Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Concentrate on Dividend Record and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Freedom Force
  • Dick Young’s Safe America
  • Bank for International Settlements

Tacoma Politicians Use Loophole to Target Gun Owners

November 21, 2019 By E.J. Smith - Your Survival Guy

By Sergii Kuchugurnyi @ Shutterstock.com

In October I told you about an attempt by politicians in Tacoma, Washington to use a loophole to get around state law that prevents them from creating gun control laws by using the city tax code to target gun owners and gun shop owners.

The measure was momentarily thwarted by amendments, but ultimately passed on November 12, and will take effect July 1, 2020.

The tax will add $25 to the price of firearms sold within the city limits, and a 2-cent tax per round of .22 caliber ammo (and smaller calibers), and a 5-cent tax per round on larger calibers. You can buy some brands of .22LR online today for less than 4 cents a round, so 2 cents per round is a tax of over 50%. Such exorbitant taxation is solely meant to punish gun owners and gun shop owners. Many shops will go out of business. Shelby Miller and Casey McNerthney report for KIRO7 News:

Local shops, such as Surplus Ammo, said they wouldn’t be able to compete.

“The store will be closed by Jan. 1. We will close the doors, so there will be 11 people unemployed,” said Surplus Ammo manager Bruce Smith.

The move could also impact Aero Precision. The Tacoma-based company is one of the largest gun manufactures in the country.

“This is our 25th year in Tacoma and we feel this is way outside the bounds of what should be done,” CEO Scott Dover said.

Dover said the tax could cost him hundreds of thousands of dollars a year.

“If it came down to it, we would consider all options, including moving,” he said. “Personally I think city council should be held to a higher standard. If this ordinance goes into place, jobs will move out, the revenue obviously won’t be there, and then what?”

Tacoma’s law follows a similar effort by Seattle. If legal challenges can’t put a stop to these unjust attempts to squash the firearms industry, such laws could be seen cropping up in cities all over the country.

Now more than ever, it’s imperative you get your guns and your training now.

 Originally posted on Your Survival Guy.

Related Posts

  • Anti-Gun Politicians Target Small Gun Shops With New Tactic
  • Trump Protected Gun Owners with Justices Kavanaugh and Gorsuch
  • What Gun Business Owners are Telling Me
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Your Social Life During the Pandemic and MORE - March 5, 2021
  • Secession: Impossible? Not if You Think Locally - March 4, 2021
  • Richard Young Reports: The Great Money Explosion and Disasters - March 3, 2021

Dick Young’s Must Reads

  • We’ll Burn the Place Down!
  • Democracy: The Most Dangerous and Insidious Effect of Majority Rule.
  • My Battle-Hardened Stock Market Strategy for the Worst of Times
  • <i>Warning!</i> Your Survival Guy’s on a Boil Water Advisory
  • Does Big Government Create Poverty?
  • Sen. Hawley Makes the Case Against U.S.-China Relationship
  • Top 10 Political Books #1: The Declaration of Independence and the Constitution of the United States of America
  • “The Losses are Taking a Toll on Their Health”
  • Where Have You Been? Now You’re Flying the American Flag?
  • You Need to Seek Some Shelter for When Things Get Ugly

Our Most Popular Posts

  • Do You Know About the Great Money Explosion?
  • What’s Responsible for the Global Decline in COVID Deaths?
  • Has Bill Gates Been Injected Yet?
  • Gov. Newsom Discovering the Power of the Pen
  • “God Bless America”
  • MAP: Track the States With No Mask Mandates
  • Is This Proof the COVID-19 Case Numbers are Fake?
  • Teaching A Family Investment: Warren Buffett’s Annual Letter and You
  • The Assault on “Our Democracy”
  • Here's What the Media Won't Tell You About Bill Gates

Disclosure

RSS Youngresearch.com

  • Your Social Life During the Pandemic and MORE
  • Good Timing? Virgin Galactic Shares Tumble After Chairman Sells Shares
  • Do You Remember When You Purchased Your First Home?
  • Which Fossil Fuel Wins in a Shift to Renewables?
  • Richard Young Reports: The Great Money Explosion and Disasters
  • Fidelity’s 26 Million Retail Accounts in 2020, Up 17%
  • You’re Rich When You Invest Like Croesus
  • Joel Kotkin: Economic Civil War
  • Depositors in Europe Now Being Charged by Banks
  • Teaching A Family Investment: Warren Buffett’s Annual Letter and You

MAP: Track the States With No Mask Mandates

Remind Us Why Washington Needs to Spend $1.9 Trillion

Your Social Life During the Pandemic and MORE

Hidden Agenda: Bill Gates’s Ulterior Motives

Does the Left Think Black Kids Are Too Dumb to Learn Math?

Secession: Impossible? Not if You Think Locally

Copyright © 2021 | Terms & Conditions | About Us | Dick Young | Archives