Originally Posted by RCP
Not so much about the ammo but I am bothered by the people buying actual firearms for the sole reason of flipping them. Seems to me this is the straw purchase crap that makes us all look bad. This guy on one of my local Facebook gun trading groups freely admitted to doing it on numerous occasions.
My understanding, is that the "private sale loophole" that's such a menace to our society only applies to those of us who are not "in the business" of selling firearms. So wouldn't this guy already be breaking the law?
I believe that's the actual terminology they use, and it is vague, but I always thought this kind of thing was over that line.
Wouldn't the IRS alone have a thing or two to say about it?