New California "Gun Control" Law Causing Major Problems

Published on October 17, 2024
Duration: 8:00

This video details the significant financial impact of California's new 11% excise tax on firearms and ammunition, which took effect on July 1st. The speaker, drawing on information from a California firearms dealer, breaks down how this tax, combined with existing sales taxes and fees, dramatically increases the final cost of firearms, potentially making them unaffordable for many residents. A lawsuit challenging this tax is also mentioned.

Quick Summary

California's new 11% excise tax on firearms and ammunition, effective July 1st, dramatically increases purchase prices. For a $500 firearm, the total cost can exceed $718 after adding this tax, sales tax, and fees, representing over a 20% increase. A lawsuit, James v. Maduros, is challenging this tax.

Chapters

  1. 00:00Introduction to California's New Gun Tax
  2. 00:54Call to Action: Support Content
  3. 01:17The 11% Excise Tax Explained
  4. 02:48Example Breakdown of Tax Calculation
  5. 03:11CF and Sales Tax Calculation Example
  6. 04:02Portion Subject to Excise Tax
  7. 04:26Calculating the 11% Excise Tax
  8. 04:32Sales Tax Calculation
  9. 04:55Total Tax Amount on $500 Item
  10. 05:12Over 20% Increase on Base Price
  11. 05:25Final Cost After All Taxes and Fees
  12. 05:41Impact on Higher Priced Items
  13. 06:00Astronomical Pain for Consumers and Dealers
  14. 06:24Previous Discussions on the Tax
  15. 06:44Since July 1st: Consumer Impact
  16. 06:51Lawsuit and Organizations Involved
  17. 07:16Disproportionate Impact on Lower Income
  18. 07:35Visualizing the Financial Burden
  19. 07:45Conclusion and Thanks

Frequently Asked Questions

What is the new excise tax in California on firearms and ammunition?

California implemented an 11% excise tax on firearms and ammunition that took effect on July 1st. This tax is applied in addition to any pre-existing taxes and various other fees associated with the purchase.

How does California's 11% excise tax affect the final price of a firearm?

The 11% excise tax, combined with sales tax and other fees, can significantly increase the final cost. For a firearm with a $500 base price, the total cost can exceed $718, representing over a 20% increase from the original price.

Who is challenging California's new 11% excise tax on firearms?

A lawsuit named James v. Maduros is challenging the 11% excise tax. This legal action was brought forth by prominent Second Amendment advocacy groups, including the CRPA, 2AF, and FPC.

What is the impact of California's new gun tax on consumers?

The new tax makes firearms and ammunition significantly more expensive, potentially rendering them unaffordable for many middle-class and working individuals in California. It adds a substantial financial burden on top of existing costs.

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