Cook County Enacts $25 Per-Gun Tax On Firearm Purchases

After reading the following a short time ago about Cook County (Illinois) Board President Toni Preckwinkle’s gun tax on law-abiding residents to pay for the stupid actions of local criminals, I thought to myself, “I can’t get out of Cook County fast enough.” From Hal Dardick on the Chicago Tribune website at lunchtime:

The cost of buying cigarettes and guns in Cook County will rise next year after commissioners today voted 16-1 to approve County Board President Toni Preckwinkle’s $2.95 billion budget.

In addition to the $1-per-pack increase on a pack of smokes and a new $25 per-gun tax on firearm purchases, the board also enacted a 1.25 percent use tax on large out-of-county purchases, with an exemption on the first $3,500 spent. There’s also a $1,000-per-year tax on slot machines and a $200-per-year tax on video gambling terminals.

The cigarette tax increases March 1, while the use tax and gun tax are effective April 1.

(Editor’s note: Italics added for emphasis)

So, it’s now “official”- Cook County, Illinois, is now the only place in America that levies a special tax on purchasers of firearms.

At least for now.

Funny how Cook County officials and the “watchdog” Chicago news media never talked about how this new gun tax will impact major sporting goods retailers who do brisk business selling firearms and have a presence in the county, such as Cabela’s and Dick’s Sporting Goods.

I’m guessing their respective corporate offices are running the numbers right now to decide whether or not to shut down their retail stores in Cook County.

A subject that’s already being discussed.

“Opening Soon! The Trinkets And Other Crap For Sale Store”

Soon-to-be-seen signage at the former sites of 40 or so gun shops and the Hoffman Estates Cabela’s in Cook County? There’s plenty of these kinds of businesses already around.

In total, Cook County Board President Toni Preckwinkle and the 17 Cook County Commissioners just hiked fees and taxes for area residents and business by a projected $41.7 million. Meanwhile, Cook County residents and businesses struggle to keep afloat in the ongoing financial crisis.

Forward!

Source:

Dardick, Hal. “New Cook County budget includes $1-a-pack cigarette tax hik.” Chicago Tribune. 9 Nov. 2012. (http://www.chicagotribune.com/news/politics/clout/chi-new-cook-county-budget-includes-1apack-cigarette-tax-hike-20121109,0,384861.story). 9 Nov. 2012.

Share

Tags: , , , , , , , , , , , , , , , , , ,

4 Comments to Cook County Enacts $25 Per-Gun Tax On Firearm Purchases

  1. WTF is a “1.25 percent use tax on large out-of-county purchases”?!?

  2. tj & the bear on November 9th, 2012
  3. Thanks for the question tj & the bear.

    WTF is a “1.25 percent use tax on large out-of-county purchases”?!?

    From the Crain’s Chicago Business website earlier today:

    Ms. Preckwinkle also proposes a 1.25 percent tax on out-of-county purchases of non-titled property that total $3,500 a year or more if the property is to be used inside the county.

    But according to a Chicago Tribune article Friday:

    The 1.25 percent “buy-local tax” on out-of-county purchases, expected to bring in $13.8 million, is on shaky legal ground, according to a Taxpayers’ Federation of Illinois analysis. Preckwinkle’s aides said they believe the law will withstand any legal challenge.

    Expect other legal challenges to the newly-approved Cook County budget as well.

  4. Editor on November 11th, 2012
  5. I just saw this story somewhere else. How can someone be fined for something they haven’t even done nor are statistically likely to do?

  6. Mike on November 11th, 2012
  7. Thanks for the comment/question Mike.

    How can someone be fined for something they haven’t even done nor are statistically likely to do?

    You mean, a discriminatory tax on a Constitutional right that penalizes one group of citizens (law-abiding Cook County residents) for the stupid acts of another (criminals) doesn’t make sense to you?

    Same here.

    Wonder how long it will be before the lawsuit is filed?

  8. Editor on November 12th, 2012
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

PLEASE RATE this blog HERE,
and PLEASE VOTE for the blog below:



Thank you very, very much!
Advertising Disclosure here. Ad captions last reviewed/updated 2/18/17.
ANY CHARACTER HERE
Family-Owned & Operated in Chicago Suburbs! Save 10% Off all items (promo code- home page); Free Shipping (U.S. orders) & Returns. Review coming soon.
ANY CHARACTER HERE
Buy Gold And Silver Coins 90% JUNK SILVER SALE; Secondary Market Silver Sale (1 oz. coins, 1 oz. & 100 oz. bars; Huge Silver Bar Sale (10 oz. individual & monster boxes)! World Gold (Bullion) Coins/Bars also on sale; Free Shipping on U.S. orders $99 and up (only $5.95 below $99!). BGASC reviewed HERE.
ANY CHARACTER HERE
BullionVault World's Largest Online Investment Gold Service taking care of $2 billion for over 65,000 users from 175 countries. BullionVault.com reviewed HERE.
ANY CHARACTER HERE
Presidents' Day Sale! 1-Week Emergency Food Supply $17.76 (thru 2/21); Save 20% off All #10 Cans; Big Savings on "Deal Of The Day" page; Free Shipping on orders over $79. MyPatriotSupply.com reviewed HERE.
ANY CHARACTER HERE
bullet proof vestsWorld's First Bulletproof Baseball Cap only $129; Bulletproof Ceramic Plate (NIJ Level III Stand-Alone) only $169; Bulletproof Backpack/Messenger Bag Panel only $99. BulletSafe reviewed HERE.
ANY CHARACTER HERE
Survival Titles Save 20% Save 35% on All Martial Arts Titles (promo code- home page); Discontinued Title Sale- Savings up to 75% Off Original Price. Paladin Press reviewed HERE.
ANY CHARACTER HERE
This project dedicated to St. Jude
Patron Saint of Desperate Situations



happyToSurvive

Categories

 

Archives

RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

  • Thoughts On Safe Deposit Box Article By The Straits Times
    Yesterday I came across an article on The Straits Times (Singapore) website entitled “Time to part ways with safe deposit boxes.” Business editor Lee Su Shyan wrote Sunday: Growing up, having a safe deposit box symbolised financial adulthood, even more than scoring that exclusive credit card. But that’s not a view shared by many nowadays. […]
  • Next Degussa Numis Day To Take Place February 23, 24
    Speaking of numismatics this morning, Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has posted information about the next Numis Day (first blogged about here) at their Geneva and Zurich showrooms. From their website: The Next Numis […]
  • Related Reading: Precious Metals, Collectible Coins Have Shined In The New Millenium
    Just recently, I brought up a MarketWatch piece that focused on rare coins as investments. Collectible coins are often placed in safe deposit boxes for safekeeping. Today, I want to point out a February 2 article on the website of Numismatic News that analyzed the performance of precious metals against U.S. stocks from the end […]
  • Latest Offshore Safe Deposit Box Promotions
    Here are the latest limited-time specials from offshore safe deposit box facilities listed on this blog’s sister site (link included to web page where each promotion is displayed): Asia Titanium Safe Deposit Box (Kota Kinabalu, Sandakan, and Tawau in Sabah, Malaysia)- “Senior citizens 60 years old and above enjoy 25% off safe deposit box rental.” […]
  • List Of Offshore Private Vaults Updated
    Updates have recently been performed on the list of private, non-bank vaults outside the United States (offering safe deposit boxes/lockers at a minimum) located on this blog’s sister site- Offshore Private Vaults. Safe deposit facilities now open for business have been added under the following countries: -Germany (pro aurum, Bad Homburg) -Hong Kong (UltraVault by […]