Posted on 05/04/2009 3:30:16 PM PDT by Atlas Sneezed
Conservation Efforts Benefit from 31 Percent Jump in Excise Taxes
Firearms and ammunition excise tax collections for fourth quarter of calendar year 2008.
SALES REMAIN STRONG FOR MANUFACTURERS . . . Firearm and ammunition manufacturers paid more than $98 million in excise taxes in the fourth quarter of 2008, up 31.2 percent over the same period in 2007, according to figures released earlier today by the U.S. Department of the Treasury.
From Oct. 1 to Dec. 31, $27.6 million was collected for pistols and revolvers, $35 million for long guns and $35.5 million for ammunition. Compared to the same period in 2007, collections were up 70.1 percent for handguns, 11.4 percent for long guns and 31.1 percent for ammunition.
Excise tax collections are a key economic indicator for the industry. The taxes are calculated as a percentage of wholesale receipts, paid quarterly by firearm and ammunition manufacturers, and earmarked for state wildlife conservation and habitat restoration programs. A total of $345.2 million was collected in excise taxes in 2008, up 13.9 percent from the $303.2 million collected the previous year. These statistics are based solely on U.S. civilian sales and do not include sales to military, police, etc.
(Excerpt) Read more at nssf.org ...
The only problem with that is that there are currently surplus 9mm Walther P1s, not made by third world Communist labor, on the open market for $245. They’re also not in an oddball caliber that is subject to import bans.
I like SWHC and RGR for the near term
Yeah, it’s hard to beat for the money. That round in FMJ is sure one penetrator.
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