Montana-based manufacturer Rex Silentium is offering up a unique way for customers to buy suppressors – Bitcoin. Obviously, any NFA controlled item needs to follow the proper legal process of transfer and ownership, but it appears that Rex Silentium is the first manufacturer in the industry to accept cryptocurrency. Because of the paperwork, recording keeping … Read More …
SEC. 2. Increase in excise taxes relating to firearms.
(a) In general.—Section 4181 of the Internal Revenue Code of 1986 is amended to read as follows:
“SEC. 4181. Imposition of tax.
“There is hereby imposed upon the sale by the manufacturer, producer, or importer of the following articles a tax equivalent to the specified percent of the price for which so sold:
“(1) Articles taxable at 20 percent:
“(C) Firearms (other than pistols and revolvers).
“(D) Any lower frame or receiver for a firearm, whether for a semiautomatic pistol, rifle, or shotgun that is designed to accommodate interchangeable upper receivers.
“(2) Articles taxable at 50 percent: Shells and cartridges.”.
Text for H.R.5103 – 115th Congress (2017-2018): Gun Violence Prevention and Safe Communities Act of 2018
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Stories have been circulating about Vermont testing blockchain for recording real estate transactions.
A contact at Propy informs me that the city of South Burlington, Vermont, just became a global blockchain leader by locking in the first US real estate deed completely on blockchain.
In October of 2017, Business Insider reported Propy Announces World’s First Real Estate Purchase on Ethereum Blockchain.
Natalia Karayaneva, CEO of Propy said, “This is only the beginning. With this transaction, we’ve broken first ground in putting the $217 trillion real estate market on the blockchain. We’re starting with Ukraine, but over the coming year we plan to facilitate real estate transactions with the use of PRO tokens in California, Vermont, and Dubai.”
Business Insider posted this disclaimer “Propy is the source of this content.”
I make the same disclaimer.
My contact says “This first deal makes it much easier for the rest of the 49 states to iterate the process. In fact, Arizona and Colorado are next.”
I have some questions and will post an addendum when I have answers.
First, this is not unexpected. I have many times commented that blockchain is perfect for real estate transactions. Real estate is low-volume, high-value. Buying candy bars on blockchain is not practical. Blockchain does not scale.
Second. This does not change my attitude towards cryptos. At some point everything will be crypto, but it will be government-sponsored and it will not be Bitcoin nor Ethereum.
Finally, and most importantly, entire chains of business will vanish.
Think of the business of title insurance. Poof!
- 12.5″ Aero Precision 308WIN barrel
- 15″ Aero Precision M-LOK Enhanced Hand Guard
- Aero Precision M5E1 Upper Receiver
- Seekins Precision Adjustable Gas Block (tuned for suppression)
- Charging handle
- Bolt Carrier Group Complete BLACK NITRIDE
- Upper Received and Hand Guard Cerakote in FDE (flat dark earth)
- Pinned and Welded Suppressor (non-SBR) for 19.75″ total barrel length
- FIDELIS 300 Magnum Suppressor Black Cerakote
Test firing 149gr Lake City NATO (2790fps):
Unweighted SPL: 142.2, 138.2, 137.8 (AVG: 139.4)
C-weighted SPL: 133.8, 133.9, 134.8 (AVG: 134.2)
Complete integrated upper assembly (accessories not included): $2250.00
Clearance of an ICON!!!
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One of the most counterfeited designs in the muzzle brake market!! We began selling this design in 2012 and since then the Chinese have had a lot of fun copying this effective design. But now we must move on and design the next Extreme Duty TriDelta that will surely be copied by the shameless bottom-feeding manufacturers and importers. This is your chance to get the ORIGINAL EDT brake at the rock bottom price. Choose the real deal, choose the ORIGINAL Extreme Duty TriDelta Muzzle Brake!!
The National Rifle Association is shifting into high gear to shoot down federal and state barriers to buying gun suppressors, believing that the inauguration of President Trump will help to clear the way to easy and low-cost purchases of silencers.
“It’s going to be a new day, it’s a new opportunity to hit the reset button,” said Chris Cox, NRA’s chief lobbyist and the executive director of the NRA Institute for Legislative Action. “This is a fight we can win,” he added during last week’s annual SHOT Show in Las Vegas.
The Hearing Protection Act of 2017 is the vehicle for ending the federal $200 tax and waiting period for purchasing silencers, and it has won the full support of the NRA.
Critics have mocked the name as simplistic, but Trump’s son, Donald Jr., recently said the issue is all about hearing health. “It’s about safety, it’s about hearing protection, it’s a health issue,” he said. “There’s nothing bad about it at all.”
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He added that the Occupational Safety and Health Administration would shut down gun ranges because of noise if the Labor Department agency had its way.
While countries in Europe approve the use of suppressors at ranges and while hunting, the gun accessory has been demonized in America, especially in movies where they are often shown as the tools of assassins.
To help lawmakers pushing the Hearing Protection Act, Cox and others at the NRA have stepped up their campaign against that image while making the case that it’s an extension of gun safety.
“Criminals don’t use them other than in movies,” Cox said. He said Hollywood and the media are “intentionally trying to mislead the American people, scare ’em.”
The NRA’s Internet star, lawyer and gun rights activist Colion Noir, is also fighting the issue on his NRATV show.
“I ought to be able to protect my life without going deaf in the process,” he said. “Complacency and apathy will always be the catalyst to the degradation our rights,” he said. “You know who decides what normal is? The people with the loudest voice. So if you want to protect your freedom, take the suppressor off your mouth and put it on your gun.”
FAIRFAX, Va. – The National Rifle Association Institute for Legislative Action (NRA-ILA) applauded Congressmen Jeff Duncan (SC) and John Carter (TX-31) on Monday for introducing the Hearing Protection Act, an important bill that gives gun owners and sportsmen the opportunity to better protect their ears and hearing.
“Many gun owners and sportsmen suffer severe hearing loss after years of shooting, and yet the tool necessary to reduce such loss is onerously regulated and taxed. It doesn’t make any sense,” said Chris W. Cox, executive director, NRA-ILA. “The Duncan-Carter Hearing Protection Act would allow people easier access to suppressors, which would help them to better protect their hearing.”
The Hearing Protection Act, H.R. 367, would remove suppressors from regulation under the National Firearms Act, replacing the federal transfer process with a National Instant Criminal Background Check. The bill would reduce the cost of purchasing a suppressor by removing the $200 transfer tax.
Suppressors are often mischaracterized in Hollywood. They do not “silence” the sound of a firearm. Instead, they act as mufflers and can reduce the noise of a gunshot to hearing safe levels. Not only do suppressors reduce hearing damage for the shooter, they reduce the noise of ranges located near residential areas.
H.R. 367 would make it easier for gun owners and sportsmen to purchase suppressors in the 42 states where they are currently legal. Purchasers would have to pass a background check to buy them, and prohibited people would be denied.
NRA is proud to have partnered with ASA on this important legislation.
“Gun owners and sportsmen should be able to practice their sport with the tools necessary to do so safely. This bill makes it easier for them to do that,” concluded Cox.
“The top item Americans say they are likely to buy because of the election is a gun,” according to a survey for the supply chain firm Elementum. What’s more 97 percent of Americans are holding off major purchases “due to the presidential election.”
On top of the list of items all age groups are considering is firearms, said the survey. Some 16 percent “plans to buy a firearm as a result of the upcoming election. Among Americans living in the South, the figure is nearly 1 in 5 (19 percent) and among Gen Xers (35-44 year olds) the number is nearly 1 in 4 (23 percent) especially among women (24 percent),” said Elementum.
Their survey was done by Harris Polls.
Beretta on Tuesday unveiled a pre-election sale, offering 20 percent on magazines. Clinton has sided with those pushing for limits on cartridge magazines. And the sports chain Gander Mountian is running a pre-Election Day sale on semi-automatic weapons including AR-15 rifles.
— 15 percent of Gen X men and 16 percent of Millennial men will secure a passport because of the election.
— 13 percent of Gen X men and 10 percent of Millennial men will stock up on precious metals.
Video and Test Results in product description.