I think this is more indicative of how much more ammo has been sold than it is tax increases.:clapFirearms and Ammunition Excise Taxes Up 31 Percent in 4th Quarter
Interesting Info I thought. They are trying to tax us so much that the average shooter cant even go to the range for an hour
G30 " I would rather be judged by 12 than carried by 6 "
Firearm and Ammo Taxes
Firearms and Ammunition Excise Taxes Up 31 Percent in 4th Quarter
National Shooting Sports Foundation
NEWTOWN, Conn. – -(AmmoLand.com)- During a time period of great economic uncertainty, firearm and ammunition sales have continued to increase throughout the country.
According to the most recent Firearms and Ammunition Excise Tax Collection Report, released earlier today by the Department of the Treasury, firearm and ammunition manufacturers paid more than $98.1 million in the fourth calendar quarter of 2008, up 31.3% over the same time period reported in 2007.
Manufacturers of firearms and ammunition pay a federal excise tax — a major source of wildlife conservation funding –on all firearms and ammunition manufactured (11% on long guns and ammunition and 10% on handguns).
The report, which covers the time period of October 1, 2008, through December 31, 2008, shows that $27.6 million was collected for pistols and revolvers, $35.0 million for long guns and $35.5 million for ammunition. Compared to the same quarter in 2007, collections were up 70.1% for handguns, 11.4% for long guns and 31.1% for ammunition.
These figures close out the 2008 calendar year. In 2008, a total of $345.2 million was collected in excise taxes, up 13.9% from the $303.2 million collected in calendar year 2007.
Interesting Info I thought. They are trying to tax us so much that the average shooter cant even go to the range for an hour
G30 " I would rather be judged by 12 than carried by 6 "
National Shooting Sports Foundation
NEWTOWN, Conn. – -(AmmoLand.com)- During a time period of great economic uncertainty, firearm and ammunition sales have continued to increase throughout the country.
According to the most recent Firearms and Ammunition Excise Tax Collection Report, released earlier today by the Department of the Treasury, firearm and ammunition manufacturers paid more than $98.1 million in the fourth calendar quarter of 2008, up 31.3% over the same time period reported in 2007.
Manufacturers of firearms and ammunition pay a federal excise tax — a major source of wildlife conservation funding –on all firearms and ammunition manufactured (11% on long guns and ammunition and 10% on handguns).
The report, which covers the time period of October 1, 2008, through December 31, 2008, shows that $27.6 million was collected for pistols and revolvers, $35.0 million for long guns and $35.5 million for ammunition. Compared to the same quarter in 2007, collections were up 70.1% for handguns, 11.4% for long guns and 31.1% for ammunition.
These figures close out the 2008 calendar year. In 2008, a total of $345.2 million was collected in excise taxes, up 13.9% from the $303.2 million collected in calendar year 2007.
Interesting Info I thought. They are trying to tax us so much that the average shooter cant even go to the range for an hour
G30 " I would rather be judged by 12 than carried by 6 "
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Tend to agree with Xbones on this. Think it is a reflection of sheer quantity of sales not increase in percentage of taxes. According to Joe Biden we are being patriotic paying more taxes. Probably not what he had in mind though.
Wonder how 'patriotic' we'll be when we go to DC to get our $$ back.:dancingbananaTend to agree with Xbones on this. Think it is a reflection of sheer quantity of sales not increase in percentage of taxes. According to Joe Biden we are being patriotic paying more taxes. Probably not what he had in mind though.
I agree with X - people are stocking up. istols
istols
& Y people shooting it upI agree with X - people are stocking up.
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