I want to buy wooden arrows for competition, how is this tax fair.?He said that there is the same tax on bullets . Does it really cost $.75cents per bullet? Arrows are $ 75.00 or more per 100 and then they have to have feathers, heads and nocks.
2007-07-13 09:19:06 · 4 answers · asked by science teacher 7 in Business & Finance ➔ Taxes ➔ United States
As far as I know there is no federal tax on buying arrows. You might have a sales tax on buying the arrows, depending on what state you live in, but no federal tax. And no federal tax on bullets either.
2007-07-13 09:25:27 · answer #1 · answered by Anonymous · 0⤊ 4⤋
He's wrong. It's 40 cents now. But if the arrow is shorter than 18 inches, then it's tax-free.
Taxes don't have to be fair. In fact, that's the idea behind excise taxes like this. "Don't tax you, don't tax me, tax that fellow behind the tree."
Fishing rods, creels, reels, and artificial lures, baits, and flies are taxed at a 10% rate.
Pistols and revolvers are taxed at 10%, other guns and ammunition is taxed at 11%.
Like the excise tax on liquor, the manufacturer pays the tax and adds it into the price he charges.
2007-07-13 16:48:14 · answer #2 · answered by Anonymous · 3⤊ 0⤋
Qualified educational institutions may be exempt from paying that federal excise tax if the arrows are purchased for educational purposes.
Ask your retailer to look into that for you, or find a retailer who knows about this.
2007-07-13 17:30:42 · answer #3 · answered by ninasgramma 7 · 0⤊ 1⤋
Federal does not collect sales tax.
2007-07-17 09:05:32 · answer #4 · answered by Lin H 2 · 0⤊ 1⤋