Jump to content
Rimfire World Community
Visit Brownells Visit AR15 Builder Visit Visit Site Visit Ballistic Advantage Visit Aero Precision Visit Cabelas

imschur

Administrators
  • Posts

    5,199
  • Joined

  • Last visited

  • Days Won

    1

Everything posted by imschur

  1. Thats cool. .22 is the most popular caliber in the country. It's just taken a long time for most manufacturers to grasp this
  2. Shit their cities that dont allow many traditional knives to be shipped to residents
  3. No not that but new fishing gear Bought a new spinning reel a Shimano Sustatin 2500 FE and a ST Croix Legend Elite rod to go with it. The reel just arrived and Im waiting for the rod to be built. The Friday before labor day is the first of my two annual trips for steak and fishing that I posted elsewhere.
  4. From the Wall Street Journal Governor Pat Quinn recently added to his reputation as America's most taxing politician by signing a law applying the state's 6.25% sales tax to Internet purchases made in Illinois. Within hours, Amazon, the online book and merchandise seller, announced it would discontinue using any of its 9,000 Illinois small business affiliates to avoid having to collect the tax. Congratulations, Governor. The issue of whether and how states should tax Internet sales is back as one of the hottest in state legislatures. Colorado, New York, North Carolina and Rhode Island already impose some version of what has become known as the "Amazon tax," and at least a dozen other deficit-plagued states are advancing similar bills. This political brawl unites liberals with brick-and-mortar retailers, such as Wal-Mart, Best Buy and Target, against taxpayers and such online retailers as Amazon and Overstock. Internet sales reached $165 billion last year and have been growing by nearly 15% annually. The first issue is whether the Amazon tax is constitutional. New York's law is now being challenged in court as a violation of the Supreme Court's landmark 1992 Quill decision. In that case the High Court ruled that a state cannot impose a tax on a company if it does not have a physical presence in that state. This decision originally applied to mail order sales, but the same principle applies to firms that sell over the Internet. If the company does not have an office, store or warehouse inside a state, the state cannot compel the firm to collect sales tax. Illinois and others are trying to broaden the concept of physical presence to include doing business with any affiliate inside the state's borders, such as online advertisers. The Quill standard may be the last line of defense against what would become a raid by governments at all levels on interstate online commerce. One virtue of the U.S. federal system is that it allows states to compete on tax policies. The courts should insure that a firm has a genuine physical presence in the state—not merely an online presence—to impose its taxing power. States retain the right to collect a "use tax" from their residents who make purchases from out-of-state companies or over the Internet. Even if the courts rule against online sellers, states are fantasizing if they believe this tax will raise as much money as they hope. As in Illinois, Amazon has announced that it will cease doing any business with affiliates in any state that imposes this tax, and the firm hasn't been bluffing. So far it has closed its affiliate program in every state with the tax, except New York (where the law is under challenge). Paul Dion, head of Rhode Island's revenue analysis office, says that "To date nobody has come forward to remit sales tax to us under that [online sales tax] statute." North Carolina's tax office reports that the state had raised all of $4.6 million as of January from the new tax, a small fraction of what legislators predicted. A study by the Tax Foundation has found that because of the retaliatory steps taken by Amazon, Rhode Island and North Carolina may have lost money because online marketing companies have closed down, or relocated outside the state. Retailers are understandably worried about competition from online sellers, and there is no doubt that sales taxes influence where and how people make purchases. One irony of this fight is that the same liberals who claim that taxes don't affect behavior are telling state legislators to tax Internet sales or people will buy everything online or outside the state to avoid paying taxes. The big retailers say that imposing state sales tax on e-commerce will level the playing field. But Internet firms don't use government services in the way that retailers do. If Amazon's headquarters in Seattle catches fire, no Illinois fire fighter is going to put it out. It also seems an undue burden to require Internet firms to comply with 8,000 separate sales tax jurisdictions around the country. The retailers have tried for years to get Congress to approve a "streamlined sales tax" compact among the states as a way to collect Internet taxes, but this seems unlikely to pass and many states would refuse to join in any case. The best outcome would be for states to begin to rethink their tax policies in this new era of e-commerce. For states to impose sales taxes as high as 8% or even 10% may no longer be feasible, much as a U.S. corporate tax rate of 35% is no longer competitive with the rest of the world. Smart states are rethinking their spending commitments, and they will also have to adapt by broadening their sales tax base and lowering rates. Many states exempt about half of their consumption base from sales tax, including groceries, barbers, drugs, legal services, hospitals and more. States could broaden the base and cut their rates in half. The biggest false claim is that e-commerce will bankrupt states. This is what retailers and state legislatures said after the Quill decision, but sales tax receipts soared in the decade afterward. The most important influence on state tax receipts is economic growth, and revenues in some states are already returning to their pre-recession peaks. If Governor Quinn weren't so busy driving business out of Illinois, he might not have to pretend he can raise revenue from taxing the Internet.
  5. all hail the rat king ;D
  6. If they are reaching this far with such insanity whats next? Taxes collected because tv commercials show in your home state?
  7. Welcome and thanks for joining
  8. States are desperate to find cash anywhere they can. They are seeking ways to make online retailers collect taxes. Currently online retailers only collect taxes for states if they have a physical presence in the state. So the tax geniuses in several states had a brainstorm. They want to force online retailers to collect taxes based on affiliate links and advertising. This site is an example of that. All those banners on the side of the forum are "affiliate links". Based on this the state of Connecticut where I live will require all those companies to collect taxes from Connecticut residents for purchases made because of my relationship with those companies. Affiliates do not touch a product, do not sell anything and are not employees of these companies. Historically businesses terminated all affiliate relationships (terminated funding) in the states that have passed these laws. The result is no taxes are collected. In fact these laws have a detrimental effect on state tax revenue. Folks like me actually have to pay personal income tax on the money made in these affiliate relationships. That taxable income will be gone. Furthermore the money that's left after taxes goes to things like web hosting, server rental,internet connection,software,support, gas for trips to the gunshop, starbucks hot chocolate, donations to the NRA,CCDL,NRA ILA, SAF etc. The "Amazon Tax" has already passed in a few states. A bunch more getting in line. The tax is named after Amazon because they are the biggest player. They arent opposed to collecting taxes they just want it fair and one tax an internet tax thats the same for everyone. Make no mistake this will affect almost every website you visit that has an advertisement linking back to a retailer. This is how popular websites are funded. Currently Amazon.com has taken the State of New York to court on this. Ill post some links later with more information.
  9. remind me later
  10. Bring it on :thumb:
  11. I shot a S&W 1006 when it was released. That was a hefty pistol and you knew you just sent something hot down range. Accurate combo. I miss those Gen 3 smiths
  12. Me too!
  13. Regarding the polishing. That can become addictive on firearms once you get used to the results. Brownells sells big sticks of the compounds (and Flitz) in various grits. I took a 3600 rpm dc motor and Dc drive and bade a fixture with two bearings and a shaft and made a two wheel buffer out of it. I used it for polishing gun parts and blades on my woodworking tools. The cool thing about the DC was variable speed and constant torque Anyhow we also kicked around polishing a little here. The MAAS I refer to in the first post is used to polish fine instruments like the measuring surfaces of micrometers. It excels as the last step in a mirror finish. I even polish bullet casings for photographs. I cant recommend the MAAS stuff enough.
  14. fantastic
  15. They need to get on 1911 pistols that appeal to the masses for sure
  16. what else are you going to do?
  17. nice
  18. welcome :thumb:
  19. Guys Kilibreaux may make this look and sound easy but without a thorough understanding of a weapons mechanics it's real easy to get yourself in trouble, hurt or both. SnakeWrangler, while I have no experience working on the firing mechanism of this rifle it looks to me like the round was fired without being fully chambered or the bolt all the way home. Either condition results in an unsupported case and a subsequent rupture. Somethings wrong. Ill let this thread go a bit longer but guys please exercise caution when modifying any firearm without proper training. Disclaimer: This thread is for informational purposes and you are performing these modifications at your own personal risk and are not condoned or encouraged by the operators of this site.
  20. <blockquote> Freedom Group gave no reason for withdrawing the IPO but the company has been struggling as demand for its key products slips. It posted a $6.7 million loss on sales of $744.3 million last year, down from a profit of $54 million and sales of $848.7 million in 2009. ... Eric Wold of Merriman Capital, who covers firearms firms Smith & Wesson (SWHC 3.53, 0.00, 0.00%) and Sturm, Ruger (RGR 23.05, -0.04, -0.17%) noted that “the fastest growing part of the industry is handguns” and that Freedom “has none of it.” He said “it is likely to see them make a move and acquire one of those two companies to put themselves in a better position for an eventual IPO.” </blockquote>
  21. I should have took that path. I surfed site after site to end up with Glock, EAA and a few stray 1911's
  22. I was thinking I wouldnt mind having a 10mm handgun. I first checked out Glock but then decided to see what else was available. I was surprised to see there wasnt many offerings from the main stream manufacturers. Is 10mm fading away? Has .40S&W won the battle?
  23. welcome
×
×
  • Create New...