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Author Topic: Tax Free Gun Purchases in SC  (Read 2140 times)

Waitone

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Tax Free Gun Purchases in SC
« on: November 25, 2009, 06:42:18 PM »
Apart from the normal bleetings of a NY sheep, pretty good article in that is shows SC is moving along nicely in implementing gun rights.

http://www.nydailynews.com/news/national/2009/11/24/2009-11-24_dixie_dopes_shoot_holes_in_gun_battle.html
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Perd Hapley

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Re: Tax Free Gun Purchases in SC
« Reply #1 on: November 25, 2009, 08:58:31 PM »
Notice the FFLs are referred to as "firearms traffickers." 
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Stickjockey

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Re: Tax Free Gun Purchases in SC
« Reply #2 on: November 27, 2009, 02:17:48 PM »
Quote
The number of gun sales is expected to grow ever higher thanks to Pitts, who also sponsored a bill that reduced the age for possessing a handgun in South Carolina from 21 to 18.

"If my daughter were driving, as a 19- or 20-year-old, to Charleston," Pitts said the other day, "I could put my handgun in the glove compartment of my car and she could drive to Charleston without being a felon."

He says that like it's a bad thing. ???
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MicroBalrog

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Re: Tax Free Gun Purchases in SC
« Reply #3 on: November 27, 2009, 02:29:25 PM »
I don't think he is - he's the guy who sponsored the bill.

But!

I have a question.


Economists, help me here.

Suppose a state repeals the tax on firearms on one day. How does this help? I mean, wouldn't it just shift people's consumption of firearms, from whenever they were going to purchase a gun to the one day the tax is off, rather than increase consumption overall?
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Gewehr98

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Re: Tax Free Gun Purchases in SC
« Reply #4 on: November 27, 2009, 02:47:22 PM »
Some of those response comments...   :O
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RevDisk

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Re: Tax Free Gun Purchases in SC
« Reply #5 on: November 27, 2009, 03:01:02 PM »
Quote from: Waitone on November 25, 2009, 06:42:18 PM
Apart from the normal bleetings of a NY sheep, pretty good article in that is shows SC is moving along nicely in implementing gun rights.

http://www.nydailynews.com/news/national/2009/11/24/2009-11-24_dixie_dopes_shoot_holes_in_gun_battle.html

You can actually taste the venom in the "journalist's" writing.  I know reporters are always biased and dishonest, but even by the admittedly poor standards of journalism, this is exceptionally biased and dishonest.
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cosine

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Re: Tax Free Gun Purchases in SC
« Reply #6 on: November 28, 2009, 03:23:46 PM »
The link characterizes them as "Dixie Dopes"... it doesn't look like they're even trying to hide the bias.
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Andy

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Re: Tax Free Gun Purchases in SC
« Reply #7 on: November 29, 2009, 07:51:21 AM »
Quote from: cosine on November 28, 2009, 03:23:46 PM
The link characterizes them as "Dixie Dopes"... it doesn't look like they're even trying to hide the bias.

Why would they?  They truly don't see anything WRONG in their bias.
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Headless Thompson Gunner

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Re: Tax Free Gun Purchases in SC
« Reply #8 on: December 01, 2009, 04:23:14 PM »
Quote from: MicroBalrog on November 27, 2009, 02:29:25 PM

Economists, help me here.

Suppose a state repeals the tax on firearms on one day. How does this help? I mean, wouldn't it just shift people's consumption of firearms, from whenever they were going to purchase a gun to the one day the tax is off, rather than increase consumption overall?
It's not an economics thing, it's a psychology thing. 
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makattak

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Re: Tax Free Gun Purchases in SC
« Reply #9 on: December 01, 2009, 04:51:26 PM »
Quote from: MicroBalrog on November 27, 2009, 02:29:25 PM
I have a question.

Economists, help me here.

Suppose a state repeals the tax on firearms on one day. How does this help? I mean, wouldn't it just shift people's consumption of firearms, from whenever they were going to purchase a gun to the one day the tax is off, rather than increase consumption overall?

First part of your question catches some of the effect. Many who had already planned to purchase a firearm will take advantage of this day to purchase.

HOWEVER, this is effectively the same thing as a sale at any other store. Prices are lowered, thus marginal buyers at a higher price now will purchase.

Overall, it should lead to an increase in guns purchased like a price decrease of any other good. How much of an increase is uncertain (elasticities being unknown), but it's basic economics: decrease price = increased quantity demanded.
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RevDisk

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Re: Tax Free Gun Purchases in SC
« Reply #10 on: December 01, 2009, 07:56:00 PM »
Quote from: MicroBalrog on November 27, 2009, 02:29:25 PM
Economists, help me here.

Suppose a state repeals the tax on firearms on one day. How does this help? I mean, wouldn't it just shift people's consumption of firearms, from whenever they were going to purchase a gun to the one day the tax is off, rather than increase consumption overall?

Repealing the sales tax on firearms for one day does not repeal the sales tax on accessories, cleaning supplies, ammo, range fees, et al.  I think the intent is to send a message, not make more tax revenue but I don't think SC will be crippled by a one day pass on firearm sales tax.  Also, I'm fairly sure you have to pay the fed FAET anyways.
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Scout26

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Re: Tax Free Gun Purchases in SC
« Reply #11 on: December 03, 2009, 02:32:32 PM »
Yep, no bias here.... Check out their poll:


Quote
The gun battle
What's the best way for New York City to reduce gun violence?

 Stricter gun laws.
 More cops on the streets.
 Both of the above.
 Not sure. But emulating South Carolina wouldn't be a good start.




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