doublegunshop.com - home Forums General Discussion DoubleGun BBS @ doublegunshop.com Sell a Gun And Your get a 1099!

During the time that I ran a liquor business in nearly the highest per capita income zip code in the US, I did a great deal of my business in 1934 series one hundred dollar bills, received from blue hairs of means. These were wealthy, intelligent people who realized that the government was watching them too closely. True, they made those refrigerators full of 1934 hundreds in earlier times, maybe illegally, but they realized what was coming. "What Was Coming" was that our Federal Government would be looking deeper than just illegal activities in the future. They were right, now they are looking at anyone who can feed the welfare trough. I would recommend to our younger people that they ignore the "investment" concept and keep saved cash in mattresses or invest in their own business or property. Except for thieves and politicians, those who invested in mattress money and independent business are the ones who survived the recent emergency.

eightbore, I call that method making a deposit in the
'Bank of Sealey".

I see two Objectives, that the Evil Party has in mind:

1. Control, of everything, toliets, lightbulbs, guns, healthcare, and so on.

2. Money, every cent that you obtain, that they do not take, is lost revenue.

You Obamaniacs wanted Change, and you shall have it.

Unfortunately the desire to control all money outlays IMO spans parties and beliefs. One of the reasons I've been told,off the record, of course is that gun shows flea markets and the like are despised by politicians is because they are cash venues for the most part. The transactions are untracable and therefore untaxable. This,as you all know, is also true of the Internet and most States have been steadily whining about this situation. Don't expect this to continue forever.
Jim

Yes Jim you are correct, the Stupid Party is sometimes nearly as bad as the Evil Party.

AND WORSE YET! The 1099 reporting only has to do with business transactions as written, and as it was slipped through as a health measure. Worrying about gun show or flea marker transactions is the least of our future tax problems.

Consider this: Once all businesses gear up to report every $600-plus purchase transaction on a 1099-misc., the bookkeeping template will be in place to reduce the introductory amount of $600 to dollar one, simply by regulation. Once all purchase/sell transactions are lodged in the federal computers, the stage is set for a Value Added Tax.

VAT is a sales tax levied at every point of sale, from raw materials to manufactured product, through distribution, wholesale, retailer, and consumer; essentially a national sales tax to support Obama-care. No wonder the 1099 trick was buried in the health care law. EDM

So there's no excise tax requirement if a dealer sells a used gun?

That is correct.

There is lots in that 2700 page obamacare people don't know about.
How about the 3.8% home tax,did you know that?

"Tax on Home Sales. Imposes a 3.8 percent tax on home sales and other real estate transactions. Middle-income people must pay the full tax even if they are “rich” for only one day – the day they sell their house and buy a new one."

http://sayanythingblog.com/entry/surpris...tax-in-history/

Chains you can believe in.

The 3.8% "home tax" is irrelevant for the most part--the first $500,000 of profit on a principal residence is excluded from all federal tax ($250,000 for single taxpayers). One of the few tax benefits of the Clinton years.