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

Leave a comment

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.
ANY CHARACTER HERE
Emergency Foods Local vendor (Forest Park, IL). Review coming soon.
ANY CHARACTER HERE
Legacy Food Storage Review coming soon
ANY CHARACTER HERE
MyPatriotSupply.com reviewed HERE
ANY CHARACTER HERE
Buy Gold And Silver Coins BGASC reviewed HERE
ANY CHARACTER HERE
BulletSafe reviewed HERE
ANY CHARACTER HERE
BullionVault BullionVault.com reviewed HERE
ANY CHARACTER HERE
This project dedicated to St. Jude
Patron Saint of Desperate Situations

Categories

 

Archives