thing is, they have no idea what I paid for any particular gun. All you have to do is sell for a dollar less than the price guide. see no profit. Or go to selling “this collectable photo” and the gun comes with it free. no profit.
Hold on there. The Executive branch now makes “laws”. If you had a Glock and sold it for $550 then the government could say you bought it for $450. So what if you show them the receipts from years ago showing you paid $550? They make the laws and that’s it.
Oh, and it’s “democracy”.
Who is to decide what a gun is worth? The buyer and the seller, of course. Who is to decide you are making a profit on a private sale? I bought it for $X and sold it a year later for $X+1. Is that a profit or simply inflation? And how long do you have to keep it before you aren’t just flipping it for profit?
I can’t imagine that this will not be challenged in court.