The person making this contention is supporting it with links. The link in the post to which you replied purports to contain actual sections from the US Code. Can you post support for your debunking of this myth? Is the code misquoted? Does it not mean what has been asserted?
It contains sections of some previously proposed US Code...from a bill that was DOA long ago.
I get sick of repeating myself, but go back to my original post and see what I put there. When someone posts links to another site that starts...my sister's cousin's aunt's grandmother...it's NEVER a reliable source. I'd like to think the members on this board aren't 7 year old children that play the telephone game, but I'm truly starting to wonder.
Again, this rumor has been around for going on 2+ years. It IS NOT true, it DOES NOT exist. This particular site is giving you partials and not the entire information, which gets it skewed out of context. This was started long ago by ....wait for it.... an ANTI.
So I'll repeat myself again...produce the ACTUAL code or it DOES NOT exist. A link to a crap site as was in the OP isn't good enough, far from it.
The IRS cannot tax you on the sale of something that you've paid monies for unless they can prove you've made a profit (income) from the sale. I guess you've been going to H&R Block to have your taxes done all your life. Duh!
There are parts of this that are the real deal, but the issue with firearms sales will be in limbo (in question) for a bit as the health care bill will conflict with the taxation laws already posed upon firearms. Again, the 1099 is used to report income. You selling the firearm to a business cannot constitute income for you unless the IRS can prove it so. It's going to be tough to say how this is going to apply.
Look at a pawn shop. If they allow a pawn, that is temporarily income for that individual but when they return to pick up the item they are taking a loss. This could work in OUR benefit folks. If the Democraps and the IRS want to start this kind of fight, then we all start claiming losses on purchased equipment, ammo, supplies, and firearms on our IRS tax forms. That $20 billion they got in 2009 from firearm and related sales will dry up and then some within the first year.
The health care bill WILL be deemed unconstitutional. It is going to happen, it's just a matter of when. So if you have folks suing the Fed over it ( your AG's office) then get on-board and support defeating such an abuse of power, waste of tax dollars, and outright fraud.
Oh, I forgot to mention, the title of the OP is how it affects "Private sale". It clearly does not affect private firearm sales. Duh!