The Democrats want to give a $5000 tax credit to couples who spend money on products made by small businesses in the USA. I plan on buying guns, gold, ammo, and other important supplies.
I just have to source them from qualifying vendors.
Categories: Taxes
17 Comments
SoCoRuss · February 29, 2024 at 12:59 pm
The exclusions not allowed are about the only things actually made here anymore.
Every day I am truly amazed at the level of stupidity of the cretins elected to political office. Maybe its because we have successive family lines being elected and the stupid gene is very active in some family lines.
Always remember these people will be protected by the govt during and after the collapse and will be in bunkers. Make you you have a spare concrete truck handy to back fill all the entries and air intakes.
Jonathan · February 29, 2024 at 3:06 pm
You’ll have to pass on the guns since they are explicitly excluded.
And I suspect the tobacco and gold fall under luxury items and so are also excluded – but that still leaves ammo!
Jonathan
Divemedic · March 1, 2024 at 9:00 am
There are ways around it. This isn’t a firearm.
Neither is a 3D printer.
Or a Ghost Gunner.
I don’t think that they can exclude Gold Eagles as luxury items, because they are official US currency.
Plague Monk · March 1, 2024 at 1:36 pm
If this passes, what I’ll do is get a high end 3D printer; maybe one that uses metal instead of resin, and start working on my very own spaceship. Or other things, such as miniatures, etc… I already have high end CAD software, so I can do a lot.
One other thought is to get a decent lathe so that my wife can do some machining(I’m a very good designer, but I’m all thumbs as to actually working with my hands).
Other ideas include bartering; we plan on exchanging chicken eggs for some books on Byzantine history once we get our coop built and our flock established. I’m sure that there are other items that could be bartered.
I frankly doubt this will pass, though. The Elites didn’t like how many of us invested in lead and brass during the giveaways a few years ago.
Big Ruckus D · February 29, 2024 at 3:46 pm
DM, surely there will be carve outs for non-qualifying product categories (like guns and ammo). You really think there is going to be “free” money to buy the good shit with? They want us buying more corn and porn, not anything that improves our self sufficiency or ability to defend ourselves. And I find it surprising the offer has the married couple qualifier, as they don’t really want that either.
Pete · February 29, 2024 at 4:40 pm
Bad news: “… the bill excludes luxury items, tobacco, firearms and vehicles…”.
neomunitor · February 29, 2024 at 5:37 pm
I see the proposed bill specifically excludes firearms, so that’s out. But maybe ammo is okay, but I bet they exclude that. Reloading equipment should be good. I’d really like a small CNC mill, but those aren’t made here. A Swiss Screw lathe would be nice. Might be able to get small CNC plasma or CO2 laser cutter made here that is suitable for making accurate plates for bending. Truth is not a lot is made here that is reasonably priced. Maybe a good welding machine.
Bigus Macus · February 29, 2024 at 5:41 pm
Yes, you can get a lot of this from Walmart still.
It's just Boris · February 29, 2024 at 5:47 pm
So there’s a Cabot in your future?
Elrod · March 1, 2024 at 5:35 am
It excludes “firearms” but does the exact language exclude “manufactured metal objects” (aka “refined raw ore”) ?
Noveskes Rock · March 1, 2024 at 7:43 am
Flamethrowers aren’t technically firearms (although they should be based on the word!) and there are several boutique manufacturers in the US.
Dirty Dingus McGee · March 1, 2024 at 8:22 am
The bigger caveat in the proposal;
Exclusively targeting products from small businesses defined by the Small Business Administration as having fewer than 500 employees,
So you will have to research the company before you hand over your peso’s. And I bet the final draft will include some form of race based qualifiers. And lgbtqxyz zerson’s. And “asylum” seekers.
No tax credits for YOU, evil white bastids.
Divemedic · March 1, 2024 at 9:02 am
That’s what accountants are for.
Ozborn · March 1, 2024 at 10:12 am
Yup, another brick in the “Premanent Employment for Accountants” edifice. Companies will have to sign up and certify their status – I’m sure the approval process will not have any political taint what-so-ever. The Income Tax (and all subsequent finagling thereof for social effect) has been utterly poisonous to our society.
Anonymous · March 1, 2024 at 10:21 am
I swear if you told me there was one functioning brain cell in DC I wouldn’t believe it.
That includes (especially) Janet Yellen and the Fed.
SoCoRuss · March 1, 2024 at 1:32 pm
Took another look at the proposal. It says nothing about not being able to buy gift cards, So buy gift cards from the company of your choice: Bass Pro, Brownells, PSA, Ammo seek:”
Anonymous · March 1, 2024 at 2:29 pm
What’s to stop someone from making a purchase, experiencing buyer’s remorse, returning product, then using the refund for one of the things they say you can’t have? Will they be monitoring for returns and add those folks to the existing lists for later shakedowns/raids?
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