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Posted: 2/22/2006 1:18:48 PM EDT
[Last Edit: 2/22/2006 1:19:05 PM EDT by DoctorCheney223]
How does the government determine the FET on a firearm? If Bushmaster or Colt manufactures a firearm, are they taxed on what the manufacture states is the retail price or wholesale?

thanks,
Ron
Link Posted: 2/22/2006 1:34:32 PM EDT
Iirc (but double check) 11 per cent taxed on the maker

-hanko
Link Posted: 2/22/2006 2:27:48 PM EDT

Originally Posted By hanko:
Iirc (but double check) 11 per cent taxed on the maker

-hanko



Is that on the wholesale price? For example: they say the weapon should wholedale for $800 but then add $88 for FET and now the wholsale price becomes $888?

thanks,
Ron
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