the imported gun dealer tax to 50% of their sales

Increases NFA transfer tax from $200 to $500

Increases AOW tax from $5 to $100

Would reclassify pistols that fire rounds commonly associated with rifles as firearms. Think AR and AK pistols.

Requires an cost of living inflation formula to be applied regularly to the special occupation tax

Should it become law, the bill would vastly increase the cost of gun ownership, hitting the poor hardest. In Rep. Davis’s orange-skied world, only wealthy people would have the privilege of exercising their natural, civil and constitutionally protected right to keep and bear arms. The wealthy, and agents of the government, of course. How great is that?

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