ccsniper
member
This
Big score at Walmart, but not for me ;(
- Thread starter mopar92
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No FFL required to sell ammo here in Indiana, thats a Federal thing anyway.
Last time I looked Indiana was part of the United States, and yes it is a Federal thing. You need a Federal Firearm Lic. (FFL) to sell ammo anywhere in the US. Just call the BATF to clear that up. (LOL) I am sure they are just waiting to hear from you.
Actually FOID's are not that bad (I have had mine since 1984), I can purchase any legal firearm in the state with just a NCIS check. And I am sure I don't want the goon next door to go out and buy up all the ammo at walmart just to sell it on the internet (Gunbroker.com).
Jim
Unless you have a physical presence in a state, there is no sales tax on internet sales. That is why I have to pay sales tax to OpticsPlanet (they are here in Illinois, but no sales tax to Midway USA).
Last time I looked Indiana was part of the United States, and yes it is a Federal thing. You need a Federal Firearm Lic. (FFL) to sell ammo anywhere in the US. Just call the BATF to clear that up. (LOL) I am sure they are just waiting to hear from you.
Actually FOID's are not that bad (I have had mine since 1984), I can purchase any legal firearm in the state with just a NCIS check. And I am sure I don't want the goon next door to go out and buy up all the ammo at walmart just to sell it on the internet (Gunbroker.com).
Jim
Unless you have a physical presence in a state, there is no sales tax on internet sales. That is why I have to pay sales tax to OpticsPlanet (they are here in Illinois, but no sales tax to Midway USA).
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MachIVshooter
Member
Did you mean to say DON'T need? You need an FFL06 to MANUFACTURE ammunition for sale, but not to retail commercially manufactured ammo.
I believe there actually are a few states that do charge sales tax on internet sales going out of state, but I'm too lazy to look them up right this minute.
MachIVshooter
Member
Volkmer-McClure (FOPA) did away with the FFL requirement for ammunition retailing.
LOL! I love how you guys just make stuff up. No. You need a tax exempt license to be exempt. Not just good intentions. Costco charges you sales tax unless you show them your tax exempt license or tax ID number. They don't care about your story of a bake sale for cheer-leading camp.
Then call the police! OMG! Oh, wait, we don't know what they sold it for.
No, I said you don't need a tax ID. Sole proprietors can file a single individual return, no tax ID needed. Unless you have employees, then you must have a tax ID.
Already answered that. You can't sell used ammo. We call that brass. There is no such thing as not-for-profit resale. It's all assumed to be for profit. The state doesn't care if you make a profit, they want their cut.
You're mixing up state resale license with taxable income. The IRS doesn't care how you made your money. Just pay your taxes. They state want their cut, they don't care what your profit is.
So if this mythical genius gangsters/family of 8, are bad businesses who are screwing people then they will quickly go out of business. Capitalism works.
No one, except those crying about the high price of ammo, cares if a dumb family makes a single resale purchase. It's not a business yet. Most small businesses fail anyway.
Seriously if you guys think this is such a huge crime wave. Then call the cops.
"See something... say something." DHS
JRH6856
Member
If you really had your fellow reloader in mind, you would have bought the whole lot, kept what you needed and resold the rest at your cost. As it is, you probably left them for a someone else to buy and make the profit.
And who would have covered his loses if he got stuck with them? Government bail out perhaps?
Does this sound familiar?
"To each according to his needs" - Karl Marx
http://www.politicalaffairs.net/you...r-abilities-to-each-according-to-their-needs/
I agree. I understand the frustration of watching a bunch of people buy up the last of the ammo to resell at a profit but it really isn't up to us to decide whether they send it down range or resell. Many of the local gun shops around here now have signs that say "One box per PERSON, per FAMILY, per DAY".
If you think the ammo shortage is frustrating just wait until some fat family walks in and buys the last of the food ahead of you.
jcwit
member
While will not call the cops. My attitude towards crime is something liker one of the commandants, Thou shall not steal, doesn't say is OK to take/steal a 5 cent pencil and not rob a bank of thousands, just states, shall not steal.
sleepyone
Member
MagnumDweeb, some friend you have!
oneounceload
member
No, they do not, retail sales tax is only collected ONCE - and it was by Walmart. they are non-commercial folks who are now selling some personal items - And personal items are treated as non-taxable-no different than the women I know who go to garage sales and buy stuff to sell at either a flea market stall or their own garage sale
I went to Academy Sports in Little Rock this past Saturday. There were some signs of improvement. Of course, there was no .223 or 7.62X39, but the traditional hunting calibers were well represented and there was a lot in the way of shotgun shells (I bought a box of #6 Winchesters). I didn't ask about handgun ammo. I was glad to see a lot of self-defense shotguns on sale and they even had one of those new-manufacture Auto-Ordinance M-1 Carbines on the rack. There were .22 rifles of various kinds and commercial bolt-actions in the major calibers. There was a smaller than usual, but not insubstantial, variety of center-fire pistols available.
GoWolfpack
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The person he could have sold those primers to at cost to might have turned around and sold them for a profit. I just checked Gunbroker; an auction started 3/1 and ended this morning for 1000 CCI small rifle primers. The auction started at $75, and six bids later sold for the "buy it now" price of $105, plus shipping. When there are six people willing to bid the price of one box of primers up over $100, anyone still selling at pre-panic prices is an absolute fool just asking to be one link in the chain between manufacturer and person willing to pay $100 per thousand.
If sellers don't want anybody except end users to buy their products, they need to raise their prices as high as the market will bear. So long as sellers continue to sell at prices significantly lower than going market value, their biggest customers will be those planning to resell for a profit.
jcwit
member
I do not know what state you live in but this is a state by state issue. In Indiana if you buy an item at a wholesaler, distributor, or retail store for the purpose of reselling you are to collect sales tax when you sell it. And Yes technically sales tax is to be collected by those conducting/having a garage sale, but we all know at the present that is not enforced neither here in Indiana or any other state that I'm aware of.
There are counties and cities and towns that do require a license to have a garage sale however. The town My daughter lives in in Michigan requires a $20 dollar license to have a garage sale and then only allowed once a year.
So actually there many breaking the law, but getting away with it.
And Here in Indiana to have a spot at the local Flea Market you better have a Sales License, how do I know 20 years at the Shipshewana Flea Market. Any yes the Indiana tax division does pop in and check, as does the board of health to those selling food items.
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Certaindeaf
member
Well at least they are limiting purchases.. I think it took them over a month to institute them. I imagine some of these guys are going to multiple stores, yada yada. What a lame existence.
buck460XVR
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- 10,078
No need to get personal folks. While the legal ramifications of what these folks are doing is questionable for sure, the major reason for the disagreements here is the ethics behinds this. Ethics are always argumentative and very subjective. The fact that folks like this, whether individuals or retailers, are using this situation to gouge others, is just a fact of life in a Capitalistic society. We may not like it, but it's there. Just like greed in human nature. The sad part is, there are folks out there desperate enough or foolish enough to fall for it.
Another thought( as I play Devil's Advocate) is that a lot of the people buying ammo and reselling it could be unemployed or seriously underemployed and are looking for any way possible to
make one more month of rent, food, utilities etc.
If you don't like someone else's price, don't buy it.
If you own a gun, you should have known this was coming and bought when it was available.
make one more month of rent, food, utilities etc.
If you don't like someone else's price, don't buy it.
If you own a gun, you should have known this was coming and bought when it was available.
somerandomguy
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- 314
No it's not. In socialism they would give you FREE bullets.
MachIVshooter
Member
Dude, reading comprehension. Of course they'll pay sales tax up front when they buy the products. I never said otherwise. What NP organizations don't (generally) have to pay are taxes on profits, because the profits aren't for the organization. Do some reading on 501(c) status.
And even tax exempts will have to pay sales tax for products they buy for personal use.
Anything you sell online can be traced. The difficulty comes in proving the profit margins, and no, they're not likely to mess with small time stuff for this reason. But trust me, audits are serious business, and the agents conducting them know how to dig deep.
Again, we're talking about profits on goods, not income tax. SPs (I know, I am one) pay income tax on all income, whether labor or resale profits. Still need a tax ID if profiting from resale, whether a SP, LLC, Scorp, Co, Inc, doesn't matter. Only exception is states that don't charge sales tax.
You just don't understand. You can resell used items for LESS than you paid with no worries of being taxed in any place that I'm aware of, because the tax on the greater amount has already been paid. It's not profit if you lose money on the sale, because you already paid tax on the income you used to buy it, and paid the sales tax on the item at time of initial purchase. With relatively few exceptions, double taxation is not legal. The exception to this is automobiles, because they're taxed every time they're registered, whether they change hands or not.
Funny, I was thinking the same thing. I run a small business, I understand how taxation works.
That depends on their profits. A couple hundred dollars, no. A couple thousand, yes, and they have to file, technically.
I certainly don't care enough to make any phone calls, but someone might, and that is the risk people are taking when they do this stuff.
I'm not going to continue debating you, because you're being willfully ignorant about what some of us are trying to explain top you. I will simply reiterate that I really don't care, only pointed out that they may very well be violating tax laws by doing this. I have no vested interest in this, as I have no need for overpriced ammo nor am I an agent of the state.
Might benefit someone, though, to read through this and understand the risks they'd be taking if they decide to engage in similar practices.
Not really relevant to the OP or the buying and selling of ammo, but the last time I checked the IRS standard for a business was $500 in profit in a year, and they don't care how you make money, even if it is illegal (there is a place on tax returns for "other income"), but you will pay your taxes on it (how the Feds put away Al Capone). They don't even care if there is a paper or electronic trail, if you live beyond your means of visible support they will assume you have untaxed income.
MachIVshooter
Member
Exactly. And if you can't explain it, you end up owing.
Doesn't mean you have to keep meticulous records of every dollar that goes in and out of your hands, but when your spending perpetually exceeds your income by a significant amount, it raises flags.
No, you won't automatically get audited if your expenditures are greater than your income. For instance, I spent about $6,000 more than I made in 2012 (not using credit). Did I have another off-the-books income source? No. I sold a motorcycle, a truck and an automotive scanner - things I had owned for many years. Of course, as for sales tax, the truck and bike will be taxed when their new owners register them. The scanner was sold for less than I originally paid (by a lot), so no sales tax due. All three were a capital loss and had been bought with income that had already been taxed, so no income tax due.
But if I spent $20k more than I made every year for a decade or more, yeah, I'm sure I'd be dropping off boxes of paperwork to be scrutinized.
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