alan tani @ alantani.com fishing reel repair rebuild tutorial Excise Taxes on fishing gear???
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March 02, 2021, 05:13:26 AM *
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Author Topic: Excise Taxes on fishing gear???  (Read 650 times)
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nelz
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« on: February 04, 2021, 10:50:33 PM »

I just saw on your site: "% Federal Excise Tax will be added to all sales"

Can you explain the reason for this? From what I understand, excise taxes are sometimes known as "sin taxes" and most often levied upon cigarettes, alcohol, gasoline and gambling, aka "vices". Have the feds now classified fishing gear as a vice?
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Crow
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« Reply #1 on: February 04, 2021, 10:52:15 PM »

Not sure about the Feds...but my WIFE apparently thinks so ! LOL !
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There's nothing wrong with a few "F's" on your record....Food, Fun, Flowers, Fishing, Friends, and Fun....to name just a few !
nelz
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« Reply #2 on: February 04, 2021, 10:57:39 PM »

Not sure about the Feds...but my WIFE apparently thinks so ! LOL !

 Grin
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oldmanjoe
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« Reply #3 on: February 04, 2021, 11:10:21 PM »

 This may help    ....   http://www.tridentdive.com/fishtax.pdf
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Midway Tommy
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« Reply #4 on: February 05, 2021, 02:31:15 AM »

Quote
Have the feds now classified fishing gear as a vice?

The Sportfishing Industry did it on their own. I remember back in the early '80s when the Lindner's, and many others, were huge advocates of it. Some of that had to do with cleaning up pollution of lakes, rivers & streams, too, though.

I know we need taxes to help pay for all this stuff that a lot of people think the money grew on trees, but I decided back in the mid '80s, after I bought my last, and only new, fishing boat that I would try to buy as little new fishing and hunting equipment as possible. Every reel I have purchased since 1985 has been used. FWIW, even if you build your own rods any new blanks, guides, handles, etc. are subject to that tax. I know I don't save a whole lot when I consider my time when building a new rod but at least I'm not paying an excise tax on my own labor.  Wink I haven't bought $100 worth of new lures in the last 35 years. Where I fish no fish are old enough to have seen many  Punkinseeds, River Runts, Creek Chubs, Crazy Crawlers, etc.  Grin  Used, untaxed to me, tackle works just fine.  Smiley
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Love those open face spinning reels! (Especially ABU & ABU/Zebco Cardinals)

Tommy D (ORCA), NE



Favorite Activity? ............... In our boat fishing
RELAXING w/ MY BEST FRIEND (My wife Bonnie)
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« Reply #5 on: February 05, 2021, 08:36:58 AM »

For a while, part of my salary came from Dingell-Johnson money distributed by FWS to the states.  It was like the state agency's slush fund because it was poorly focused with little accountability or reporting requirements.  I promise all you tackle buyers, you got ripped off..... but thank you every much.
-s
« Last Edit: February 05, 2021, 08:43:17 AM by oc1 » Logged
Black Pearl
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« Reply #6 on: February 05, 2021, 02:54:54 PM »

I just saw on your site: "% Federal Excise Tax will be added to all sales"

Can you explain the reason for this? From what I understand, excise taxes are sometimes known as "sin taxes" and most often levied upon cigarettes, alcohol, gasoline and gambling, aka "vices". Have the feds now classified fishing gear as a vice?

Recently, I was audited by US IRS. It found out that any fishing parts I made (over sea or in the US) was subjected to 10% of the selling price for Sport Fishing Excise tax. I have been paying that tax for any fishing lines and rods I've sold. I think the big brother is monitoring this site as well. I would recommend other fishing reel parts makers to take a look at this taxes, be careful.

For more info on this taxes, you can Google "IRS Publication 510" on page 31.

« Last Edit: February 05, 2021, 03:02:01 PM by Black Pearl » Logged
nelz
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« Reply #7 on: February 05, 2021, 03:51:21 PM »

Wow, I had no idea this even existed!
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nelz
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« Reply #8 on: February 05, 2021, 03:57:39 PM »

It was like the state agency's slush fund because it was poorly focused with little accountability or reporting requirements.  I promise all you tackle buyers, you got ripped off..... but thank you every much.

Gee, there's a surprise.  Roll Eyes Roll Eyes Roll Eyes
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Midway Tommy
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« Reply #9 on: February 05, 2021, 08:07:27 PM »

For a while, part of my salary came from Dingell-Johnson money distributed by FWS to the states.  It was like the state agency's slush fund because it was poorly focused with little accountability or reporting requirements.  I promise all you tackle buyers, you got ripped off..... but thank you every much.
-s

Sorry I didn't contribute much, Steve.  Wink Nothing personal, Compadre.  Grin
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Love those open face spinning reels! (Especially ABU & ABU/Zebco Cardinals)

Tommy D (ORCA), NE



Favorite Activity? ............... In our boat fishing
RELAXING w/ MY BEST FRIEND (My wife Bonnie)
Vintage Offshore Tackle
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« Reply #10 on: February 05, 2021, 09:25:26 PM »

For a while, part of my salary came from Dingell-Johnson money distributed by FWS to the states.  It was like the state agency's slush fund because it was poorly focused with little accountability or reporting requirements.  I promise all you tackle buyers, you got ripped off..... but thank you every much.
-s

Sorry I didn't contribute much, Steve.  Wink Nothing personal, Compadre.  Grin

Tommy, if my tax money is going to be squandered, I'm happy to hear that some of it is being squandered in your direction!
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Gfish
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« Reply #11 on: February 05, 2021, 09:54:23 PM »

Here "excise taxes" are levied on businesses for the products they sell us. The businesses in turn charge that same amount(4% or 4.2%) on all sales to customers. So we have no official State sales tax. Basically just a shuffling/word game.

Have worked at 2 State fish facilities. Both places it was: "we have to spend all of our budget this year, whether we need to or not, if we don't, we won't get the same amount next year!" Got a lecture about it at each place. Lot's of essentially- not needed- but new stuff, got purchased(JMO). Some stuff was indeed needed, though.
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Fishing tackle is an art form and all fish caught on the right tackle are"Gfish"!
oc1
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« Reply #12 on: February 05, 2021, 11:41:02 PM »

The old stereotype and everything they say is true.
« Last Edit: February 05, 2021, 11:42:45 PM by oc1 » Logged
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