Joe Biden’s Gun Agenda Could Cost AR-15 Owners $3.6 Billion in Taxes for Guns They Already Own
From Joe Biden’s Gun Agenda Could Cost AR-15 Owners $3.6 Billion in Taxes for Guns They Already Own, Breitbart, October 17, 2020:
Democrat presidential nominee Joe Biden’s proposed gun control policy includes a provision that could require every AR-15 rifle be registered under the National Firearms Act of 1934. Unless there were some form of carve-out, this could mandate that American gun owners pay a $200 federal tax per AR-15 that they own. The National Rifle Association’s Andrew Arulanandam told Breitbart News that the current “low end” estimate of privately-owned AR-15s in the United States is 18 million. A tax of $200 on 18 million AR-15s means that gun owners could potentially be required to a pay a collective $3.6 billion in taxes, if this policy were enacted into legislation.
That figure does not even consider other guns that might be deemed “assault weapons” by Democrats, which could also fall under the same provisions of the National Firearms Act.
In addition to the $200 tax, owners of guns that are deemed “assault weapons,” under Biden’s view of the NFA, could also be required to register these weapons with federal authorities, submit their finger prints and photograph, and potentially submit to an FBI background check.
All of this is detailed on Biden’s campaign website, which states in bullet-point form (emphasis in original):
Regulate possession of existing assault weapons under the National Firearms Act. Currently, the National Firearms Act requires individuals possessing machine-guns, silencers, and short-barreled rifles to undergo a background check and register those weapons with the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF). Due to these requirements, such weapons are rarely used in crimes. As president, Biden will pursue legislation to regulate possession of existing assault weapons under the National Firearms Act....
Related
Joe Biden’s Gun Policy Could Tax Gun Owners $200 for Every ‘High-Capacity’ Magazine They Own, Breitbart, October 19, 2020: Standard capacity magazines will be reclassified as "high capacity magazines".