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Rock Island Auction this past weekend
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December 15, 2019 - 5:32 pm
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Henry Mero said
The tax burden is arrived at in direct proportion to the amount of social assistance required by the population.

In other words, the number of social parasites supported by the working public.  For ex., search on the web what the daily cost to the gov’t is for taking care of the thousands of invader brats in ICE custody; but don’t do it if you have a weak heart or stomach. 

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December 15, 2019 - 7:51 pm
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In Oregon, marijuana is now legal, as it is in many other states, with a hefty “sales” tax.  It’s all about the money.  I’d sure like to know where the hell is all that extra tax revenue is going…

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December 16, 2019 - 4:52 am
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deerhunter said
In Oregon, marijuana is now legal, as it is in many other states, with a hefty “sales” tax.  It’s all about the money.  I’d sure like to know where the hell is all that extra tax revenue is going…  

In Alaska all the revenue from cannabis sales goes to the public school system.

Shoot low boys. They're riding Shetland Ponies.

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December 16, 2019 - 6:39 am
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Old Logger said

In Alaska all the revenue from cannabis sales goes to the public school system.  

No doubt this increased revenue has resulted in a great reduction in school property taxes; HA HA!!!  Just as all the money generated by state lotteries & casinos has done!

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December 16, 2019 - 6:52 am
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clarence said

No doubt this increased revenue has resulted in a great reduction in school property taxes; HA HA!!!  Just as all the money generated by state lotteries & casinos has done!  

Voters passed a $300 million school levy last year making my property taxes in crease $600 per year.  Now where are all the cannabis and lottery dollars going again??

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December 16, 2019 - 7:56 am
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Actually, no marijuana tax revenue in Alaska is used directly for public school education and unless the law is changed none of the marijuana tax proceeds can ever be dedicated for education. The marijuana tax in Alaska is general revenue. When Ballot Measure 2, the legislation providing the authority to tax marijuana, was passed in 2014, the bill required the State of Alaska Tax Division to deposit all the revenue derived from the marijuana tax into the general fund. Subsequently, in 2016 the legislature passed Senate Bill 91 which was a comprehensive criminal reform bill. This legislation included a provision that diverted half of the states marijuana excise taxes to programs aimed at reducing repeat criminal offenders – it is known as the Recidivism Reduction Fund. Under this law, the Alaska Department of Administration must separately account for 50% of the marijuana tax collected and deposit it in this fund. Later, on October 28, 2018, the Alaska State Legislature passed Senate Bill 104 which further changed the disposition of marijuana taxes and requires 25% of all Alaska marijuana excise taxes to be deposed into a fund called the Marijuana Education and Treatment Fund. So, the current scenario has 25% going to the general fund, 25% to the Marijuana Education Fund and 50% to the Recidivism Reduction Fund. A lot of people in Alaska believe public education is vastly underfunded and currently, hundreds of millions of dollars are needed to repair and replace schools damaged and destroyed by the November 2018 earthquake. But, under current law, no marijuana tax proceeds can be directly used for any public school education purpose. The legislature holds the purse strings for the general fund which still gets 25% of the marijuana tax revenue but education budgets are being reduced not increased. A big share of public school funding in Alaska actually comes from personal property taxes. Just wanted to set the record straight on this and I hope the forum will get back to discussing Winchesters!

1873winchester.jpgImage Enlargermodel1886.jpgImage EnlargerIMG_20171020_1710051554.jpgImage Enlarger

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December 16, 2019 - 2:49 pm
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deerhunter said

Voters passed a $300 million school levy last year making my property taxes in crease $600 per year.  Now where are all the cannabis and lottery dollars going again??  

Don’t forget, as the teacher’s unions always say, “nothing is too good for our kids!”  US already spends more per student than any country in the world, & much more than Asian countries like Japan, S. Korea, Singapore, whose schools turn out the highest achieving kids in the world. 

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December 16, 2019 - 7:20 pm
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What are your thoughts on the percentage of bluing on this neat old 1890?:  

https://www.rockislandauction.com/detail/78/153/winchester-model-1890-slide-action-rifle-with-19-barrel-letter

James

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December 16, 2019 - 7:25 pm
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What a nice model 1890. My opinion is RIA is pretty close with their 85% estimate. I wonder why it went back twice for R&R?

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December 17, 2019 - 12:49 am
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I also feel that RIA’s estimate is very close. If one is collecting rare Model 1890 rifles, this one fits the bill perfectly.

Bert

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High-walls-1-002-C-reduced2.jpg

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December 17, 2019 - 7:27 am
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Old Logger said

In Alaska all the revenue from cannabis sales goes to the public school system.  

I mis stated here. The Kenai Peninsula Borough dedicates cannabis revenue to schools, not the state. Sorry for the incorrect info.

Shoot low boys. They're riding Shetland Ponies.

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December 17, 2019 - 12:56 pm
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Before I looked at RIA’s figure, I guessed 87%, so think they are right on. Peter

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December 17, 2019 - 7:50 pm
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I’d like to thank tionesta1, Bert, and Peter for responding to my post. I was trying to get a better estimate for a second model that I own, since it is easy for some owners to overestimate their guns where condition is concerned.  In this case, I underestimated my 2nd model just a bit.

tionesta1: The two returns to the factory has me baffled.

James

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February 9, 2020 - 5:02 pm
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TR said
 I bid on lot 3028, a 1873 rifle in 38\40 with a 34″ oct barrel. Honest gun, it went for about 19k when you add buyer premium and sales tax. It left me in the dust at 15k. Rare or minty still brings good money is my take form the auction. New policy at RIA on sales tax, if you buy it there or pick it up there you pay 8.5% Ill. sales tax. If you buy by phone and have it shipped to you they collect your states sales tax. Exception is reseller’s tax permit. (Because of US Supreme Court decision, not their fault.) T/R  

    LeRoy has it for sale. $24,500. T/R

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February 9, 2020 - 5:06 pm
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TR said

    LeRoy has it for sale. $24,500. T/R  

So TR could take his $15k, add $9500 and it would be his Laugh

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February 9, 2020 - 6:16 pm
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  Steve, only if I win the Lottery. T/R

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February 9, 2020 - 7:13 pm
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So he bought the gun for 19K and now wants 29% more.  It is a $5,500 mark up.  What will he really take?    All this is assuming he did not pay any other fees to get it home.  If I really wanted the gun I would barter for a lower price.  Regardless of what some people think Dealers usually want more than 10% profit.  Other businesses strive for 30 to 40%.   Last year I bought a 76 that was listed for $14,000.  Got it for thousands less. Dealer still made about 2k profit.

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February 9, 2020 - 7:38 pm
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Henry Mero said
Here’s another twist; if I purchase a firearm in Ill. in person, I pay Ill. tax 8.5%, I take the gun home to Wi. and now the onus is on Me to declare the out of state purchase and pay the 5.5% Wi. state sales tax. This may not be relevent but I do know if one buys a vehicle in Florida, You pay Fl. sales tax at the notary’s office, when You register it in your home state you pay the sales tax in that state also at the D.M.V. office. In My case (being Canadian) I pay tax in the state of purchase then pay again at the border, not only on the purchase price but on the price and the state tax as a total cost, talk about being ripped off.  

Big rip off, indeed!  and I’d have to pay a whopping 10% here in Hitlerland.

James

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February 9, 2020 - 9:28 pm
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  Chuck, it gets better than that, price realized was $17,250. No sales tax to dealer, he’s in it for the $17,250. He had the $15,000. bid, the next bid would have been $16,000. plus 15% buyers fee plus 8.5% sales tax costing me $19,964. Rare gun but to rich for my means. T/R

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February 9, 2020 - 9:43 pm
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TR said
  Chuck, it gets better than that, price realized was $17,250. No sales tax to dealer, he’s in it for the $17,250. He had the $15,000. bid, the next bid would have been $16,000. plus 15% buyers fee plus 8.5% sales tax costing me $19,964. Rare gun but to rich for my means. T/R  

Thanks TR.  My point still is if the snipers on this website don’t like how a dealer operates why do they still go to his site and then complain?  I have never bought a gun from Leroy.  If he had what I wanted I would try to buy it for what I thought it was worth to me.  Those of us that travel to gun shows a lot know there are a lot of big dealers that try to make too much profit.  But then that’s the cheap collector coming out in me. 

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