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Thread: Did the law change?
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February 24th, 2022, 10:18 AM #11
Re: Did the law change?
Repealing the NFA won't happen. You never hear the ATF or even Congress critters talk about permabanning NFA weapons or suppressors, because the NFA transfers are a cash cow for the ATF. It's many millions of $$$ every year.
You don't write checks or MOs for the transfer taxes to "United States Treasury" like is done when you owe tax to the IRS. The payee is "BATFE". Now, BATFE says they deposit the transfer tax $$$ in the Treasury; a data table on their website for 2020 states that transfer taxes go to the general fund of the US Treasury. What we don't know is if those $$$ are "credited" to the BATFE budget.
For 2020:
NFA registration applications (and transfer applications) 487,745
NFA registrations processed (total weapons) 512,315 forms (2,353,436 weapons)
NFA making and transfer tax collected $51,700,000
That bears repeating:
$51,700,000
in NFA transfer taxes collected in 2020.
(source: https://www.atf.gov/resource-center/...scal-year-2020)
Fact is, .gov gets $$$$$$$$, and they ain't gonna let that go. It's the sole reason that the "Hearing Protection Act" to remove suppressors from NFA failed to make it through Congress a few years back. BATFE testified in committee that removing suppressors from NFA would "break their rice bowl" and additional appropriations would be needed to make up the loss to BATFE.
What's that saying? Oh, yeah . . . Follow the $$$.
NoahLast edited by Noah_Zark; February 24th, 2022 at 11:03 AM.
Wisdom and knowledge shall be the stability of thy times.
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