While discussing the proposed gun legislation by Bill Pascrell that would hike the federal tax on on guns and ammunition, a few callers had questions about the federal firearms taxes.

Firearms and Ammunition Excise Tax (FAET) is a tax imposed by Chapter 32 of the Internal Revenue Code (26 U.S.C. 4181) on the sale of firearms and ammunition by manufacturers, producers, and importers. To learn more about the tax, we found a great website for a reference, click here to learn more.

During the conversation about Pascrell's possible legislation, a caller also mentioned a story about President Obama looking into the possibility of signing a United Nations Arms Trade Treaty. You can read that article by clicking here.

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