At current prices - today's actual prices - Primers are about 4 cents each. Powder is close to 0.4 cents per grain. And I don't think the internet sellers, what with shipping and hazmat charges, will do much better than that. So even with "free" bullets and cases (and we know those are not really free), 6 cents a round is about the rock bottom best one can do for reloading handgun loads. And that's not likely to improve. If you have a stash of primers you bought for $15/K and powder for $10/pound, that's great (and I do myself). But for someone just starting and buying bullets and cases, $7 to $10 per box is what it will cost to reload. But at least there might not be a "Violence Tax" on reloading - yet.