Not quite true. The most important part of being able to own a full auto weapon is to live in a free state that allows civilian ownership. If allowed,the next step is to fill your bank account, as the manufacture of transferable machine guns was prohibited by the FOPA of ‘86, which resulted in the price of transferable guns going through the roof, i.e. fixed supply and increasing demand.
Next you need to get fingerprinted, get a sign off by a Chief Law Enforcement Officer, write a check for $200 to the Treasury, send it and the proper paperwork to ATF, undergo that liberal sacrament, a background check, and then wait months before you get your tax stamp, which then allows you to pick up the weapon you paid for at the beginning of the process.
Thanks for that info....