General Discussion
In reply to the discussion: Gun Liability Insurance [View all]Ganja Ninja
(15,953 posts)Needless to say all guns and magazines would have to be registered.
I would set the yearly tax on magazines at $1 per bullet capacity. The tax on semi-auto handguns would be around $100 to $150 per year depending on whether it's single column or double column. The tax on an assault gun would be $300 a year but I would also include a multiplier for that based on the number of compatible magazines the owner has. Guns that don't require removable magazines and are not Semi-auto would be taxed at much lower rates.
Here's my formula for taxing an assualt type Semi-auto weapon. Lets suppose the gun owner has 6, 30 round magazines for the weapon too.
$300 tax for the gun
$1 per bullet capacity for each magazine 6 magazines X 30 rounds = $180
For what I would term the deadly force multiplier I would take the total capacity of all the compatible magazines for the weapon. If an owner has more than one example of the same weapon then all the magazines for both weapons would be used in this calculation. In this case 6 X 30 = 180 and that would be used as a percentage in this way.
($300 + $180) X 180% = $864 yearly tax
I would however offer a gun owner facing a large tax bill the option of surrendering his gun in exchange for a tax credit worth the market value of the gun.