Bye Bye Banks and Wall Street

[Ghoulish Delight]

Originally Posted by BarTopDancer

What the fvck are children's wooden arrow's and why do their manufactures need subsidizing by the government?

They're arrows, made of wood, designed for use by children.

And it's not a subsidy, it's a repeal of an excise tax.

[BarTopDancer]

Originally Posted by Ghoulish Delight

They're arrows, made of wood, designed for use by children.

And it's not a subsidy, it's a repeal of an excise tax.

And said tax only effects wooden arrows made for children?

[Ghoulish Delight]

Originally Posted by BarTopDancer

And said tax only effects wooden arrows made for children?

Yes.

[bewitched]

Originally Posted by BarTopDancer

And said tax only effects wooden arrows made for children?

Originally Posted by Ghoulish Delight

Yes.

Actually, it's a tax on all arrows. Children's wooden practice arrows were taxed like all other arrows at a rate of $.39 per. The wooden arrows themselves only cost $.30 to make. The tax was not intended to include the wooden arrows hence the original bill exempting wooden arrows. This addition to the legislation extended that exemption.



eta: Oops. Should've read further down since obviously Alex already answered this.